JF3051: Putting Your Investors Needs First ft. Nick & Elaine Stageberg

Published: Jan. 11, 2023, 8 a.m.

Nick and Elaine Stageberg are the owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction.

In this episode, Nick and Elaine tell us how they raise capital without targeting a defined hold period or IRR, why they built their business model around putting their investors\u2019 needs first, and how they find deals with the potential for forced appreciation.\xa0

Nick and Elaine Stageberg | Real Estate Background
  • Owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction.\xa0
  • They target an indefinite hold period and have never sold an asset.\xa0\xa0
  • Portfolio:
    • $300M in AUM
  • Based in: Rochester, MN
  • Say hi to them at:\xa0
  • Greatest Lesson: Do the hard thing. Do the thing that other people are unwilling to do, and it will eventually become an insane, insurmountable advantage.

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