Judd Dunning is a third-generation real estate professional. He sold insurance when he was in college and got scouted off the street to act as a model and then ended up in a soap opera that brought him to Los Angeles. This is where his experience in commercial real estate started.
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He became an investment institutional adviser throughout the United States and after some time he became the managing director of capital markets for Newmark’s West LA office. A few years later, he opened DWG Capital Partners and has done about a billion dollars of real estate. Because of his excellent service to his clients, a lot of great opportunities opened up for him. Then he came to a point where he wanted to create wealth not just for the institutions but for his family and friends as well, so he left the brokerage business and became a syndicator. Now, he has also added a virtual store fund called Posidon to his portfolio which he shares with his investors as an alternative source of income.
Key Points From This Episode:
- Judd Dunning came from a family with a background in real estate.
- His desire to hustle in order to provide excellent service to his clients opened up more opportunities for him to expand his portfolio.
- He moved from being a broker to syndicator.
- He believes that 80% of the money in the US is partnered.
- Judd says, if you have a great asset, the money, the sale will come – just get a great asset.
- There’s a misconception that the broker in your area is the best broker because he knows the area. Brokers with a good understanding of capital markets and the breadth of money are more important than those who just understand the asset class.
- While thriving in his real estate syndication, Judd also added a virtual store fund called Posidon to his portfolio.
- What are the pros and cons of virtual stores?
- What’s the number one thing that has contributed to his success?
- How does he like to give back?
“So your broker, understanding capital markets and understanding the breadth of money, I think is more important than just understanding the asset class.” [0:09:01.0]
“One of the things about sale lease backs that people don’t realize versus multifamily is that a lot of loans are non-recourse in multi-family ’cause these assets have a certain strength of resilience by a force which is called the housing market in demand.” [0:13:02.0]
“In industrial sale lease backs, we’re leaving the sector of S and P, we’re coming to American businesses.” [0:13:31.0]
“If you have relied on the government in your business, your personal life, whatever, wean off early. Keep your expenses low. Build your reserves up and keep investing in good American properties.” [0:28:01.00]
Links Mentioned in Today’s Episode:
About Judd Dunning
Judd Dunning, a third-generation real estate professional, is both president of DWG Capital Group and the DWG Capital Partners.
After 18 successful years of institutional brokerage within the nation’s top real estate firms, Mr. Dunning has executed over 1B+ of transactions and closed hundreds of millions in debt and equity placement. Judd launched DWG Capital Group after exiting the institutional arena as the former West Los Angeles Senior Managing Director of Capital Markets at Newmark Knight Frank Capital Group. Apartment Realty Advisors Judd was also just awarded the Los Angeles 2021 Costar Power Power award (as well as being a former Top Ten Producer, Career Excellence Award Winner) for having just sold the 165 Million dollar Sony Animation studios in West Los Angeles.
He also arranged the 130,000,000 debt/equity financing for the La Paz Development in Malibu; he also presently has $140,000,000 of market capital raises and sales on his brokerage books.
Judd has traded 10,000 apartment units, myriads of JVs Numerous NNN and Shopping Center, new apartment development sales, creative office conversions, office, industrial, and development dispositions and loves all things real estate and being a force of creating wealth (which he believes is a God-given obligation and constitutional right) for others.
As a syndicator, Judd is now closing a 9,00,0000 NNN Industrial mixed-use site this coming Friday and another 5M in the following month; These are his 6th and 7th investment offering closing over the last 18 months, DWG Capital Partners is Judd’s commercial real estate partnered investment platform his DWG Capital Group with a core investment focus offering both accredited and nonaccredited investors essential Industrial ( and some office and retail ) NNN sales backs ( as well as the occasional high yielding green or eCommerce business investment) His greatest passions are his family, his faith, the arts, politics, philosophy and traveling for board sports.
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