Developing 6,000 Rental Units with Fitzrovia Founder Adrian Rocca | CRELIBRARY Episode #60

Commercial Real Estate Library

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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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