WMRE's Common Area: Finding CRE Deals Amid UncertaintyWMRE's Common Area: Finding CRE Deals Amid Uncertainty
Eric Birnbaum, founder and CEO of Dreamscape Companies, joins the podcast to talk about how his firm has approached making deals during the past two years.
December 13, 2021
In this episode, WMRE Editorial Director David Bodamer is joined by Eric Birnbaum, founder and CEO of Dreamscape Companies, a real estate investment firm specializing in acquiring and repositioning multifamily and hospitality properties.
Eric shares his experience launching and building a new company during the pandemic, what kinds of deals they have pursued during the past two years and its plans for 2021. the firm.
Eric discusses:
Why Dreamscape focuses on multifamily and hospitality properties and why it prefers opportunistic/value-add plays in gateway markets
How launching a firm just prior to the onset of the pandemic affected its rollout
How he has built and maintained relationships with limited partners over the years to provide a consistent source of capital
What Dreamscape’s approach to debt is in terms of levering deals and increasing returns
What the firm’s long-term investment strategy is for the properties it repositions
