In this episode of Deal Flow Friday, host David Moghavem sits down with Paul Daneshrad, Founder & CEO of Starpoint Properties, to explore how patience, discipline, and opportunistic strategies drive outsized returns in real estate. Paul shares insights on asymmetric returns, diversification across asset classes, and the evolving capital markets landscape. The conversation covers Starpoint’s approach to value-add investments, Opportunity Zone projects, and navigating the current challenges in multifamily acquisitions. Paul also discusses his book Money and Morons, which addresses the national debt crisis and its implications for future generations.

About Starpoint Properties: Founded in 1995, Starpoint is a privately held real estate investment and operating company specializing in the acquisition, development, and management of premier multifamily, retail, office, and mixed-use properties across the U.S. With a disciplined and value-oriented approach, Starpoint has completed more than $2 billion in transactions, focusing on creating long-term value for investors and communities, delivering weighted average IRRs in excess of ~26%.

Chapters

00:00 – Asymmetric Returns & Value-Add Strategy
01:40 – Introduction & Early Connections
03:00 – Miami vs. LA & Market Energy
05:00 – Buffett’s Wisdom & Patience in Investing
06:10 – Opportunity Zones & Long-Term Value
09:40 – Diversification & Risk Mitigation
13:25 – Specialization vs. Opportunism
16:30 – Beverly Hills Case Study
19:15 – Capital Flows & Institutional Competition
21:00 – The Challenge of Capital Raising Today
24:30 – Multifamily Returns & Positive Leverage
27:00 – Bridge Debt & Capital Stack Distress
29:00 – Active Starpoint Strategies
34:50 – Paul’s Book: Money and Morons
44:00 – Preparing for a Debt Crisis
48:00 – Closing Thoughts & Future Outlook

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