Episode 10: Value-Added Apartment Investing in The Western U.S.
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“Lots of things can get outsourced, to foreign countries or to other supply chains. In the housing business people need to live somewhere, and you can’t outsource that.”
About the Interview
Owning apartment buildings generates income and can provide appreciation over time. In this episode we discuss value added apartment investing which means buying apartments that can benefit from renovations to the common areas and units.
Eric Sussman
Clear Capital, LLC
Eric Sussman is a founding partner of Clear Capital, LLC, overseeing the firm’s capital, equity, and debt departments and strategic planning functions. Mr. Sussman provides leadership to the firm in the areas of private equity, joint ventures, and fund formations.
Mr. Sussman has over 25 years of multi-faceted real estate experience and has been pivotal in some of the firm’s largest deals and property acquisitions. Mr. Sussman’s past experience is broad and varied including key positions at Amber Capital and Sequoia Real Estate Partners. Mr. Sussman began his career with Price Waterhouse (now Price Waterhouse Coopers).
In addition to his position at Clear Capital, Mr. Sussman has been an Adjunct Professor of accounting and real estate at UCLA’s Anderson School of Management since 1995, where he been voted “Outstanding Professor” 15 times by MBA students. Additionally, he has been named as one of the top ten most popular business professors by Bloomberg BusinessWeek, and one of the 20 most influential professors alive today by “Top Business Degrees.”
Mr. Sussman received a BA in Economics (Summa Cum Laude) from the University of California, Los Angeles and an MBA (Arjay Miller Scholar) from Stanford’s Graduate School of Business. He is a licensed CPA and real estate broker (inactive) in California. He is a member of the Board of Trustees and Chairman of the Audit Committee of Causeway Capital’s Group of mutual funds, and a member of the Board of Directors of three non-profit organizations: Jewish Family Services, UCLA Hillel, and Pacific Charter School Development.
