JF3051: Putting Your Investors’ Needs First ft. Nick & Elaine Stageberg

<p>Nick and Elaine Stageberg are the owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction.</p> <p>In this episode, Nick and Elaine tell us how they raise capital without targeting a defined hold period or IRR, why they built their business model around putting their investors’ needs first, and how they find deals with the potential for forced appreciation. </p> <h2><strong>Nick and Elaine Stageberg | Real Estate Background</strong></h2> <ul style="font-size: 18px;"> <li style="color: #000000;" aria-level="1"><span style= "color: #000000;">Owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction. </span></li> <li style="color: #000000;" aria-level="1"><span style= "color: #000000;">They target an indefinite hold period and have never sold an asset.  </span></li> <li style="color: #000000;" aria-level="1"><span style= "color: #000000;">Portfolio:</span> <ul> <li style="color: #000000;" aria-level="2"><span style= "color: #000000;">$300M in AUM</span></li> </ul> </li> <li style="color: #000000;" aria-level="1"><span style= "color: #000000;">Based in: Rochester, MN</span></li> </ul> <ul style="font-size: 18px;"> <li style="color: #000000;" aria-level="1"><span style= "color: #000000;">Say hi to them at: </span></li> </ul> <ul style="font-size: 18px;"> <li style="color: #000000;" aria-level="2"><span style= "font-size: 18px;"><a href="https://www.blackswanteam.com/connect" target="_blank" rel= "noopener">blackswanteam.com/connect</a></span><span style= "color: #000000;"> </span></li> </ul> <ul style="font-size: 18px;"> <li style="color: #000000;" aria-level="2"><a style= "font-size: 11px;" href= "https://www.facebook.com/blackswanrealestateteam" target="_blank" rel="noopener"><span st