David is the founder and Managing Partner at Knightvest. Under his leadership, Knightvest has acquired over 55,000 units at a total capitalization of approximately $10.0 billion. Since its inception, Knightvest has sold over 15,000 units with an average IRR and multiple of over 30% and 2.2x, respectively.
On this episode, Chris and David discuss:
- Making key hires to grow the company
- The explosion of the Class B multifamily market
- A walkthrough of a typical deal
- The American renter in 2024
- Construction & labor cost hikes
- State of the Market Update 2022-2024
Links:
Knightvest Capital - https://knightvestcapital.com/
David on LinkedIn - https://www.linkedin.com/in/david-moore-03005a39/
Topics:
00:00:00 - Intro
00:00:58 - David’s first property
00:09:49 - The decision to focus on multifamily
00:17:39 - Scaling Knightvest
00:21:01 - Multifamily is HARD work
00:24:18 - Becoming the best renovator
00:31:45 - The Class B MF market taking off
00:40:06 - Walkthrough of a typical deal*
00:44:21 - The American renter in 2024
00:52:24 - Thoughts on construction and labor cost hikes
00:56:43 - State of the market update 2022-2024
01:18:30 - Technology innovations
01:20:50 - What do you think about often in multifamily?
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