Property Profits Real Estate Podcast
Business:Investing
What you’ll learn in just 17 minutes from today’s episode:
Resources/Links:
Summary:
Agostino Pintus is a multi-family investor, syndicator, and entrepreneur with more than 15 years of experience in real estate. He currently oversees strategic partnerships, capital development, and platform development for Realty Dynamics Equity Partners, an investment firm specializing in multi-family acquisition and asset management services.
In this episode, Agostino talks about development deals and how he considers it the ‘next-level step’ though it is a riskier but more lucrative real estate investment. He also shares, how after spending time with multi-family properties, he is into one of his most significant development projects of converting more than a 100-year old The Rockefeller Building from an office building to a multi-family property.
Resources:
Topics Covered:
01:10 – Agostino’s transition from multi-family homes to development deals
03:59 – Is there a difference between a development deal from a redevelopment deal
08:09 – Taking an overview of how a development deal works with The Rockefeller Building
10:27 – How the parking lot would be like for the redevelopment of The Rockefeller Building
12:10 – The turnaround time for The Rockefeller building redevelopment
Key Takeaways:
“There is so much more aside from doing multifamily syndications. And another big aspect and I consider this as the next level stuff. Next level stuff is doing development.” – Agostino Pintus
“What you’re going to find with these development type projects is that they are far more lucrative and a little riskier.” – Agostino Pintus
Connect with Agostino Pintus:
Connect with Dave Dubeau:
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