Investing in Land Development with D’Arcy McConvey

Everyday Investor with Rav Toor

English - February 22, 2020 16:30 - 21 minutes - 14.8 MB - ★★★★★ - 2 ratings
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Previous Episode: Investing in Vacation Rentals with Carmen Campagnaro

Next Episode: Investing in Self Storage with Mathew Frederick

Nicole Edmonds is back once again to host today’s episode in Rav’s absence, and she welcomes D’Arcy McConvey, the Director of Capital Markets at Greybrook Realty Partners, for a discussion about how to make money by investing in land development.

Episode Highlights:

How investing in land development works with Greybrook Realty Partners
Some of Greybrook’s other investment strategies
A case study of a land development investment
How this strategy benefits developers
Some of the potential risks with this strategy

Quotes:

“We’re a private equity group, so we have a large base of investors.”

“Effectively, it’s an opportunity for an individual investor to invest in very large scale development, and share in the returns that this type of development generates.”

“We’re not just a capital source, but we’re a working and operating partner alongside our partners.”

“As an investor, you get to pick the project.”

“We kind of always target a return…to double an investor’s investment in 5 years or less.”

“Development of this scale is a very, very large market.”

“We open up an asset class…to many…smaller scale investors.”

“Super passive for the investor, very active for Greybrook.”

“Ultimately, the responsibility of the investor is just to collect a cheque on completion.”

“We don’t take what’s called ‘entitlement risks’.”

“All of the projects are Registered Plan eligible.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/