#296 - Sean Burton - CEO of Cityview - Acquiring, Developing, and Managing Multi-Family in the Western US

Sean Burton is CEO of Cityview, a vertically integrated real estate investment management and development firm that specializes in developing, acquiring and operating opportunistic and value-add multifamily projects in gateway markets across the Western U.S. Cityview has invested in more than 130 projects and was named the decade’s largest multifamily developer in LA by Los Angeles Business Journal. On this episode, Sean and Chris discuss: ➡️ land entitling ➡️ an overview of the Los Angeles market ➡️ what makes a great multifamily developer and operator We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.  https://www.thefortpod.com/survey Additional Resources 👉Cityview 👉Sean on LinkedIn Timestamps (00:03:57) Sean's journey into Real estate (00:05:11) Learnings from working in the White House (00:07:26) An Overview of Cityview (00:10:25) What matters to you when considering a market or an asset to acquire? (00:12:02) Are you finding sites that are already entitled or do you need to entitle before closing? (00:14:48) Is it taking longer to entitle land these days? (00:16:05) The desire to build more housing in LA, the homeless crisis, and an overview of the LA market (00:21:38) Where in LA are you looking for sites? (00:22:51) Do you see any similarities between today’s market and the GFC? (00:25:11) Have building costs stabilized? (00:26:56) What would it take for a development deal to make sense right now? (00:31:22) What makes a good tour when showing equity a project? (00:32:47) Is Office to Residential even realistic? (00:35:06) What makes a great MF developer and operator? (00:36:51) Is there any from an amenities standpoint that you’re focusing on? (00:39:21) Is there any technology you’re implementing? (00:41:55) How are you positioning yourself for the next few years? (00:45:47) How do you capitalize deals? (00:48:15) Thoughts on the First Republic Bank takeover  ➡️ RE Cost Seg: https://bit.ly/3oC7JcY ➡️ Fort Capital: https://bit.ly/FortCapital ➡️ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ 🐦 Follow Chris on Twitter: https://bit.ly/3BYIjcH 💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ ➡️ Sign Up for our Newsletter: https://newsletter.thefortpod.com/ 📹 Subscribe to The FORT on YouTube: https://bit.ly/3oynxNX -- The FORT Podcast with Chris Powers is a place where you can find meaningful conversations about entrepreneurship, real estate, investing, and more. Be sure to follow the podcast, so you never miss an episode! The FORT is produced by Johnny Podcasts

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Here, we uncover the proven strategies, insights, and inspiring stories of today’s greatest leaders in the worlds of business, real estate, entrepreneurship, and investing. Each episode’s mission is to help you to level up your entrepreneurial game by hearing directly from the men and women in the arena. Chris is able to uniquely uncover things not commonly discussed because he is an entrepreneur himself. We not only cover business, but we also cover the personal side of entrepreneurship. The Fort began in 2018 as a way for Chris to publicly explore the fascinating world of entrepreneurship. Since he was a child, he’s been characterized as obsessively curious about the world around him.  The Fort has now been downloaded over 2M times, across more than 50,000 unique listeners. Each week features conversations with entrepreneurs, Founders, CEOs, and Executives from some of the leading companies in America. Past guests have represented companies such as JLL, Hillwood, S2 Capital, Chick Fil A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort Capital, Matthews REIS, Bonobos, and ConvertKit. 🐦 Follow Chris on Twitter: www.twitter.com/FortWorthChris 💡 Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 📹 Subscribe to The FORT on YouTube: https://www.youtube.com/@FORTpod