Working Capital The Real Estate Podcast

Commercial Real Estate Trends with Crowdstreet CIOs Ian Formigle | EP120

September 15, 2022 Jesse Fragale
Commercial Real Estate Trends with Crowdstreet CIOs Ian Formigle | EP120
Working Capital The Real Estate Podcast
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Working Capital The Real Estate Podcast
Commercial Real Estate Trends with Crowdstreet CIOs Ian Formigle | EP120
Sep 15, 2022
Jesse Fragale

Ian Formigle Ian is a real estate professional and serial entrepreneur with over 25 years of experience in real estate private equity, equity options trading and start-ups.  Ian is Chief Investment Officer at CrowdStreet, overseeing its marketplace, an online commercial real estate investment platform that has completed over 650 offerings totalling over $25 billion of commercial real estate. Prior to joining CrowdStreet, Ian was VP of Business Development for ScanlanKemperBard Companies, where he managed the firm’s alternative investment platform and served as a senior acquisitions officer. Previously, Ian co-founded and served as CEO of Clarus Property Ventures, a regional real estate private equity firm that focused on multifamily acquisitions. Ian began his career as an equity options market maker and member of the Pacific Exchange

 

In this episode we talked about:

  • Ian’s Bio & Background
  • CrowdStreet Overview
  • Asset Classes and Strategies Outlook in Real Estate
  • De-risking Strategies for Real Estate Leverage
  • Office Market Potential
  • Best Places to Invest
  • Ian’s Thoughts on Flow Company

Useful links:

Book - Rey Dalio “Principles: Your Guided Journal (Create Your Own Principles to Get the Work and Life You Want)”
Podcast - The Prof G Pod with Scott Galloway:

https://podcasts.apple.com/gb/podcast/the-prof-g-pod-with-scott-galloway/id1498802610
Contact Ian: https://www.crowdstreet.com/ 

https://www.linkedin.com/in/ianformigle/

Transcription:

Jesse (0s): Welcome to the working capital real estate podcast. My name's Jessica galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name's Jesse Fraga. You're listening to working capital the real estate podcast. My special guest today is returning guest Ian for melee.

 

Ian is a real estate professional and C entrepreneur with over 25 years of experience in real estate, private equity, startups, and equity and options trading at crowd street in is the chief investment officer leading the office of the CIO division and is responsible for the overall strategy of the firm. Ian serves as a member of the crowd street, executive management team, and is responsible for the final review and approval of all deals that go live on the online marketplace. He's also chairman of the crowd street advisory investment committee, Ian, how you doing?

 

Ian (1m 3s): Doing pretty good, Jesse. Thanks for having me back on the podcast. It's a pleasure to be

 

Jesse (1m 6s): Here. Well, it's great to have you again, and we're just joking before the, before the podcast that not much has changed in the last 12 to 18 months. So this will probably just be kind of retread old, old hat.

 

Ian (1m 16s): Yeah, exactly. Nothing nothing's changed since February of last year.

 

Jesse (1m 21s): So for those that, that didn't catch the first episode, although it is, I think at this point close to a year, year and a half old, there's a lot of good information there on the company in general and the market and the outlook at that time. You're more than welcome to check that first episode out. But for those that didn't catch that one for listeners. Maybe you could give a little bit of a background o

Show Notes

Ian Formigle Ian is a real estate professional and serial entrepreneur with over 25 years of experience in real estate private equity, equity options trading and start-ups.  Ian is Chief Investment Officer at CrowdStreet, overseeing its marketplace, an online commercial real estate investment platform that has completed over 650 offerings totalling over $25 billion of commercial real estate. Prior to joining CrowdStreet, Ian was VP of Business Development for ScanlanKemperBard Companies, where he managed the firm’s alternative investment platform and served as a senior acquisitions officer. Previously, Ian co-founded and served as CEO of Clarus Property Ventures, a regional real estate private equity firm that focused on multifamily acquisitions. Ian began his career as an equity options market maker and member of the Pacific Exchange

 

In this episode we talked about:

  • Ian’s Bio & Background
  • CrowdStreet Overview
  • Asset Classes and Strategies Outlook in Real Estate
  • De-risking Strategies for Real Estate Leverage
  • Office Market Potential
  • Best Places to Invest
  • Ian’s Thoughts on Flow Company

Useful links:

Book - Rey Dalio “Principles: Your Guided Journal (Create Your Own Principles to Get the Work and Life You Want)”
Podcast - The Prof G Pod with Scott Galloway:

https://podcasts.apple.com/gb/podcast/the-prof-g-pod-with-scott-galloway/id1498802610
Contact Ian: https://www.crowdstreet.com/ 

https://www.linkedin.com/in/ianformigle/

Transcription:

Jesse (0s): Welcome to the working capital real estate podcast. My name's Jessica galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name's Jesse Fraga. You're listening to working capital the real estate podcast. My special guest today is returning guest Ian for melee.

 

Ian is a real estate professional and C entrepreneur with over 25 years of experience in real estate, private equity, startups, and equity and options trading at crowd street in is the chief investment officer leading the office of the CIO division and is responsible for the overall strategy of the firm. Ian serves as a member of the crowd street, executive management team, and is responsible for the final review and approval of all deals that go live on the online marketplace. He's also chairman of the crowd street advisory investment committee, Ian, how you doing?

 

Ian (1m 3s): Doing pretty good, Jesse. Thanks for having me back on the podcast. It's a pleasure to be

 

Jesse (1m 6s): Here. Well, it's great to have you again, and we're just joking before the, before the podcast that not much has changed in the last 12 to 18 months. So this will probably just be kind of retread old, old hat.

 

Ian (1m 16s): Yeah, exactly. Nothing nothing's changed since February of last year.

 

Jesse (1m 21s): So for those that, that didn't catch the first episode, although it is, I think at this point close to a year, year and a half old, there's a lot of good information there on the company in general and the market and the outlook at that time. You're more than welcome to check that first episode out. But for those that didn't catch that one for listeners. Maybe you could give a little bit of a background o