45 min

ATE-Metrics of Asset Management with Bruce Fraser and Meaghan Davenport Diary of an Apartment Investor

    • Investing

What should be your focus in multifamily asset management with Bruce Fraser and Meaghan Davenport.
Follow us on Instagram, Facebook, and Twitter
For more educational content, visit our website at www.diaryofanapartmentinvestor.com
Interested in investing with Four Oaks Capital?  First step is to schedule a call with us. 
This episode originally aired on January 3rd, 2022


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Bruce Fraser
I ran a successful hedge fund for over a decade, including through the financial crisis.  In fact, we were at our all-time highs during the market troughs of 2009.  Successfully navigating such turbulent times earns incredible trust with investors.  Many of these investors were wondering what else I was doing with my own money – knowing that the Fed would be printing a ton of money for stimulus and asked my thoughts about investing in real estate.  I had formerly been invested in real estate – some SFRs and small multi with one business partner.  But based upon the research I was doing, I sold all of my investment property in 2007 – literally all of it.  Based upon my analysis, housing prices were still headed lower in 2008, so I waited to begin re-entering the market with new real estate acquisitions until 2011, when I formed Elkhorn Capital Partners. There was still only nascent bank lending post financial crisis, so our initial investments focused on all cash deals, including tax liens, hard money lending, and buying non-performing assets off of bank’s balance sheets.  After a couple years of this, banks were lending again and Elkhorn made the strategic decision to focus exclusively on multifamily, which has remained its exclusive focus for many years now.


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Meaghan Davenport
Meaghan Davenport, Managing Partner with Gibby's Capital Investments, LLC. Based out of Houston Texas. We are a multifamily syndication firm with $36,875,000 AUM (368 total units: 224 units are in Ft Worth {closed on July 12th} and we just closed on 144 units in Houston {closed on Nov. 4th}. My role is Asset Manager and I also do all our marketing including website creation and branding. I was born in the Midwest but grew up in Littleton Colorado and lived there for 30+ years until 2019 when I moved to Texas with my husband and 2 of our 4 kiddos.  I am married to Brett Davenport (17 years together/married 15 yrs) - He is also my business partner. 


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Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 629 units worth $36 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.

Connect with him on LinkedIn or Facebook.

What should be your focus in multifamily asset management with Bruce Fraser and Meaghan Davenport.
Follow us on Instagram, Facebook, and Twitter
For more educational content, visit our website at www.diaryofanapartmentinvestor.com
Interested in investing with Four Oaks Capital?  First step is to schedule a call with us. 
This episode originally aired on January 3rd, 2022


----
Bruce Fraser
I ran a successful hedge fund for over a decade, including through the financial crisis.  In fact, we were at our all-time highs during the market troughs of 2009.  Successfully navigating such turbulent times earns incredible trust with investors.  Many of these investors were wondering what else I was doing with my own money – knowing that the Fed would be printing a ton of money for stimulus and asked my thoughts about investing in real estate.  I had formerly been invested in real estate – some SFRs and small multi with one business partner.  But based upon the research I was doing, I sold all of my investment property in 2007 – literally all of it.  Based upon my analysis, housing prices were still headed lower in 2008, so I waited to begin re-entering the market with new real estate acquisitions until 2011, when I formed Elkhorn Capital Partners. There was still only nascent bank lending post financial crisis, so our initial investments focused on all cash deals, including tax liens, hard money lending, and buying non-performing assets off of bank’s balance sheets.  After a couple years of this, banks were lending again and Elkhorn made the strategic decision to focus exclusively on multifamily, which has remained its exclusive focus for many years now.


----
Meaghan Davenport
Meaghan Davenport, Managing Partner with Gibby's Capital Investments, LLC. Based out of Houston Texas. We are a multifamily syndication firm with $36,875,000 AUM (368 total units: 224 units are in Ft Worth {closed on July 12th} and we just closed on 144 units in Houston {closed on Nov. 4th}. My role is Asset Manager and I also do all our marketing including website creation and branding. I was born in the Midwest but grew up in Littleton Colorado and lived there for 30+ years until 2019 when I moved to Texas with my husband and 2 of our 4 kiddos.  I am married to Brett Davenport (17 years together/married 15 yrs) - He is also my business partner. 


----
Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 629 units worth $36 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.

Connect with him on LinkedIn or Facebook.

45 min