How to go from having $100 million assets under management to $3.5 billion in five years? No better to speak about this than Kip Sowden of RREAF Holdings. Kip was able to scale his business fast with a team that started from 15 people to now over 400.
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Kip starts by detailing the scale of his real estate business with $3.5 billion assets under management. He has been active in sales of more than 12 million square feet of commercial real estate and over 36,000 apartment units throughout the United States. He shares that his business grew by embracing the opportunities in housing and hospitality for Americans. He also talks about his business being vertically integrated and how it enables them to have more control and efficiency. Tune in now and be inspired by Kip’s story!
Key Points From This Episode:
- Kip details the scale of his real estate business with $3.5 billion assets under management.
- How did Kip achieve having billions in assets in five divisions in the span of five years?
- Kip’s advice on how to be successful in the real estate industry: don’t do the same mistakes twice!
- Who are Kip’s crucial hires as he grows his business?
- Kip details how they vertically integrated their business and how it enables them to have more control and efficiency.
- What were the challenges Kip faced during the pandemic and how did they overcome those?
- Kip talks about the challenges of scaling his business.
- Kip’s prediction of the real estate market over the next six to twelve months.
- The daily habits that helped Kip achieve success.
- What’s next for RREAF Holdings?
- What’s the one thing that contributed to Kip’s success?
- How does Kip like to give back?
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“We have focused our efforts on providing housing and vacations for middle America. And we established ourselves in the tertiary and secondary markets before it was the “it” place to be if you will. We really pursued the opportunistic side on the multifamily side.” [0:06:25]
“I think what we do best is we don’t do the same mistakes twice and we try to move in a direction in real estate that is more recession-resilient.” [0:08:22]
“It (being vertically integrated) helps us execute not only more efficiently but better.” [0:12:33]
“In that 35 years, it is (about) learning and figuring out how to do something better than everybody else’s doing.” [0:16:55]
Links Mentioned in Today’s Episode:
About Kip Sowden
Mr. Sowden has over 34 years of experience in commercial real estate with a strong background in real estate brokerage and mortgage banking, acquisition, development, and asset management. He has been active in sales of more than 12 million square feet of commercial real estate and over 36,000 apartment units throughout the United States.
Mr. Sowden has also been involved in the financing of over $2.5 Billion in commercial real estate loans. He has brokered the sale of over $4.5 billion in commercial real estate transactions on behalf of some of the largest institutional owners in the United States. Mr. Sowden has acquired, developed, and renovated over 1.5 billion in commercial real estate to include retail, office, multi-family, and hospitality throughout the Southwestern and the Southeastern United States.
Mr. Sowden is responsible for the overall direction of RREAF Holdings and RREAF’s subsidiary companies including strategic planning for all growth areas of the Company to include but not be limited to, its development, acquisitions, property, and asset management programs as well as the development and implementation of commercial real estate funds.
Mr. Sowden graduated in 1985 with a degree in Economics from the University of Texas at Austin. Mr. Sowden served more than 10 years on The Chancellor’s Council Executive Committee at The University of Texas at Austin. He has maintained an active Texas Real Estate Brokers License for the past 25 years.
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