JF 3875: Foreclosure Opportunities, Scaling with Culture, and Chicago CRE Lessons ft. Joe Root
On this episode of the Best Ever CRE Show, Joe Fairless interviews Joe Root, co-founder of East Superior Real Estate Partners. Joe shares insights into how his family’s 40-year legacy in Chicago real estate evolved into a vertically integrated firm managing and owning hundreds of multifamily units. He dives into the strategic advantage of analyzing receivership reports to uncover distressed property opportunities and recounts lessons learned from a 2006 acquisition that nearly collapsed during the financial crisis. Joe also discusses the firm’s pivot to lighter value-add deals, assumptions of favorable debt, and plans to scale into other Midwest markets by leveraging internal culture and KPIs through regional asset managers. Joseph Root Co-founder Based in: Chicago, IL Say hi to them at www.linkedin.com/in/rootjoseph/ www.esrepartners.com/ vikingcapllc.com Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices