Tim O’Brien of Urban Asset Advisors, joins Lance to discuss multifamily and more specifically, ground up development. Tim is a visionary who is able to see the forest through the trees. If you spend any amount of time with Tim, you can tell that he is very passionate about ground up development and building a thriving community for tenants. Lance and Tim dive into what it takes to build a successful multifamily community – having the right people in place to execute the vision is paramount!
This Week’s Guest
Tim’s intention and driving force has always been to bring value to both his client’s and partner’s real estate investing while also being a steward and good citizen to his hometown of Portland and the cities he does business in. He has valuable market experience, knowledge and creativity in commercial real estate, multifamily housing, and low-income housing. He brings these tools to the table to add value to investing in and developing real estate and is frequently called upon to provide guidance, and/or speak on these topics.
Tim, a native Portlander, graduated from Southern Oregon University with a Bachelor of Science (BA) in Business, Marketing & International Studies. He started in commercial real estate in the mid 90’s with the national firm Marcus and Millichap where he was a top producer before starting his own commercial real estate company in the late 1990’s (HFO Investment Real Estate) with two partners; growing it to be the top producing multi-family brokerage company in Oregon/SW Washington. For nine years running that company was named by CoStar as one of the top 10 Investment Brokerage Companies in Oregon. Tim has been awarded CoStar top sales broker awards as well as Portland Business Journal “Top 40 under 40” and ‘Top 10 philanthropic companies” award.
Tim currently sits on the executive board for the state chapter of LOCUS/Smart Growth America; LOCUS, Latin for “place,” is a national coalition of real estate developers and investors who advocate for sustainable, equitable, walkable development in America’s metropolitan areas. Tim has also been involved in Community Partners for Affordable Housing, the Commercial Association of Realtors, Metro Multifamily Housing Association, along with CCIM and other real estate associations and affiliations over the years. He continues to be involved in the global Entrepreneur Association and has served on their board of directors. Tim is also intimately involved with and supportive of the Dougy Center for Grieving children and served on their board of directors for nine years.
Tim is an avid “steep and deep” skier who enjoys being outdoors with his family. He regularly runs, plays in the MAC racquetball league, mixes cocktails for friends and enjoys traveling with his family.