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 - knightvestcapital.com/
David on LinkedIn - / 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?
Support our sponsors:
Better Pitch: bit.ly/42d9L0I
RE Cost Seg: bit.ly/3oC7JcY
Fort Capital: bit.ly/FortCapital
Chris on Social Media:
Twitter: bit.ly/3BYIjcH
LinkedIn: bit.ly/45gIkFd
Watch The Fort on KZfaq: bit.ly/3oynxNX
Visit our website: bit.ly/43SOvys
Leave a review on Apple: bit.ly/45crFD0
Leave a review on Spotify: bit.ly/3Krl9jO
Keywords: Chris powers, David Moore, $10 Billion in Apartments, CEO @ Knightvest Capital, The fort podcast, cris powers podcast,the fort podcast, Fort Capital, knightvest capital ceo, Fort podcast,make money in realstate,Knightvest Capital