40 min

Investing Effectively in a Changing Market with Matt Smock Recession Proof Real Estate Investing

    • Investing

Mr. Smock has held multiple positions as Managing Director, Regional Manager, and RVP. He has also raised multiple short-term loan funds from 2002-2007, an opportunity & value-add fund from 2007-2015 to pursue broken projects, NPL’s & REO’s, along with large non-performing portfolios in the Western US MSA’s, while managing multiple value-add projects for two family offices in Europe.
Mr. Smock has been involved with the acquisition and development of Traverse Mountain; one of the largest Master Planned Communities in Utah. He acquired the master-note in 2010 through a participation agreement with Far West Bank (AWB). Mr. Smock took possession of the development with his partners, raised the capital through family offices and HNW investors, while redesigning and re-platting the residential communities, commercial & retail site plan, along with redesigning the multifamily sites. He also improved and re-engineered the site, provided the LIDAR mapping, architectural and issued an approved site plan to Lehi City for 1.5M SF of class A office and 300,000SF of Retail on the 120Acre commercial parcel, while securing multiple retail leases. In addition, he secured & leased 216,000SF of class A office building to the first national credit tenant Xactware-Verisk Analytics, while preparing for additional leasing opportunities with additional tech firms for building two. It is anticipated that the total build-out value of the project is estimated at $1.2Billion.
Among other recent notable projects, Mr. Smock recently worked in Switzerland and France for two family office and a group of “UHNW club investors” to acquire, renovate and stabilize class A office, multifamily and student housing real estate projects totaling approximately 134M CHF. Mr. Smock oversaw the financing, underwriting, renovations, lease-up and stabilization of the portfolio. In addition, he has also funded other commercial development projects and master planned communities such as Hideout Canyon near park city, the Ledges phase 1&2 in Saint George, and a $117M distressed 6,220 unit multifamily portfolio in Texas. In 2010-2013 Mr. Smock acquired, renovated and sold over 140 residential REO’s in Nevada, Arizona, Utah and Indiana totaling $26Million.
In addition to these projects, Mr. Smock has developed & funded multiple residential and commercial office developments while providing short-term and long-term bank financing with Nation West Capital for multiple development projects in Arizona, Idaho, Nevada and Utah, with total funding over $260M. Mr. Smock has been involved with Real Estate Investment Securities Association (now ADISA), ICSCRECON, Urban Land Institute (ULI), Real Estate Investment Association (REIA), HBA (AZ, UT, NV, ID), Economic Development Association (EDA), National Bankers Association (NB), MLA, and has a AA & BA from BYU and UVU. Mr. Smock is also a certified underwriter and has participated in multiple development counsels, boards and loan committees.
On This Episode:
Matt shares about his early experiences doing lending.Sam and Matt discuss their favorite areas to invest in Utah currently.Learn how lending has changed since 2008.Hear what younger people spend way too much money on.
Key Takeaways:
Don’t bank on the market staying good forever.The best deals you do are the ones you don’t do.Rule #1 is don’t lose money. Rule #2 is don’t lose money.

Matt Smock:
http://www.zenithpartners.org/

Mr. Smock has held multiple positions as Managing Director, Regional Manager, and RVP. He has also raised multiple short-term loan funds from 2002-2007, an opportunity & value-add fund from 2007-2015 to pursue broken projects, NPL’s & REO’s, along with large non-performing portfolios in the Western US MSA’s, while managing multiple value-add projects for two family offices in Europe.
Mr. Smock has been involved with the acquisition and development of Traverse Mountain; one of the largest Master Planned Communities in Utah. He acquired the master-note in 2010 through a participation agreement with Far West Bank (AWB). Mr. Smock took possession of the development with his partners, raised the capital through family offices and HNW investors, while redesigning and re-platting the residential communities, commercial & retail site plan, along with redesigning the multifamily sites. He also improved and re-engineered the site, provided the LIDAR mapping, architectural and issued an approved site plan to Lehi City for 1.5M SF of class A office and 300,000SF of Retail on the 120Acre commercial parcel, while securing multiple retail leases. In addition, he secured & leased 216,000SF of class A office building to the first national credit tenant Xactware-Verisk Analytics, while preparing for additional leasing opportunities with additional tech firms for building two. It is anticipated that the total build-out value of the project is estimated at $1.2Billion.
Among other recent notable projects, Mr. Smock recently worked in Switzerland and France for two family office and a group of “UHNW club investors” to acquire, renovate and stabilize class A office, multifamily and student housing real estate projects totaling approximately 134M CHF. Mr. Smock oversaw the financing, underwriting, renovations, lease-up and stabilization of the portfolio. In addition, he has also funded other commercial development projects and master planned communities such as Hideout Canyon near park city, the Ledges phase 1&2 in Saint George, and a $117M distressed 6,220 unit multifamily portfolio in Texas. In 2010-2013 Mr. Smock acquired, renovated and sold over 140 residential REO’s in Nevada, Arizona, Utah and Indiana totaling $26Million.
In addition to these projects, Mr. Smock has developed & funded multiple residential and commercial office developments while providing short-term and long-term bank financing with Nation West Capital for multiple development projects in Arizona, Idaho, Nevada and Utah, with total funding over $260M. Mr. Smock has been involved with Real Estate Investment Securities Association (now ADISA), ICSCRECON, Urban Land Institute (ULI), Real Estate Investment Association (REIA), HBA (AZ, UT, NV, ID), Economic Development Association (EDA), National Bankers Association (NB), MLA, and has a AA & BA from BYU and UVU. Mr. Smock is also a certified underwriter and has participated in multiple development counsels, boards and loan committees.
On This Episode:
Matt shares about his early experiences doing lending.Sam and Matt discuss their favorite areas to invest in Utah currently.Learn how lending has changed since 2008.Hear what younger people spend way too much money on.
Key Takeaways:
Don’t bank on the market staying good forever.The best deals you do are the ones you don’t do.Rule #1 is don’t lose money. Rule #2 is don’t lose money.

Matt Smock:
http://www.zenithpartners.org/

40 min