Fitzrovia is the largest developer of class A rental in Canada with a pipeline of 6,000 units and $6Bn in AUM. Founder and CEO Adrian Rocca joins us to share his journey, how he's looking at the market today, and where the industry is headed.
SECURE COMMERCIAL FINANCING: http://greenfoxcapital.com
PROPERTY MANAGEMENT: https://portsmouth.ca
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SPOTIFY | https://open.spotify.com/show/54qf2EJwnrsYn0EC2TnJo3
APPLE | https://podcasts.apple.com/ca/podcast/commercial-real-estate-library/id1437946062
INSTAGRAM | https://instagram.com/commercialrealestaelibrary
TIKTOK | https://www.tiktok.com/@crelibrary?_t=8XZSNgigk9m&_r=1
Podcast Clips on YouTube: https://youtube.com/@crelibraryclips
Timestamps:
03:10 Fitzrovia at 10,000 feet
03:50 New Amenity: Schools!
09:00 Working to constantly improve
09:50 Adrian's backstory, investment banking with Credit Suisse in London, England
13:50 Joined Apollo - experience from 2007 onward
15:30 What debates did you have in 2008 - 2009? Lessons learned.
20:00 Joined Tricon Capital, raised $170M on TSX
22:10 First deal with Steve Diamond
22:40 Manufactured housing 24:30 Founding Fitzrovia
29:00 Critical hires and building infrastructure
35:50 What do you believe that other people don't that lead you to success??
41:24 MARKET UPDATE - how are you dealing with the current environment? Current cap rates.
46:30 Political risks 47:30 New legislation, Doug Ford's proposal
48:00 Outlook over 12 - 18 months. Where are you seeing opportunities?
51:00 How can the city promote more rental housing development?
53:00 What's Fitzrovia's 3-year plan?
55:15 Advice to people who want to start their own venture
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