We have successfully closed on Preserve at Copper Springs, a 376-unit apartment community in Houston, TX!

If you’re a passive investor looking for stable, tax-efficient, cash-flowing opportunities: Reach out directly to Craig: craig@lscre.com
Learn more: www.lscre.com

In this episode of the LSCRE Podcast, Rob Beardsley and Craig McGrouther break down a counterintuitive truth most investors ignore.

The deals with the highest projected returns are often the ones most likely to destroy capital. Using real data and insights from seasoned alternative investors, they explain why avoiding large losses -not chasing upside is what actually builds long-term wealth.

Topics covered:
• Why “high IRR” deals often carry hidden downside risk
• The real reason conservative deals outperform over time
• How one bad year can destroy your entire portfolio
• Why disciplined capital deployment beats timing the market
• The case for longer hold periods (5–10+ years)
• Why avoiding losses matters more than maximizing gains
• How yield + tax efficiency make real estate fundamentally different from stocks
• The truth about S&P 500 vs multifamily returns

Learn more about LSCRE at www.lscre.com

In this Q&A session, Rob Beardsley (Founder & CEO of LSCRE) answers some of the toughest questions investors are asking about the multifamily market right now.

Topics include whether the U.S. economy is actually in a recession, where we are in the real estate cycle, the biggest risks facing multifamily today, and how sponsors protect investor capital in volatile interest-rate environments.

Rob also shares lessons from a deal that was terminated due to rising rates, explains the underwriting assumptions that matter most in multifamily investing, and discusses why relationships and trust are the most valuable assets in commercial real estate.

If you're an investor trying to understand the current market cycle, risk management, and how professional sponsors approach deals, this video provides valuable insight.

Topics covered:

• Are we actually in a recession?
• Where we are in the real estate and interest rate cycles
• The biggest risk in today’s multifamily market
• How sponsors protect investor capital
• Red flags that disqualify a deal
• The most important numbers in underwriting
• Why relationships compound the fastest in real estate
• How new sponsors raise capital without a track record

If you'd like to learn more about investing alongside LSCRE, connect with our team and join our investor community.

In this episode of the LSCRE Podcast, Craig McGrouther sit down with Paul Moore to unpack one of the most misunderstood ideas in investing: the difference between investing and speculating.

After selling his company in his early 30s, Paul believed he had become a full-time investor.
Instead, he learned the hard way that he had become a full-time speculator—a realization that eventually cost him millions during the lead-up to the financial crisis.

In this conversation, Paul shares the painful lessons that followed, and how that experience reshaped his philosophy around risk, discipline, and capital preservation.

The discussion explores why the most successful investors—from figures like Warren Buffett and Charlie Munger to seasoned real estate operators—often succeed not by chasing exciting opportunities, but by staying focused on one strategy for decades.

Topics covered:
• The critical difference between investing and speculating
• Why confusing the two can destroy capital
• The lessons Paul learned losing millions before the 2008 crisis
• Why the best investors embrace “boring” strategies
• The danger of shiny object syndrome in real estate investing
• How disciplined operators evaluate deals and risk
• Why long-term focus often beats chasing the next opportunity
• How fund structures and preferred equity fit into today’s market
• Why today’s real estate cycle may present a unique opportunity

Chapters

00:00 Introduction to Paul Moore and His Journey
05:50 The Birth of Wellings Capital
11:49 Investment Philosophy: Avoiding Rescue Capital
22:31 Navigating Unique Investment Opportunities
27:41 Understanding Market Cycles and Investment Timing
36:56 Embracing Technological Changes in Real Estate


In a market filled with noise, projections, and constant deal flow, the investors who consistently win are often the ones doing something surprisingly simple: protecting principal, staying disciplined, and resisting the urge to chase the next big thing.

If you’re a passive investor, capital allocator, or real estate operator looking to sharpen your investment philosophy, this episode offers a candid look at the lessons that only experience and sometimes painful mistakes - can teach.