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Location Magic and New Construction with Anna Myers

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When we talk about multifamily investing, more often than not we’re talking about value-add investing. Today’s guest not only does value-add, but she’s also crushing it in new construction. Anna Myers of Grocapitus joins us to discuss how they select their markets, and ways in which the new construction business plan differs from the value-add.

Anna serves as Vice President at Grocapitus, a commercial real estate investment company based in the San Francisco Bay Area. Anna holds a B.A. degree with highest honors from UC Berkeley, and an MBA degree from San Francisco State with an associated MS in Information Systems. Anna is also a third-generation commercial real estate entrepreneur who applies her 25+ years of experience in technology and business to finding, analyzing, acquiring and asset managing commercial properties in key markets across the U.S. Together with her business partner, Neal Bawa, they approach real estate through a data science lens to
create compelling profits for 400+ investors.

As the lead underwriter for the company, Anna teaches deal analysis for MultifamilyU in quarterly Boot Camps. MultifamilyU is an apartment investing education company owned by the principal, Neal Bawa. Also via MultifamilyU, Anna hosts weekly webinar events featuring top speakers in real estate. As the asset manager for the Grocapitus portfolio, Anna brings a data-driven approach to track and insert optimizations to the properties to
help drive property performance and investor returns. Anna regularly speaks on podcasts, webinars and at conferences covering topics including Asset Management, Deal Analysis,
Real Estate Trends, Opportunity Zones, How to 1031 into a Multifamily Syndication, and much more.

Related to Syndication with Grocapitus, Anna and Neal have successfully completed equity raises of $60 million for Multifamily, Mixed-Use and Self-Storage Acquisitions in the last
18 months, resulting in over 2,300 units purchased. Grocapitus is on track to close another 1,500 in the next 12 months.