Welcome back to another episode of your daily real estate syndication show. I’m your host, Whitney Sewell, and today we had the pleasure of catching up with Devin Elder, a respected figure in the real estate space. It’s been a couple of years since our last conversation, and there’s a lot to catch up on.
Devin shared an overview of his business, DJE, which has a significant presence in the Texas real estate market, primarily focusing on multifamily properties. Despite the challenges posed by the current economic climate, DJE has been actively pursuing acquisitions, including a 300-unit deal closing this week. Devin emphasized the importance of finding good basis deals and adapting to the high-interest-rate environment.
We discussed the necessity of being creative in times when traditional multifamily deals are scarce. Devin highlighted their pivot into land deals, which has proven to be a lucrative and enjoyable venture. By subdividing larger tracts of land and offering them to a different buyer pool, they’ve been able to maintain deal flow and provide investors with consistent opportunities.
Devin also touched on the structure of these land deals, explaining that they are set up as 506B debt offerings, allowing investors to earn a fixed return. This approach has been beneficial for both the company and the investors, offering flexibility and a variety of investment options.
The conversation also covered the importance of building and maintaining investor relationships, with referrals being the primary source of new investors. Devin shared insights into their marketing strategies and the value of having regular conversations with potential investors.
Lastly, we delved into DJE’s debt fund, which provides additional flexibility for the company to execute deals across various asset classes. Devin outlined the fund’s structure and the goal of keeping it sufficiently deployed to meet investor expectations.
For those interested in learning more about Devin and DJE’s strategies, visit djetexas.com. And don’t forget to like, subscribe, and share the Real Estate Syndication Show with friends interested in building wealth through real estate. Join us again tomorrow for more insights into the world of real estate syndication.
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About Devin Elder:
Devin Elder serves as the Founder & CEO of DJE Texas Management Group, a vertically integrated MFIN firm in San Antonio. With a strong track record dating back to 2012, Devin has successfully completed numerous projects, including full cycle MFINs. Additionally, he holds the position of principal in over 5,000 doors, showcasing his expertise beyond real estate. Devin is also an accomplished pilot, podcast host, and brokerage owner, adding to his diverse range of talents. Furthermore, he is the founder of the DJE Foundation, a non-profit organization dedicated to supporting disadvantaged children in Texas and the Philippines. With a background in sales and operations, Devin brings extensive knowledge and experience to his ventures.
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