January 11, 2023

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


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.

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. 

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Nick and Elaine Stageberg | Real Estate Background

  • 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. 
  • They target an indefinite hold period and have never sold an asset.  
  • Portfolio:
    • $300M in AUM
  • Based in: Rochester, MN
  • Say hi to them at: 
  • Greatest Lesson: Do the hard thing. Do the thing that other people are unwilling to do, and it will eventually become an insane, insurmountable advantage.

 

 

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