Luke shares his experiences, strategies, and ethical considerations, providing a comprehensive look at the challenges and opportunities in today's real estate market. This video is a must-watch for anyone interested in real estate investment, affordable housing solutions, and innovative business strategies.
Key Moments:
00:02 - Luke DeGrossi's introduction to real estate and focus on mobile home parks.
01:25 - DeGrossi's transition from a debt and equity shop in NYC to real estate entrepreneurship.
02:35 - The foundation of Pioneer Communities and its mission.
05:30 - Business direction shift due to new rent regulations.
07:07 - First significant investment in Savannah, Georgia.
10:23 - Business approach to park-owned versus tenant-owned homes.
13:18 - Insights into the management of mobile home parks.
16:04 - Effective management and division of responsibilities within the partnership.
20:28 - Goals and plans for internal operational growth.
21:06 - Ten-year vision for Pioneer Communities.
22:58 - Ethical management of affordable housing and rent.
28:38 - Methodology behind selecting potential mobile home park sites.
34:30 - The development of a pledge for commitment in real estate deals.
36:19 - Building and maintaining industry relationships and reputation.
38:52 - Future aspirations for developing new housing communities.
44:02 - Inspiration from innovative and impactful companies.
45:12 - Goals to address the affordable housing crisis in America.
Luke DeGrossi is a Co-Founder and Principal of @PioneerCommunities. As Chief Investment Officer, he is responsible for monitoring, maintaining, and reviewing Pioneer’s pipeline, as well as underwriting and modeling cash flows for potential acquisitions.
Prior to co-founding Pioneer, Luke worked at HKS Capital Partners, New York City’s premiere commercial finance brokerage. As an associate in their capital markets group, Luke was responsible for structuring debt and equity capital across a variety of commercial transactions spanning permanent financing, ground-up construction, bridge, mezzanine, and acquisition financing. Prior to HKS, Luke worked at RPM Development, New Jersey’s leading developer and operator of multifamily affordable housing.
About Us:
Webster Real Estate, established in 2018, is dedicated to providing investment opportunities that deliver long-term value and high returns for our investors.
Learn more about our approach to real estate investment at https://websterrealestate.com
Additional Content to Consider:
Sign up for the Webster Real Estate Newsletter! https://go.websterrealestate.com/connect
Explore real estate development best practices on the Webster Real Estate Insights blog: https://websterrealestate.com/insights/
Subscribe to our YouTube channel for more videos about real estate and development:
/ @websterrealestate
Explore real estate development best practices on the Webster Real Estate Insights blog: https://websterrealestate.com/insights/
Subscribe to our YouTube channel for more videos about real estate and development:
/ @websterrealestate
Explore real estate development best practices on the Webster Real Estate Insights blog: https://websterrealestate.com/insights/
Subscribe to our YouTube channel for more videos about real estate and development:
/ @websterrealestate
Luke shares his experiences, strategies, and ethical considerations, providing a comprehensive look at the challenges and opportunities in today's real estate market. This video is a must-watch for anyone interested in real estate investment, affordable housing solutions, and innovative business strategies.
Key Moments:
00:02 - Luke DeGrossi's introduction to real estate and focus on mobile home parks.
01:25 - DeGrossi's transition from a debt and equity shop in NYC to real estate entrepreneurship.
02:35 - The foundation of Pioneer Communities and its mission.
05:30 - Business direction shift due to new rent regulations.
07:07 - First significant investment in Savannah, Georgia.
10:23 - Business approach to park-owned versus tenant-owned homes.
13:18 - Insights into the management of mobile home parks.
16:04 - Effective management and division of responsibilities within the partnership.
20:28 - Goals and plans for internal operational growth.
21:06 - Ten-year vision for Pioneer Communities.
22:58 - Ethical management of affordable housing and rent.
28:38 - Methodology behind selecting potential mobile home park sites.
34:30 - The development of a pledge for commitment in real estate deals.
36:19 - Building and maintaining industry relationships and reputation.
38:52 - Future aspirations for developing new housing communities.
44:02 - Inspiration from innovative and impactful companies.
45:12 - Goals to address the affordable housing crisis in America.
Luke DeGrossi is a Co-Founder and Principal of @PioneerCommunities. As Chief Investment Officer, he is responsible for monitoring, maintaining, and reviewing Pioneer’s pipeline, as well as underwriting and modeling cash flows for potential acquisitions.
Prior to co-founding Pioneer, Luke worked at HKS Capital Partners, New York City’s premiere commercial finance brokerage. As an associate in their capital markets group, Luke was responsible for structuring debt and equity capital across a variety of commercial transactions spanning permanent financing, ground-up construction, bridge, mezzanine, and acquisition financing. Prior to HKS, Luke worked at RPM Development, New Jersey’s leading developer and operator of multifamily affordable housing.
About Us:
Webster Real Estate, established in 2018, is dedicated to providing investment opportunities that deliver long-term value and high returns for our investors.
Learn more about our approach to real estate investment at https://websterrealestate.com
Additional Content to Consider:
Sign up for the Webster Real Estate Newsletter! https://go.websterrealestate.com/connect
Explore real estate development best practices on the Webster Real Estate Insights blog: https://websterrealestate.com/insights/
Subscribe to our YouTube channel for more videos about real estate and development:
/ @websterrealestate
Explore real estate development best practices on the Webster Real Estate Insights blog: https://websterrealestate.com/insights/
Subscribe to our YouTube channel for more videos about real estate and development:
/ @websterrealestate
Explore real estate development best practices on the Webster Real Estate Insights blog: https://websterrealestate.com/insights/
Subscribe to our YouTube channel for more videos about real estate and development:
/ @websterrealestate