Advertise on podcast: The Multifamily Wealth Podcast

In this episode, Axel sits down once again with Ryan Corcoran of Specialized Property Group — a New England investor doing 60 to 80 deals per year across Massachusetts, Rhode Island, and New Hampshire through a relentless focus on direct-to-seller marketing. Ryan started out building a multifamily portfolio the traditional way, but pivoted to a high-volume transactional model when rates rose in 2022 — and hasn't looked back since. The conversation is one of the most tactical deep dives into off-market deal sourcing the podcast has ever featured. Ryan breaks down exactly how he builds motivated seller lists from public court records, why handwritten white letters outperform polished postcards, and how his team uses a CRM to automate follow-up for years at a time.  This is a must-listen for any investor who wants to go direct to seller, build a sustainable deal-finding machine, and understand what it actually takes to operate at volume in today's market. Join us as we dive into: The evolution of SPG from a buy-and-hold multifamily portfolio to a 60–80 deal per year transactional operationThe three pillars of real estate investing — acquisitions, financing, and operations; and why finding the deal is the engine that drives everything elseWhy triggering-event lists (evictions, probate, divorce) require fewer touches than generic absentee owner lists — and how to find sellers who are already ready to moveThe anatomy of a winning direct mail piece: white letters, handwritten envelopes, first-name personalization, and a local, approachable toneHow to think about the Massachusetts market: why central Mass and New Hampshire behave similarly, while Greater Boston is a completely different ball gameRyan's honest take on multifamily in the current rate environment and why he's not advocating buy-and-hold at today's prices unless the deal is exceptionalWhy flipping and wholesaling at current rates may generate more wealth faster than traditional BRRRR strategiesPrevious Episodes: Ep239 - Direct-to-seller marketing for multifamily deals.. Ep159 - Using direct mail to buy hundreds of units.. Connect with Ryan: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Specialized Property Group Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this debut episode of the podcast's new deal breakdown segment, Axel sits down with Sean LeBlanc of Mammoth Properties to dissect one of the most compelling deals they've done together — a 23-unit, three-property portfolio in New Hampshire that returned nearly all investor capital within 14 months, while still leaving two cash-flowing buildings on the books with solid long-term debt. Sean walks through the full lifecycle of the deal: how it was sourced off-market through a residential agent, how the joint venture was structured, the rough value-add conditions they inherited, what went better than expected (rents in Manchester), what went worse (the Farmington property), and how the decision to sell one building early unlocked a home run outcome for all investors involved. This episode is a masterclass in deal flexibility, portfolio loan structuring, and why scattered-site portfolios remain one of the last great opportunities to buy at a real discount in today's market. Join us as we dive into: How a 23-unit, three-property portfolio in New Hampshire was sourced entirely off-market through a residential agent relationshipHow Axel and Sean structured a simple joint venture to take down a deal that was at the ceiling of Sean's deal size at the timeThe value-add playbook: tackle vacant units first, assess inherited tenants for reliability, renovate quickly, and phase in rent increasesHow the Manchester properties outperformed projected rents — underwriting 3-beds at $1,800, achieving $2,100 on fully renovated downtown unitsThe decision to sell the Farmington property after one year: sale price of $1,210,000, net proceeds of $505,337 — nearly recovering the full $555,000 of invested equityHow a subsequent refinance of the remaining two Manchester buildings generated an additional $242,000 in proceeds, bringing total cash returned to $748,000 on $555,000 investedWhy partial release language in a portfolio loan is the single most important thing to negotiate before you closeWhy scattered-site portfolios remain one of the best places to find below-market deals — and why the big institutional buyers largely ignore themConnect with Sean LeBlanc: Follow him on Instagram Learn more about Mammoth Properties Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this episode, Axel records the first-ever live, in-studio episode of the Multifamily Wealth Podcast alongside good friend and fellow Southern New Hampshire investor Sean LeBlanc of Mammoth Properties. Sean runs a vertically integrated operation managing 262 units and roughly $60M in assets — and brings a uniquely hands-on, operator-first perspective to every aspect of buying and running multifamily real estate. The conversation covers Sean's journey from mortgage broker to full-time operator, the philosophical and practical differences between operator-first investors and spreadsheet-first investors, and how building a world-class in-house management team creates a genuine competitive edge when pursuing deals. Sean and Axel also get into the tactical mechanics of executing a value-add business plan — from what happens on day one post-close to how to sequence exterior improvements, rent increases, and tenant communication to maximize results. This episode is essential listening for operators who want to understand how in-house management creates acquisition advantages, and for investors at any stage who want a real, unfiltered look at what building a sustainable multifamily business actually requires. Join us as we dive into: How Sean built Mammoth Properties by selling his best-performing asset, parking $250K into an operating account, and hiring top-down from day oneThe "grow or die" phase every serious operator goes through early on — and why some risk-taking early in your career is necessaryThe operator-first vs. spreadsheet-first investor divide — and why Sean views every acquisition through a management lensWhy hiring a high-level COO (Troy) before hiring anyone else unlocked the foundation for long-term portfolio growthHow vertical integration — owning cleaning contracts, maintenance, and renovations under Mammoth — creates certainty in underwriting that third-party operators simply can't matchThe sequencing strategy for value-add takeovers: big exterior improvements first, phased rent increases over the first six months, and targeting bad-apple tenants earlyWhy common area renovations early in a heavy value-add can backfire — and what to focus on insteadThe role of goodwill and reputation in long-term vacancy performance — and why spending money that doesn't pencil on paper often pays off in the P&LCurrent challenges: market paranoia, the political climate around rent control, and the difficulty of making clean acquisition decisions as a more established operatorWhy New Hampshire remains one of the most compelling multifamily markets in New England — and what the Massachusetts rent control vote in November could signal Connect with Sean LeBlanc: Follow him on Instagram Learn more about Mammoth Properties Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this solo episode, Axel breaks down one of the most overlooked calculations in multifamily underwriting — what your vacancy rate assumption actually means in practice. Most investors pick a flat vacancy figure (4%, 5%, 6%) without ever connecting it back to the two operational metrics that actually drive it: renewal rate and time to turn and re-lease a unit. Axel walks through a series of clear, back-of-the-napkin scenarios using a 10-unit building as a baseline, showing exactly how different combinations of renewal rates (40%, 50%, 60%) and turn timelines (3, 4, and 5 weeks) translate into specific annual vacancy figures. The math is accessible, the takeaways are immediately actionable, and the framework applies whether you're buying your first duplex or managing a 100-unit portfolio. This episode is essential listening for any investor who underwrites deals, manages their own properties, or works with a property manager — and wants to hold their operations to a higher, more data-driven standard. Join us as we dive into: Why most multifamily investors use a vacancy assumption without understanding what operationally drives itThe two key variables that determine your actual annual vacancy: renewal rate and time to turn and re-leaseA breakdown of three renewal rate scenarios (60%, 50%, 40%) at a fixed 4-week turn time — and what each translates to in annual occupancyA breakdown of three turn-time scenarios (3, 4, and 5 weeks) at a fixed 50% renewal rate — and how each shifts your occupancy figureWhy that 4% gap between best and worst case is the difference that makes or breaks a dealHow to arrive at the classic 5% vacancy assumption — and what it tells you about your operationsWhy controlling revenue through renewals and fast lease-up is 80–85% of successful asset management in multifamilyHow unit type (larger bedroom count vs. studios and 1-beds) influences average renewal rates and should inform your underwriting assumptions Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this episode, Axel welcomes back Peter Lohmann of RL Property Management for his third appearance on the podcast for another tactical episode. Peter actively operates a 750-unit property management company out of Columbus, Ohio, and brings a systems-thinker's perspective (rooted in his background as an electrical engineer) to everything from lease renewals to AI adoption. Peter and Axel’s discussion dive into maximizing renewal rates, why the move-in experience is the single greatest predictor of whether a tenant renews, and how to think about offering flexible lease terms to optimize your leasing cycle. From there, the conversation shifts to artificial intelligence — not the hype, but the practical framework for deciding where AI actually belongs in your business. Peter shares a live example of using AI agents to generate property management leads by monitoring competitor listings in real time. Peter also shares three PM industry trends he's watching closely for the rest of 2026, including how AI search is replacing Google for property manager discovery — and why that should be on every PM business owner's radar now. This episode is essential listening for property managers, asset managers, and multifamily investors who want actionable frameworks for renewals, AI adoption, and staying ahead of where the industry is heading. Join us as we dive into: Peter's background as an electrical engineer turned property management company founder and how RL Property Management grew to 750 unitsThe Theory of Constraints framework — and why identifying your one bottleneck is more valuable than chasing every shiny AI toolRL Property Management's shift from a departmental org structure to a pod-hybrid model — and the early results from giving owners a single point of contactWhy renewal decisions are largely made within the first 72 hours of move-in, and how the "No Meld 90" philosophy drives renewal ratesThe role of hotel-clean standards, functional units, and seamless move-in experiences in long-term tenant retentionHow offering staggered and multi-year lease terms can optimize your leasing calendar and reduce winter vacancy exposureHow Peter is using AI agents (OpenClaw) to monitor competitor listings, identify stale rentals, and auto-build a prospecting list with owner contact infoThree 2026 PM trends: AI search replacing Google for PM discovery, the rise of community-based learning (like Crane), and what the 2026 PM Trends Report is revealing about how rental owners are finding property managersConnect with Peter Lohmann: • Crane – Private PM Owner Community → Join a private network of property management owners and operators: https://joincrane.co/ • Free Weekly Newsletter → Property management insights, strategies, and industry updates direct to your inbox: https://peter.beehiiv.com/subscribe • RL Property Management → Learn more about Peter’s company and services in Columbus, Ohio: https://rlpmg.com/ Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our

In this episode, Axel sits down with Gabe Bowling — founder of The Deal Room, active multifamily investor, and operator for a return appearance on the podcast. Gabe shares how he went from raising capital for Grant Cardone's funds to building his own 405-unit, $65M portfolio across Florida and Missouri, and what he's learned in the process of transitioning from third-party property management to running operations fully in-house. The conversation gets highly tactical, covering the real pain points of bringing management in-house, how it's changing the way Gabe underwrites and evaluates deals, and what the Florida multifamily market actually looks like right now — market by market. Axel and Gabe also spend significant time on practical advice for new investors looking to do their first deal or level up to their next one. This episode is a must-listen for operators looking to improve their operational infrastructure, understand the current Florida market, and get clear on the most efficient path to that first or next deal. Join us as we dive into: How Gabe went from Grant Cardone's investor relations team to operating a $65M multifamily portfolioThe co-sponsorship pathway: how partnering with experienced operators enabled Gabe to build his track recordWhy third-party property management underperformed and what pushed Gabe to bring management fully in-houseThe hard lessons from taking over a 68-unit deal and evicting 10% of residents in the first monthWhy tenant creditworthiness and existing application quality are now a top due diligence priorityHow bringing management in-house is opening up smaller deals (16–32 units) that previously didn't pencil with third-party feesA market-by-market breakdown of Florida: Tampa, Ocala, Daytona, St. Pete, Fort Lauderdale, Miami, and OrlandoWhy Gabe is bullish on late 2025 through 2026 as a strong entry window for multifamily acquisitionsPractical advice for new investors: start in your backyard, focus on 5–30 units, and build 1–2 capital relationships before you need themGabe's previous episode: https://www.buzzsprout.com/2233723/episodes/14897814 Connect with Gabe: Follow him on Instagram (@multifamily) Watch on YouTube (search "Gabe Bowling" or "The Deal Room") Visit The Deal Room at thedealroom.io Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this solo episode, Axel reflects on the 10-year anniversary of his very first real estate deal, a 3-unit property he found on Craigslist back in March 2016 and extracts four powerful lessons from that experience. While the deal didn't go as planned, the education it delivered shaped every successful investment that followed. Axel also walks through the specific challenges that deal presented: private utilities, financing complications, the realities of self-managing as a first-time investor, and the emotional difficulty of embracing uncertainty. He frames each setback as a teachable moment that applies whether you're buying your first duplex or scaling to 100+ units. This episode is designed to help both new and experienced investors think more strategically about exit liquidity, debt structure, professional leverage, and the mindset required to grow through uncertainty. Join us as we dive into: Why Axel's first deal — a 3-unit FSBO found on Craigslist — didn't go as plannedThe hidden liquidity trap of private utilities (dug wells, undersized septics) and how they shrink your buyer poolWhy you must understand your takeout financing before you close — especially with private or bridge debtThe real cost of self-managing too early and why hiring a property manager on deal one can actually accelerate your learningHow to embrace learning on the fly without letting perfectionism delay your first (or next big) moveWhy even a "bad" first deal can be the foundation for everything that follows Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this Q&A episode, Axel answers two timely listener questions that are becoming increasingly relevant for multifamily investors in 2026: when it actually makes sense to bring property management in-house and how artificial intelligence is changing where investors can (and can’t) maintain a competitive edge. On the operations side, Axel breaks down the realities of vertical integration, why scale and local presence matter, the foundational hires you should prioritize, and the systems required to avoid turning in-house management into a costly distraction. On the technology side, he explains how AI is rapidly commoditizing underwriting, research, and analysis. As access to data and decision tools becomes universal, investors will need to shift their focus toward execution, operational excellence, and relationship-driven deal flow. This episode is designed to help operators think strategically about where to invest their time, where their real edge will come from, and how to build a business that stays competitive as technology accelerates. Join us as we dive into: When it actually makes sense to bring property management in-houseWhy scale (and local presence) matter before vertical integrationThe foundational hires to prioritize when building an internal teamThe operational infrastructure and software needed to scale successfullyWhy most investors underestimate the complexity of self-managementHow AI is already commoditizing underwriting and researchWhat types of work AI will automate in the near futureWhere your competitive advantage will come from going forwardWhy operational execution and relationships will matter more than ever NH Multifamily Fund III Details: Link to the recording for the NH Multifamily Fund III Access the NH Multifamily Fund III deal room Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.

In this episode, Axel is joined by longtime friend, business partner, and co-sponsor TJ Burns of Burns Capital Partners to break down one of the biggest developments in AI since the launch of ChatGPT: the release of OpenClaw. The conversation explores how AI is moving beyond simple prompt-based tools into true agentic systems capable of operating autonomously inside a business. TJ explains what makes OpenClaw different from traditional large language models like ChatGPT and Claude, why this development matters for real estate operators, and how investors can prepare for what’s coming without getting distracted by hype. They also dive into how AI adoption intersects with capital raising, LP transparency, and operational leverage and why the sponsors who embrace these tools intelligently will gain a long-term edge. Be sure to pay attention to this episode so you can gain practical positioning: how to stay ahead of the curve without abandoning focus on your core business. Join us as we dive into: The difference between traditional LLMs and true AI agentsWhy OpenClaw represents a major shift in AI capabilityHow AI agents can begin replacing computer-based rolesWhy most non-technical operators shouldn’t rush to adopt open-source toolsHow to prepare your business for AI without being distracted by hypeWhy context and documentation are the key to future AI leverageReal-world use cases in lending, underwriting, and SDR workflowsHow capital raising has evolved in a more crowded sponsor landscapeWhy transparency and authenticity matter more than ever for LPs NH Multifamily Fund III Details: Link to the recording for the NH Multifamily Fund III Access the NH Multifamily Fund III deal room Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with TJ: Follow him on Instagram Connect with him on Linkedin Learn more about Burns Capital Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.

In this solo episode, Axel breaks down a simple but highly effective 3-step framework his team uses to get sellers to accept more offers, without being the highest bidder. Rather than focusing purely on price, Axel explains how clarity, credibility, and execution certainty often matter more to sellers than squeezing out an extra few dollars per unit. He walks through how small adjustments in communication, timing, and offer structure can dramatically increase acceptance rates, especially in today’s more efficient market. Axel also shares an update on the final capital raise for NH Multifamily Fund III, outlining what the fund targets, how it’s structured, and who it’s best suited for as the team prepares to deploy capital in 2026. (See below links to learn more!) This episode is designed for operators who want more deals under contract and investors who want insight into how capital is being positioned going forward. Join us as we dive into: Why sellers care more about certainty than headline pricingThe 3-step process Axel uses to improve offer acceptance ratesHow positioning yourself as an “easy buyer” changes negotiationsWhy speed and clarity can outweigh aggressive termsHow to communicate credibility without overcomplicating offersCommon mistakes investors make when submitting offersHow today’s market rewards operators who execute cleanlyAn overview of NH Multifamily Fund IIIWhat types of deals the fund is targetingWhy this is the final close for the current fundAre you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. NH Multifamily Fund III Details: Register for the NH Multifamily Fund III webinar tonight (2/10) Access the NH Multifamily Fund III deal room Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this solo Q&A episode, Axel answers listener-submitted questions covering three core pillars of successful multifamily investing: asset management execution, deal sourcing, and construction cost estimation. Axel breaks down how his team actually operates day-to-day: what gets reviewed on asset management calls, how CapEx decisions are prioritized post-close, and how renovation budgets are underwritten quickly and consistently across deals. This episode is designed for investors who want repeatable processes, not theory. Whether you’re self-managing a small portfolio or overseeing third-party managers on larger assets, the frameworks shared here are immediately applicable. Join us as we dive into: How Axel structures weekly and bi-weekly asset management callsWhy the first 30–90 days after closing matter more than most investors realizeHow front-loading CapEx impacts tenant retention and long-term NOIWhen it makes sense not to renovate common areasHow often financials should be reviewed and what to look forA simple framework for estimating renovation costs by square footTypical light, medium, and heavy value-add renovation rangesHow property managers help validate construction budgetsThe acquisition channels Axel is actively using todayWhy being “easy to work with” still matters when sourcing dealsAre you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this episode of the Multifamily Wealth Podcast, we sit down with Spencer Hilligoss of Madison Investing, for a tactical and transparent conversation on how passive investors should evaluate deals, vet sponsors, and position their portfolios for 2026. Spencer brings a rare dual perspective, having personally invested across dozens of passive deals and raised capital from multiple LPs. Together, Axel and Spencer break down what has changed in the last few years, where many investors went wrong, and what actually matters when building long-term wealth through multifamily and alternative assets. The conversation focuses on frameworks, capital stack awareness, downside protection, and relationship-driven capital formation—all especially critical in today’s post-2022 market environment. If you’re a passive investor trying to invest smarter or a sponsor looking to raise capital the right way, this episode offers practical, hard-earned insight from both sides of the table. Join us as we dive into: Spencer’s journey from tech leadership into passive real estate investingWhy owning rentals with property management is still not truly passiveThe 5-point framework Spencer uses to evaluate sponsors and dealsWhy strong track records from 2020–2022 can be misleadingThe importance of understanding debt, capital stacks, and preferred equityWhy many investors misunderstand whether they’re investing for cash flow or growthHow Spencer organically built an LP base through trust and relationshipsWhat types of deals and structures are most attractive heading into 2026Why conservative projections often outperform aggressive underwriting Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. NH Multifamily Fund III Details: Download The OM For The NH Multifamily Fund III Access The Deal Room For The NH Multifamily Fund III Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Spencer: Follow him on Instagram Connect with him on Linkedin Learn more about Madison Investing

In this solo episode, Axel breaks down three specific pieces of news and data that are directly informing how his team is thinking about multifamily investing decisions in 2026. Axel also explains why increased single-family home sales can actually be a positive signal for rental demand, why nationwide rent declines, even in historically strong markets are changing underwriting assumptions, and why investors must now treat political and regulatory risk as a core part of market selection. If you’re planning acquisitions, evaluating risk, or adjusting operations heading into 2026, this episode provides a practical framework for how to interpret today’s data—and what to do with it. Join us as we dive into: Why higher single-family home sales can actually support rental demandWhat this tells us about supply, demand, and realistic rent growth assumptions.How legislative and political risk is becoming unavoidable in market selectionWhy private property rights should now be treated like any other core investment metricWhy more people moving and transacting is often a sign of housing market health. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. NH Multifamily Fund III Details: Download The OM For The NH Multifamily Fund III Access The Deal Room For The NH Multifamily Fund III Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners

In this episode, Axel sits down with Steeve Breton, Founder of Velocity Capital Partners, to break down what long-term multifamily investors need to understand about partner selection, transparency with investors, and the growing role of preferred equity and structured capital in today’s market. Steeve shares his journey from buying small duplexes in New England to sponsoring and investing in 25+ large multifamily and development deals across the U.S. The conversation dives deep into how partnerships evolve over time, what can go wrong when alignment breaks down, and why control and transparency have become non-negotiables in today’s environment. The episode also includes an in-depth, tactical discussion on preferred equity and structured equity, including when it makes sense for sponsors, how it protects LPs, and how it’s being used to solve real capital stack challenges in a tougher fundraising market. If you’re a sponsor navigating partnerships, raising capital in today’s environment, or considering preferred equity as part of your deal structure, this episode is packed with real-world insight. Join us as we dive into: Steeve’s path from small local rentals to large-scale multifamily investingWhy partner quality matters more than market selectionHard-earned lessons from partnerships that didn’t work outHow to properly vet partners (including background checks and gut instincts)Why radical transparency is becoming essential for raising capitalHow preferred equity and structured equity actually workThe role preferred equity plays in protecting LPs during stressed periodsWhen preferred equity makes sense for sponsors — and when it doesn’tMarket conditions and deal types Steeve is avoiding todayHow today’s supply dynamics are impacting underwriting and risk assessment Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. NH Multifamily Fund III Details: Download The OM For The NH Multifamily Fund III Access The Deal Room For The NH Multifamily Fund III Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners Connect with Steeve: Connect with him on Linkedin Learn more about Velocity Capital Partners

In this final episode of 2025, Axel shares eight forward-looking predictions and trends that multifamily investors need to be aware of as we head into 2026. Moving beyond the generic predictions found in major publications, Axel focuses on the data-driven reality of the 2026 market. This isn't about following optimistic forecasts; it’s about mapping a strategy based on the actual trends and ground-level shifts we are seeing as 2025 draws to a close. These insights aren't coming from a crystal ball, but from the practical realities we are actively using to shape our own investment strategy for the year ahead. If you’re planning acquisitions, dispositions, or operational changes in 2026, this episode provides a practical framework for adjusting expectations and positioning your business accordingly. The 8 Predictions Covered in This Episode #1: Real estate is becoming a highly politicized asset class #2: C-class valuations will struggle to rebound #3: Light value-add becomes the new standard #4: The property management divide will explode #5: The market trades more efficiently (especially for smaller assets) #6: Price beats amenities in B/C class assets #7: The homeownership gap widens #8: Multifamily valuations stay flat The investors who understand these shifts and position accordingly will be the ones who generate returns in 2026. The ones who keep underwriting (and more importantly, operating assets) like it's 2022-2025 are going to struggle. Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities. NH Multifamily Fund III Details: Download The OM For The NH Multifamily Fund III Access The Deal Room For The NH Multifamily Fund III Connect with Axel: Follow him on Instagram Connect with him on Linkedin Subscribe to our YouTube channel Learn more about Aligned Real Estate Partners