When to Pivot Strategies in Commercial Real Estate with Chris Finlay, Ep. 548

Multifamily Insights

English - October 17, 2023 10:00 - 38 minutes - 88.4 MB - ★★★★★ - 207 ratings
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Previous Episode: Building a Website that Converts with Peter Guirguis, Ep. 547

Next Episode: Missiles, Multifamily, and Mistakes with Anthony Winston III, Ep. 549

Chris Finlay is the CEO and CIO of Lloyd Jones LLC. His journey began in the early 1970s when, in tandem with his father-in-law, he ventured into an avocado grove, even while he soared the skies as a pilot for Eastern Airlines for a remarkable 16-year stretch. As his entrepreneurial spirit took flight, Chris transitioned into the multifaceted world of real estate, leaving an indelible mark on the industry.

A pioneer in commercial brokerage, Chris Finlay revolutionized the industry with his "white shirt and tie" ethos at the helm of the Finlay companies. This catapulted the firm to become one of New England's largest real estate organizations. With divisions in appraisal, property management, and an esteemed educational arm, Finlay's legacy continues to shape the trajectory of real estate professionals today.

In this episode, we talked to Chris about market dynamics, strategic planning for pivoting when the market changes, why they now focus on senior housing, and much more.

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Multifamily and Senior Housing;

02:23 Chris’ background;

04:46 A high-level perspective on the market;

11:44 Planning the timeframe;

13:57 Transition into senior housing;

16:28 Types of senior housing;

23:12 Identifying the correct location;

29:45 Round of insights

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Round of Insights

Apparent Failure: An unexpected historical renovation that resulted in a loss.

Digital Resource: The free data provided by major brokerage firms and their websites.

Most Recommended Book: Billionaires' Row

Daily Habit: Getting up early and thinking about goals and accomplishments.

#1 Insight for Building an effective and powerful website: Having a proper operating platform for managing assets.

Best Place to Grab a Bite: Terry Black’s BBQ

Contact Chris:

https://www.lloydjonesllc.com/

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.