The LSCRE Podcast

Rob Beardsley
  • 4.3 (26)
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The LSCRE Podcast interviews institutional investors to learn more about their strategies, sponsor and investment criteria, due diligence process, and asset management practices.New episodes every Monday at 9am EST.

  1. 2D AGO

    A $1B Multifamily Operator Answers The Toughest Investing Questions

    In this Q&A session, Rob Beardsley (Founder & CEO of LSCRE) answers some of the toughest questions investors are asking about the multifamily market right now. Topics include whether the U.S. economy is actually in a recession, where we are in the real estate cycle, the biggest risks facing multifamily today, and how sponsors protect investor capital in volatile interest-rate environments. Rob also shares lessons from a deal that was terminated due to rising rates, explains the underwriting assumptions that matter most in multifamily investing, and discusses why relationships and trust are the most valuable assets in commercial real estate. If you're an investor trying to understand the current market cycle, risk management, and how professional sponsors approach deals, this video provides valuable insight. Topics covered: Are we actually in a recession?Where we are in the real estate and interest rate cyclesThe biggest risk in today’s multifamily marketHow sponsors protect investor capitalRed flags that disqualify a dealThe most important numbers in underwritingWhy relationships compound the fastest in real estateHow new sponsors raise capital without a track record If you'd like to learn more about investing alongside LSCRE, connect with our team and join our investor community.

    22 min

  2. 5D AGO

    Investing vs Speculating: The $2.5M Lesson That Changed Everything | Paul Moore | LSCRE PODCAST

    In this episode of the LSCRE Podcast, Craig McGrouther sit down with Paul Moore to unpack one of the most misunderstood ideas in investing: the difference between investing and speculating. After selling his company in his early 30s, Paul believed he had become a full-time investor.  Instead, he learned the hard way that he had become a full-time speculator—a realization that eventually cost him millions during the lead-up to the financial crisis. In this conversation, Paul shares the painful lessons that followed, and how that experience reshaped his philosophy around risk, discipline, and capital preservation. The discussion explores why the most successful investors—from figures like Warren Buffett and Charlie Munger to seasoned real estate operators—often succeed not by chasing exciting opportunities, but by staying focused on one strategy for decades. Topics covered: • The critical difference between investing and speculating • Why confusing the two can destroy capital • The lessons Paul learned losing millions before the 2008 crisis • Why the best investors embrace “boring” strategies • The danger of shiny object syndrome in real estate investing • How disciplined operators evaluate deals and risk • Why long-term focus often beats chasing the next opportunity • How fund structures and preferred equity fit into today’s market • Why today’s real estate cycle may present a unique opportunity Chapters 00:00 Introduction to Paul Moore and His Journey 05:50 The Birth of Wellings Capital 11:49 Investment Philosophy: Avoiding Rescue Capital 22:31 Navigating Unique Investment Opportunities 27:41 Understanding Market Cycles and Investment Timing 36:56 Embracing Technological Changes in Real Estate In a market filled with noise, projections, and constant deal flow, the investors who consistently win are often the ones doing something surprisingly simple: protecting principal, staying disciplined, and resisting the urge to chase the next big thing. If you’re a passive investor, capital allocator, or real estate operator looking to sharpen your investment philosophy, this episode offers a candid look at the lessons that only experience and sometimes painful mistakes - can teach.

    44 min

  3. MAR 2

    Best Ever Conference Recap | Value-Add Risks, Cap Rates & 2026 Multifamily Strategy | LSCRE PODCAST

    In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther unpack what’s really happening in today’s multifamily market - and why chasing “home run” deals may be the fastest way to lose investor trust. After meeting with dozens of investors at the Best Ever Conference, a clear theme emerged: value-add fatigue, rising skepticism around aggressive projections, and a growing demand for certainty over hype.                                                                                                                                                                                                                      Chapters:  00:00 Intro 02:25 Why Value-Add Isn’t Working Like It Used To 09:08 LSCRE’s 2025–2026 Acquisition Strategy 12:07 What Makes LSCRE Different 15:19 Long-Term Strategy & 1031 Compounding 19:33 Why Fund Managers Should Avoid Big Swings 23:28 The Case for Longer Hold Periods 25:37 Preserve at Copper Springs Update Topics covered: • Why high IRR multifamily deals come with hidden downside • The real risk behind “2X projections” • Is the value-add strategy breaking down? • How new supply and concessions are changing apartment investing • The return of cap rate spreads between Class A, B, and C assets • Why investing in A locations beats upgrading C properties • The filtering-up effect happening across multifamily • Why fund managers must prioritize capital preservation • Certainty of execution vs swinging for outsized returns In a market where rent growth has cooled and supply has surged, the operators who survive aren’t the ones chasing upside — they’re the ones protecting investor capital and positioning for long-term durability. If you’re a passive investor, capital raiser, or multifamily operator navigating the 2026 cycle, this conversation will reshape how you think about risk, projections, and strategy.

    28 min

  4. FEB 16

    Why This Houston Multifamily Deal Offers Strong Cash Flow & Lower Risk

    👉 Watch the full Preserve at Copper Springs webinar here: www.lscre.com/pcswebinarreplay  (This is a 506(c) offering open to accredited investors only.)  In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrothor walk through the acquisition of Preserve at Copper Springs, a 376-unit Class A multifamily property located in Houston’s highest-absorbing submarket. This walkthrough breaks down how LSCRE evaluates risk, cash flow, and long-term durability when acquiring large multifamily assets – without relying on aggressive assumptions or hype. Topics covered include: Why Houston’s Copperfield submarket is seeing strong absorption with no new supply How owning sister properties on the same street reduces operational risk The benefits of 7-year fixed-rate, full-term interest-only debt Why LSCRE prioritizes cash-flow coverage over maximum leverage Organic rent growth vs forced value-add strategies Expense reduction through in-house management and economies of scale Why this deal prioritizes monthly cash flow, safety, and predictability Cost segregation, bonus depreciation, and tax efficiency How this investment is eligible for 1031 exchanges This is a behind-the-scenes look at how experienced multifamily operators structure deals to protect capital while delivering consistent returns. Learn more about LSCRE: www.lscre.com

    17 min

  5. FEB 13

    Why We’re Buying Less — And Why That’s a Good Thing (NMHC 2026 Outlook)

    In this episode of the LSCRE Podcast, Craig McGrouther sits down with Director of Acquisitions Brad Oliver to break down what really happened at NMHC, how 2025 unfolded, and where multifamily opportunities are forming in 2026. They discuss: Why Houston is leading the recovery Why Dallas remains selective Why markets like Austin, San Antonio, and Phoenix are still working through oversupply Why foreclosure and distress don’t automatically equal opportunity How risk-adjusted returns matter more than deal volume Why LSCRE only closed two deals in 2025 What types of deals lenders are finally forcing to market And why Preserve at Copper Springs stands out as a rare, high-conviction acquisition This conversation pulls back the curtain on how institutional operators think about: ✔ Market cycles ✔ Supply & demand ✔ Deal liquidity ✔ Underwriting discipline ✔ Downside protection If you’re a passive investor, 1031 exchanger, or multifamily operator, this episode explains why patience, discipline, and location selection matter more than ever heading into 2026. Learn more about LSCRE: www.lscre.com

    29 min

  6. FEB 9

    1031 Exchanges Explained: How LSCRE Helps Investors Defer Taxes & Compound Wealth

    In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther sit down with 1031 exchange expert and author Dasha Beardsley to break down how investors can properly use 1031 exchanges to defer capital gains taxes, preserve equity, and compound wealth through multifamily real estate. The team dives deep into: How 1031 exchanges actually work (and common misconceptions) Using 1031s to invest in multifamily syndications Tenant-in-Common (TIC) structures vs traditional LP investments Bundling multiple properties into a single 1031 exchange Reverse 1031 exchanges and rare 1033 exchanges How LSCRE has successfully completed $150M+ in 1031 exchanges with a 100% success rate Why long-term sponsors matter when compounding wealth through multiple cycles This episode is packed with real-world examples from recent LSCRE acquisitions, including Preserve at Copper Springs, and offers a clear roadmap for investors looking to transition from active ownership to passive multifamily investing. Learn more about LSCRE: www.lscre.com

    41 min

  7. FEB 6

    Why Investors Choose LSCRE | Zero Capital Calls, Monthly Cash Flow & Texas Focus

    In this episode of the LSCRE Podcast, Craig McGrouther sits down with Sam Morris to answer one simple but critical question: What’s in it for you as an investor? Whether you’re new to passive multifamily investing or have invested across multiple sponsors, this episode breaks down exactly how LSCRE operates, why capital preservation comes first, and what separates disciplined operators from the rest of the market. We cover: Why zero losses and zero capital calls matter How monthly distributions are paid from true free cash flow What “vertically integrated” actually means (and why it protects investors) How LSCRE underwrites deals using loaded ICR, not pro forma hype Why Texas (Houston, Dallas, San Antonio, Phoenix) remains a top market How appreciation, depreciation, and cash flow work together 1031 exchange options and long-term investor strategies Why repeat investors are the ultimate performance metric With over $800M under management, 5,600+ units, 200+ employees, and 400+ repeat investors, LSCRE focuses on one thing only: delivering strong risk-adjusted returns while protecting investor capital through every cycle. Learn more about LSCRE: www.lscre.com

    50 min

  8. FEB 2

    Why “Distress Deals” Are Mostly Garbage | NMHC Reality Check

    In this episode of the LSCRE Podcast, Craig McGrouther and Rob Beardsley break down the real takeaways from NMHC and explain why many so-called “distressed multifamily deals” are actually uninvestable. With record supply in markets like Dallas, Austin, Phoenix, and San Antonio, realism is finally hitting the multifamily market. Lenders are taking back properties — but that doesn’t mean they’re good buys. We cover: Why lender-owned ≠ good deal How “value-add” is often just disguised risk Why AI underwriting misses the nuance that matters The 4 pillars of every multifamily deal: location, price, debt, management Why cash flow coverage matters more than leverage How disciplined operators win cycles — and survive downturns If you’re a passive investor, fund manager, or multifamily operator, this episode cuts through the noise and explains what actually matters in today’s market. Smart capital isn’t chasing hype — it’s buying stability. Learn more about LSCRE: www.lscre.com

    33 min
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4.3
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About

The LSCRE Podcast interviews institutional investors to learn more about their strategies, sponsor and investment criteria, due diligence process, and asset management practices.New episodes every Monday at 9am EST.

Information

  • Creator
    Rob Beardsley
  • Years Active
    2020 - 2026
  • Episodes
    370
  • Rating
    Clean
  • Copyright
    © 2026 Capital Spotlight
  • Show Website
    The LSCRE Podcast

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