Darris Cassidy of Fairway America is a longtime colleague of Lance, and joins to wax nostalgic about their history together, and break down the market from the view of a capital provider. They discuss the ‘Amazon effect’ on Retail, the tenuous state of Office, and the dilemma of trying to predict the market’s post-covid behavior. Darris also reveals what he likes right now, including Multi-family, Hotel Conversions, and Single-family Build-to-rent. All of these, of course, lead to “risk mitigation moments of truth” that the investor must recognize, and choose the right path.
This Week’s Guest
Darris began his real estate career in commercial appraisal and mortgage backed security bonds before working in commercial real estate banking at HomeStreet Bank and Bank of the West. His earliest roles in real estate included loan closing, asset management, and loan origination.
During the housing boom, Darris was the CFO for a regional developer, overseeing the debt, equity, capital structures, and financial statements for numerous entities involved in land banking and development, home building, multifamily, condominiums and industrial assets. During the downturn following the housing boom, Darris formed his own investment vehicles, which he used to successfully capture opportunities that arose from the distressed single-family residential markets.
As a Partner at Fairway America, Darris brings a deep understanding of the U.S. real estate investment space both from a sponsor and investor perspective. He has cultivated an extensive network of sponsors, family offices and private investors. Darris obtained a degree in finance from Gonzaga University.