Sep 11, 2023
Doug is a seasoned
real estate investor who KNOWS the State of Florida. Through his
firm, Shoreham Capital, Doug engages in building residential
properties to rent. He discusses how it is easier to reach critical
mass with build to rent as opposed to sourcing one-off deals and
spends a lot of time discussing the Florida market...where he likes
and what he looks for.
Key Discussion
Points
[01:20] Introduction
by Eric & Steven
[10:20] About our
guest: Doug Faron
[11:32] How did you
get into this side of the business? And what's your vision?
[14:30] Which areas
were you focusing on doing your "build to rent"?
[15:31] What led you
to focus on residential?
[21:05] What are you
seeing in the residential market with regard to rent / prices? And
where do you see the future headed?
[25:12] What market
conditions are you seeing in south Florida? What about with office
/ commercial?
[31:23] Re: the "build
to rent", when you develop, how do you determine your holding
period before you sell?
[35:43] Which areas of
Florida do you like? And what areas are you a little uncomfortable
with right now?
[37:19] Do you see any
reprieve on constructions costs?
[42:08] What is your
capital stack looking like right now?
[45:13] How can folks
reach you?
[47:30] What's the
cost per "door" for single and multifamily home?
[49:51] Closing
comments by Eric & Steven
About Our
Guest
Doug Faron is a
co-founder and managing partner at Shoreham Capital. He is a real
estate leader and skilled dealmaker specializing sourcing,
capitalizing, structuring, and executing debt and equity
transactions throughout the United States. Doug oversees all
aspects of his firm including the acquisition, capitalization,
development, and management of their projects.
Doug graduated from
Brown University with a dual concentration in international
relations and economics and received his MBA from Northwestern
University's Kellogg School of Management. He lives in Palm Beach,
Florida with his wife and two children.
GUEST CONTACT INFO
Email: doug@ShorehamCapital.com