107. Deal Deep Dive I Redefining Space: Co-Living in Opportunity Zones with Matthew Ryan

ABOUT MATT RYAN

With over 10 years of experience in real estate and construction, Matt Ryan founded Re-viv to re-engineer residential and commercial real estate in underserved communities. The company’s mission follows his passions for urban policy, building technology, and social impact ventures. “I’ve always been fascinated by this idea of companies that make money while addressing large, socio-economic issues.” Prior to founding Re-viv, Matt bootstrapped his first successful company, Elm Energy Group. Elm focused on energy efficiency and contracting services in residential, commercial, and historical buildings. Matt is an expert at handling all facets of commercial transactions, including duties as a broker, property manager, and general contractor. He has demonstrated a strong track record in commercial real estate, boasting a personal portfolio that has achieved a 25+% IRR since inception.      THIS TOPIC IN A NUTSHELL:    Matt's career and his investing journeyHow Re-viv came into the pictureThe first few investments in real estateCommunity revitalization and what problems he wanted to solveGetting into the Construction Energy Efficiency gameTheir Core Values and why'sOther projects that he’s done aside from Co-Living modelMs. Pam projectCo-living model as a minimum viable productAbout the Deal Location and asset class 20,000 sq ft; adaptive reuseIssues dealt with the propertyNecessity is the mother of inventionFinancing and negotiation of an out-of-the-box dealCapital gains taxMatt’s 6-figure mistakeFirst Co-living deal in DenverHow they built the reputation and attract brokersMarketing strategy and Opportunity costHow the property is performing currentlyDisposition plan for the propertyConnect with Matt Ryan   
KEY QUOTE: “What would you pay in marketing to get that exposure and get that reputation? You get an opportunity to make a great deal work and also make an entry into the market. Because, if you start monetizing that time and opportunity cost, it's a different framework.” 

 

SUMMARY OF BUSINESS:

Re-viv is a private equity investment company that uses real estate investment strategies that drive impactful growth for both investors and the community at large. We believe in acquiring and developing housing in up-and-coming neighborhoods that are attractive to young professionals and working families that classify as “the renter by necessity” class. While our approach borrows heavily from traditional value-add and opportunistic investment strategies in the middle market space; our value is driven by what we do differently.    ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful