057: How to Buy a 200+ Unit Apartment Complex
Clive Davis
What you’ll learn in this episode:
the advantages of investing in a multi compared to single-family
becoming an equity investor
how to qualify as an accredited investor
BIO
The owner or General Partner:
• Citylights at Queens Landing, Long Island City, NY (1997 - present)• Reserve at 2070 (244 units), Atlanta, GA (November 2021 - present)• Bridgewater at Mt. Zion (200 units), Atlanta, GA (February 2022 - present) Commercial Real Estate Investments Since 2017: • Turk & Leavonworth 231 micro-unit development in San Francisco, CA • Elmwood Row 13-unit development in Los Angeles, CA• Elm 38 unit, Downey, CA• Broadcast Apartments, 144 unit redevelopment in Washington, D.C.
• Rainbow Forest Apartments, 156 units, Decatur, GA
• Hotel Portfolio of three (3) Marriott - Fairfield Inn & Suites, 317 keys, Metro Atlanta, GA
• MG Capital Fund IV, acquiring ~100 un-levered corporate leased residences, New York, NY • St. Elmo Apartments, 387-unit development, Austin, TX
• Urbana, 204-unit residence, San Antonio, TX Professional Business Experience & Education: Four years as a corporate transactional lawyer in Banking, Real Estate, M&A and Securities with a global Wall Street law firm, headquartered in NY, NY, with assignments in Menlo Park, CA and Hong Kong, China. Six years of In-house counsel experience with a global pharmaceutical company, headquartered in New York. Nine years in Atlanta as a Chief Compliance Officer of a Belgian biopharmaceutical company. Clive holds a Juris Doctorate from the Columbia University School of Law and is admitted to practice in New Jersey, New York, and before the Court of International Trade. He holds a M.A. from SUNY at Albany and a B.A., with high honors, Rutgers University. Brad Sumrok Personal Mentoring Student (November 2018)
Brad, the 2012 National Apartment Association Independent Rental Owner of the Year, is currently the owner of 6,000+ multi-family units. His personal students have acquired over $1B in apartments.