
Building Multifamily Housing Value and Planned Exits with Chris Lento
Chris Lenta’s rule is simple: “You plan your exit when you buy.” The founder and CEO of EM Capital, which oversees more than $190 million in properties, explains how conservative underwriting, renovations, expense control and occupancy can lift NOI. He and Wayne Zell also discuss market timing, flexible debt, downside protection, trusted operating partners, 1031 exchanges and succession structures that keep a business running.
Key Points
- Plan early: Connect your target exit to today’s operations, financing, and leadership decisions.
- Build value deliberately: Find the operational problem behind weak results before focusing on presentation.
- Keep room to adapt: Consider what happens if a sale takes longer or the market weakens.
- Know when enough is enough: Compare an available outcome with your goals, not just the possibility of a higher price.
- Prepare the next leader: A plan to sell assets does not replace a plan for the founder’s departure.
Chapters
| 0:00 | |
| 0:36 | |
| 3:40 | |
| 4:50 | |
| 7:19 | |
| 10:37 | |
| 13:30 | |
| 15:20 | |
| 17:50 | |
| 20:29 |
Transcript
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