The LSCRE Podcast

Rob Beardsley
  • 4.3 (26)
  • INVESTING
  • UPDATED BIWEEKLY

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. 3D AGO

    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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. JAN 30

    How LSCRE Executes Seamless Multifamily Takeovers in Houston Asset Management Deep Dive

    In this episode of the LSCRE Podcast, Craig McGrouther sits down with Joe Pistorius, Asset Manager at LSCRE, to break down how strong asset management and execution drive consistent returns in multifamily real estate. This conversation offers a behind-the-scenes look at Preserve at Copper Springs, a new Houston acquisition located between two of LSCRE’s best-performing assets. Joe explains how experienced onsite teams, operational synergies, retention strategies, and disciplined expense control create a clear path to execution. 🎙️ Topics Covered in This Episode: Joe Pistorius’ role as an LSCRE asset manager Managing high-performing Houston multifamily assets Why clustering properties improves operational efficiency Lessons learned from Preserve at Copperleaf & Discovery at West Road How LSCRE achieves 95–97% occupancy Why retention is more valuable than unit turn strategy today Renewal rent increases of 5–6% in a flat rent environment Early-bird renewal incentives and tenant retention strategy Amenity fee rollout: bulk Wi-Fi, valet trash, gym & pool access How amenity fees increase NOI without harming occupancy What a smooth multifamily takeover actually looks like Knocking on every door: resident-first transition strategy Expense reduction through in-house teams and scale Why this Houston submarket leads the city in absorption Limited new supply and strong demographic fundamentals Why execution matters more than aggressive projections Risk mitigation through purchase price, location, and management What makes a “safe” multifamily deal in today’s market 🏢 Key Takeaway: Great multifamily deals aren’t made in spreadsheets — they’re won through execution, people, and operational discipline. Learn more about LSCRE: www.lscre.com

    25 min

  8. JAN 27

    Houston Multifamily Deal Breakdown: Seller Motivation, Expenses & Insurance

    Why is the seller selling — and how do you actually make a multifamily deal work in today’s market? In this episode of the LSCRE Podcast, Craig McGrouther and Rob Beardsley answer real investor FAQs around LSCRE’s newest Houston acquisition, Preserve at Copper Springs, and break down the real mechanics behind underwriting, expenses, insurance, and exits. This is not theory — it’s how institutional multifamily deals actually get done. 🎙️ Topics covered in this episode: Why Preserve at Copper Springs’ seller is selling (loan maturity explained) How to evaluate seller motivation without falling for “distress” hype Loan assumptions vs refinancing (when they work — and when they don’t) Why remaining loan term, amortization, and leverage matter How expense reductions actually happen (and when they don’t) Why LSCRE isn’t “cutting costs” — but realigning operations Portfolio synergies from owning multiple assets on the same street Ancillary income opportunities for future buyers Stabilized exits vs value-add “hot potato” deals Why newer, high-quality assets have more exit liquidity Houston rent growth drivers in the Copperfield submarket How insurance markets are finally improving Why insurance savings don’t always hit cash flow immediately Escrow mechanics, lender friction, and “Kafkaesque” processes explained Why operational execution matters more than projections 🏙️ Why Houston & Copperfield #1 Houston submarket for absorption Zero new supply Strong employment drivers Proven performance from sister assets Learn more about LSCRE: www.lscre.com

    31 min
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4.3
out of 5
26 Ratings

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
    368
  • Rating
    Clean
  • Copyright
    © 2026 Capital Spotlight
  • Show Website
    The LSCRE Podcast

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