In this episode of Commercial Connections, host René Nelson, a Commercial Real Estate Broker in Eugene, Oregon, sits down with podcast producer Brittny to welcome Logan DeVos, an accomplished real estate investor and CEO of SMI Fund Management. Logan shares his journey from beginning in real estate as a young broker in 2007 to managing an impressive $81 million commercial real estate portfolio. He discusses his investment philosophy, focusing on value-add acquisitions, and provides insights into scaling a real estate portfolio by transforming underperforming assets. Logan also delves into detailed renovation strategies, the importance of market cycles, and risk mitigation, showcasing his extensive experience and success in the industry. The episode concludes with a promise for Logan's return to discuss more in-depth topics such as his legacy fund.

EPISODE THEMES 📝

00:00 Introduction to Value Add Real Estate Investing

00:47 Meet Logan DeVos: Real Estate Mogul

02:19 Logan's Early Entrepreneurial Ventures

03:49 Scaling Up: From Single Family Homes to Multifamily Units

05:03 Understanding Value Add Acquisitions

09:01 Gross Rent Multiplier and Investment Strategies

12:08 Lessons Learned in Real Estate

14:48 Repositioning Underperforming Assets

15:13 Case Study: Vicinity Apartments in Corvallis

24:38 Challenges and Strategies in Student Housing

33:10 Cost and Efficiency in Renovations

37:00 Hickory Lake Property: A Success Story

38:25 Conclusion and Contact Information⁠⁠⁠

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CONNECT WITH LOGAN DEVOS 🔗

Phone: 541.990.3795

Email: info@smire.com

Website: https://smifundmanagement.com/

CONNECT WITH RENÉ NELSON 🎙️

Website⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.eugene-commercial.com/

Youtube: https://www.youtube.com/@renenelsonccim1031/videos

LinkedIn:https://www.linkedin.com/in/renenelsonpacwestcommercialrealestate/

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Apple: https://podcasts.apple.com/us/podcast/commercial-connections-investing-with-confidence/id1828000587Facebook: https://www.facebook.com/profile.php?id=61574316732608

Book a 15 min Complimentary Discovery Call with René: https://callwithrene.as.me/InitialCall