Lance talks with Dan Norville of Vivo Investment Group about their unique focus: converting hotels and motels into multi-family housing. Vivo is building a strong brand in the space with their emphasis on community and environmental concerns. Lance and Dan discuss the risks inherent to this strategy, including municipal trolls, zoning issues and construction cost wildcards.
This week’s guest
Mr. Norville has a long career in the real estate industry as an investor and developer and has also served in various roles in Real Estate Investment Banking and Private Equity. Mr. Norville founded his first company (also in Real Estate) in 2012 and subsequently three more companies since then, and is responsible for overseeing underwriting, research, institutional capital raising, business development and deal negotiation. Mr. Norville is also responsible for sourcing and establishing new transactions for the firm. His career has encompassed the structuring, financing, acquisition, disposition, leveraged buyout, valuation and due diligence of over $1.0 billion in completed real estate as well as corporate M&A transactions.
Mr. Norville also bring significant corporate operations and corporate finance experience to the Norcap platform. Mr. Norville graduated from New York University’s Leonard N. Stern School of Business with a Bachelor of Science, double-major in Finance and Accounting.
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