GreyCast Heartcast Media

Welcome back to Greycast! Our guest today is Karim A. Hutson, the founder, chairman, and CEO of Genesis Companies, a renowned real estate development firm. With over two decades of experience, Karim shares valuable insights on self-reflection, aligning passions with careers, and creating opportunities. We'll also explore his dedication to community upliftment and addressing housing affordability.

Takeaways
Advice for success and personal fulfillmentThe role of real estate development in building communitiesChallenges and opportunities in the real estate industryImportance of interpersonal skills and graduate education in businessStakeholder relationships and collaborations in real estate developmentQuotes

"Connect the lines between who you are, what you excel at, and what brings you fulfillment."-Karim A Hutson

"Rethink underwriting and services provision, intertwining departments to address people's needs and issues effectively."-Karim A Hutson

Featured in this Episode

Karim H. Hutson
President & CEO, Genesis Companies
Linkedin: https://www.linkedin.com/in/karim-hutson-9334a/
Personal Website: http://www.genesiscompanies.com/

Romain Sinclar
Co Host, Licensed Real Estate SalesPerson
Profile: https://greysteel.com/team/romain-sinclair/

Damani Strasner
Associate, Investment Sales, Greysteel
Profile:https://greysteel.com/team/damani-strasner

Chapters

00:00 - Introduction
04:43 - Growing Real Estate Wealth for Black Families
11:16 - Family Sacrifices and Commitment to Giving Back
16:33 - Delivering Quality Products and Services to Tenants
24:09 - Affordable Housing Advocacy: The Need for Subsidies and Tax Credits
29:37 - Aligning Business Plans with Long-Term Goals
32:54 - Housing Issues and Policy Debates
39:00 - Prioritizing Sustainability and Communication
44:31 - The Value of Interpersonal Skills: Highly Esteemed by CEOs
48:27 - Collaborating with Nonprofits and Housing Authorities: The Genesis Approach
56:04 - Addressing Housing Segregation: Confronting Ongoing Societal Issues
01:01:26 - Achieving Goals through Introspection, Focus, and Dedication
01:04:05 - Conclusion

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Welcome back to GreyCast! In today's episode, we have a special guest joining us, the renowned entrepreneur, author, philanthropist, and political activist, Don Peebles. We dive into a fascinating conversation with Don about his incredible real estate journey and groundbreaking achievements in the industry. From his transformative projects in major cities across the country to his advocacy for diversity and inclusion, Don has truly made his mark. Join us as we explore his inspiring story, the challenges he's faced, and his vision for a more equitable future in real estate.

Takeaways
Breaking Barriers in NYC Real EstateInfluence of Diverse MentorsTackling Capital Access for Black EntrepreneursExploring Don Peebles' Multifaceted CareerMarion Barry's Minority Contracting LegacyFrom Political Passion to Real Estate PioneerLaunching a Fund for Office Buildings and Access to CapitalQuotes

"Real estate is not just about buildings and developments, it's about transforming communities and creating economic opportunities for all." - Don Peebles

"We need to shift the conversation around diversity from philanthropy to economic opportunity. It's not just the right thing to do, it's also a smart business move." - Don Peebles

Featured in this Episode

Don Peebles
Chairman & CEO of The Peebles Company
Linkedin: https://www.linkedin.com/in/don-peebles-0767769/

Chapters

00:00 - Introduction
05:31 - Shaping Don Peebles' Path to Entrepreneurship
08:48 - Marion Barry's Campaign: A Youthful Bet on Radical Change
11:30 - Thriving in the Real Estate Market During the 1980s
34:51 - Mayoral Visions: Atlanta & DC Entrepreneurship
39:10 - Beyond Basketball to Real Estate Ventures
49:45 - Scaling Success in Real Estate
57:29 - Real Estate Essentials: Supply and Demand
01:04:20 - Guided by Values: Family, Mentors, & Business
01:12:20 - Equity in Capital for Black Entrepreneurs
01:20:01 - Outro

Produced by Heartcast Media
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Welcome to another inspiring episode of Greycast! Today, we sat down with Cedric Bobo, the co-founder and CEO of Project Destined. Learn about his journey from growing up on a farm in Mississippi to making a mark in the real estate industry. Cedric's story is a powerful example of how believing in someone and providing them with opportunities can change lives. Stay tuned as we explore his story and the valuable lessons he has to share. Let's dive in!

Takeaways
-Achieving Greatness: Scaling the Inspirational Journey
-Creating a Worldwide Real Estate Product
-Venturing into Asia: Promising Plans Unveiled
-Pioneering Education: Dominating the Real Estate Industry
-From Humble Beginnings to Triumph: An Inspiring Background
-Empowering Students: Mitigating Risks for Lasting Impact
-Safety Nets and Support: Fostering Courageous Ventures
-Optimizing Growth: Effective Scaling Strategies
-Unveiling Success: Key Qualities that Unlock Opportunities

Quotes
“Our ultimate goal is to instill the seed of entrepreneurship through repetition and equip students with a solid framework for success." -Cedric Bobo
"Our approach involves building a strong foundation in each market and strategically adding other relevant products."-Cedric Bobo

Featured in this Episode
Cedric Bobo
CEO & Co-Founder of Project Destined
Linkedin:https://www.linkedin.com/in/cedric-bobo-187188/

Chapters
​​00:00 - Introduction
07:39 - Fostering Ownership Mindset
11:07 - Mitigating Risks in Entrepreneurship
14:19 - From Layoff Fears to Teaching Kids
17:11 - Steph Curry's Safety Net
20:01 - Sponsorship & Curiosity: Six-Week Program
25:14 - Hiring Challenges in Real Estate
27:35 - Building Confidence through Jobs
34:16 - Scaling Dynamics: Learn, Apply, & Bet
37:24 - Hiring Alumni & Project-Based Labor
42:28 - Inspiring Literature & Motivating Podcasts
46:48 - Selfless Men Making Impact
49:00 - Transformative Support: Michael Conley's Influence
53:12 - Drawing Inspiration from George Washington's Wisdom
54:24 - Outro

Produced by Heartcast media
https://www.heartcastmedia.com

Tune in to Greysteel's GreyCast podcast! CEO of Avanath Capital Management, Daryl Carter, joins us to share his experience in the debt and equity businesses. Listen as he discusses the challenges of starting a business in 1991 and 2008, and how the financial services industry has evolved. Discover how Avanath focuses on acquiring, rehabilitating, and preserving affordable housing, and even pursues ground-up development opportunities. Carter emphasizes the importance of building strong communities and debunking misconceptions about evictions in the multifamily business industry.
Don't miss this valuable conversation about entrepreneurship and long-term thinking.

Takeaways
-Starting a Business in Different Economic Landscapes
-Transforming the Financial Services Industry
-Revitalizing and Preserving Affordable Housing
-Avanath's Approach to Ground-Up Development
-Building Strong Communities: Avanath Capital's Key Focus
-Dispelling Myths: Evictions in Multifamily Business

Quotes
"Building communities is more important than just making profits. If you focus on building communities, the profits will come." - Daryl Carter
"The multifamily industry needs to improve its public perception and tell its story better. We need to focus on the good things we are doing in terms of housing safety instead of emphasizing the supply angle." - Daryl Carter

Featured in this Episode
Dayrl Carter
Chairman and CEO of Avanath Capital Management
https://www.avanath.com/team/daryl-j-carter/
Linkedin: https://www.linkedin.com/in/daryl-j-carter-b18941116

Chapters
00:00 Introduction
06:41 Banking: Unconventional Path to Success
10:48 Pioneering Affordable Housing: Journey and Triumph
15:54 Evolution of Real Estate Business: Then and Now
31:12 Darryl Davis' Strategy for Affordable Housing Expansion
36:48 Addressing the Affordability Crisis: Role of Private Capital
39:36 Tackling High Turnover Rates in Real Estate
44:05 Innovative Solutions for Affordable Housing Crisis
49:38 Shifting Industry Messaging for Resident Prioritization
52:11 Housing Concerns Unite Congress Members

Produced by Heartcast media
http://www.heartcastmedia.com

In this episode of Greysteel's GreyCast podcast, Our host Donahue Peebles III, a real estate entrepreneur and executive vice president of Peebles Corporation. Donahue Peebles III shares his experience growing up in a family of real estate entrepreneurs and how his father's teachings helped shape his career. They also discuss the impact of the COVID-19 pandemic on the real estate industry and what to expect in the post-pandemic future. Donahue Peebles III emphasizes the importance of considering the needs and desires of communities and the people when planning and building structures, as they are the ones who will ultimately benefit from them. The conversation also covers New York City's skyline and the significance it holds worldwide. Finally, Donahue Peebles III shares his insights and tips on motivation and success.

Takeaways

Donahue Peebles III story as a 2nd-generation real estate entrepreneur

The current status of the real estate market during pandemic and post-pandemic

Sustaining local market expertise and affordable housing allocation and promoting diversity in Washington D.C.

New York’s symbolism for real estate and its skyscrapersThe drive and motivation into achieving goals and success

Quotes

When we enter a market, we commit to acting ethically towards everyone involved, including the policy makers and our competitors. We aim to do our best for ourselves, our investors, and our community. - Donahue Peebles III

Developers should listen to communities about what they want and have a service mindset when working on projects, rather than thinking they should show people what they want. - Donahue Peebles III

Featured in this Episode

Donahue Peebles III
Executive Vice President, The Peebles Corporation
https://www.linkedin.com/in/donahue-peebles-73503b73

Chapters
00:00 Introduction
02:38 Donahue Peebles III background
09:54 Growing the business as 2nd generation entrepreneur
13:16 The status or real estate market nowadays
23:42 Sustaining local market expertise in Washington D.C.
30:48 Affordable Housing and promoting diversity in D.C.
40:05 The skyline of New York City
44:00 The drive and motivation
46:13 Wrap-up
48:12 How to invest with People Corporation
51:55 Conclusion

Produced by Heartcast media
www.heartcastmedia.com

Welcome back to Greysteel's GreyCast podcast. In today’s episode, Chris Mfume is our guest. Chris Mfume is the managing partner of CLD Partners. He is responsible for leading all development and investment activities and guiding the firm’s projects through inception to completion. He is also a member of the Urban Land Institute and Thread, a volunteer-driven mentor program. In the episode, Chris discusses his life background and how he started his real estate journey by job hunting for almost 7 months to founding his own business today. He also discusses the challenges as well as the benefits that he faced for being an African-American in the industry. Moreover, he talks about the things that make him and his company different from other developers as well as his system to be better with others. Lastly, he gives some advice to young aspiring entrepreneurs just like him who want to explore real estate and how to be successful in it.

Takeaways

How Chris Mfume started his real estate journey from humble beginnings
The benefits and the challenges that Chris experienced as an African-American developer
Things Chris is passionate about in life
The right time to on making deals and sells the real estate
The important elements to be successful in the real estate business
Advice and wisdom from our guest

Quotes

While I was trying to get a job for 7 months, I was sharpening my skill set. I look for ways that can add value to myself. - Chris

There has never been a better time to be a black entrepreneur in real estate than in 2022. - Chris

Featured in this Episode

TC Cosby
Capital Markets, Greysteel
https://greysteel.com/team/tc-cosby/
https://www.linkedin.com/in/tc-cosby-90b7485/

Aaron Inman
Senior Investment Associate at Greysteel, Baltimore Multifamily
https://greysteel.com/team/aaron-inman/
https://www.linkedin.com/in/aaron-inman-9596a911a/

Chris Mfume
Managing Partner at CLD Partners
https://www.linkedin.com/in/christopher-mfume-3269151b
https://www.cldre.com

Chapters
00:00 Introduction
02:06 Chris's background and how he started
07:09 Chris gives insights on how he become successful
10:50 Thoughts about the market today?
14:13 How to approach capital on the equity side?
16:09 The challenges and benefits faced by Chris
19:15 The neighborhood and areas that are being underserved
23:32 Are you having trouble as a black developer?
25:58 What separated Chris from other developers?
29:48 What are the things Chris is passionate about?
34:22 Chris’ advice to all aspiring young developers
39:49 Balancing between aggressively buying and conserving capital
42:12 Great and bad deals that Chris had
44:46 Chris's takeaways for young entrepreneurs to be successful
50:26 When is the right time to make a sell and trade
52:47 Adjusting the market value based on different factors
55:08 Important elements to be successful in business
59:55 What are the missing tidbits for African-Americans to enter the CRE

Produced by Heartcast media
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