Breaking Down a $70,000,000+ Deal to a Private Buyer with Richard Furr (Ep. 3)
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Breaking Down a $70,000,000+ Deal to a Private Buyer with Richard Furr (Ep. 3)
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I've got another special guest and interview with a dear friend and a deal talk that you won't want to miss. Richard Furr is an Executive Managing Director at Newmark and joined the Dallas investment brokerage team in 2011. During his 25 year career, he has been responsible for over $1 billion in multifamily transactions; this includes ground-up new development, value-add acquisitions, and core asset acquisitions. Furr is a graduate of Texas Tech University and received a master's degree in Land Economics and Real Estate from Texas A&M University.
In this episode, we discuss one of Richard's favorite deals through my SAFE method, how the deal was awarded to a private buyer, thoughts on the multi-family industry, and more!
Time Stamps:
(1:23) Richard's Bio
(3:57) Why Multi-Family?
(5:38) Richard's Deal and The SAFE Method
(12:09) Demand For These Deals
(13:48) Marketing Process
(18:01) How the Deal Was Awarded
(24:37) One Thing to Change About the Multi-Family Industry
(26:58) Recognizing the Long Game
(29:27) Buy or Sell
(35:19) Connecting with Richard
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