Join us for an engaging episode of Passive Investing from Left Field! In this episode, host Chad Ackerman engages in a compelling conversation with Chihiro Kurokawa, Director in the private equity practice at ZT Corporate. Kurokawa shares his journey from being a solo multifamily syndicator to a key figure in a boutique private equity firm.
Gain exclusive insights into the resilience of service revenues during economic downturns, the significance of diversification across asset classes, and effective strategies in the competitive realm of private equity. Delve into Chihiro’s wealth of experience as he discusses the importance of thorough due diligence, community involvement in vetting deals, and the power of teamwork in business.
For passive investors seeking illuminating discussions on making informed investment decisions and navigating the intricacies of blending different asset types, this episode is a must-watch.
About Chihiro Kurokawa
Chihiro is a Director in the private equity practice at ZT Corporate, a boutique private equity firm with investment opportunities for accredited investors. The firm was founded in 1997 and has since cycled over 15 portfolio transactions representing 50+ assets. Currently the firm has an enterprise value of over $1.2 billion with holdings in medical/healthcare, branded auto dealerships and commercial real estate.
Key Points From The Episode:
1. Transitioning from being a solo multifamily syndicator to enjoying a variety of deals and the professional environment at a firm with well-resourced teams.
2. Chihiro emphasized the importance of audited financials in underwriting deals, mentioning that institutional buyers such as private equity firms require such detailed and certified documents before committing to large transactions.
3. Strategies for targeting distressed commercial real estate assets by providing all cash transactions, which appeal to banks seeking discreet and quick sales without exposing their distressed assets to the open market.
4. Reflecting on his earlier investment decisions, Chihiro recommended thorough due diligence and leveraging community insights to make more informed investment choices, rather than relying on limited information or the experiences of a single individual.
02:21 His real estate investment journey
08:06 Diverse business
12:35 Deal offering structure
16:30 Is this a great time to get into commercial real estate?
20:42 Comparing the metrics
23:02 What market he focuses on
24:25 Mitigating risk
28:26 Lessons learned in investing
30:50 Contact Chihiro
31:21 Podcast recommendations
32:28 Thank you for watching