#295: Real Estate Post COVID and the Future of Hospitality and Office Sectors – with Jillene Helman

This week’s episode of the Real Estate Investing for Cashflow podcast features Jillene Helman. Jilliene is CEO and Co-Founder of RealtyMogul. She's responsible for the company’s strategic direction and operations. Jilliene has underwritten over $5 billion of real estate and was previously a Vice President at Union Bank, where she spent time in Wealth Management, Finance, and Risk Management. Jilliene is a Certified Wealth Strategist, holds Series 7, Series 63, and Series 24 licenses, and has a degree in Business from Georgetown University    Quotes:  “Retail was in a world of hurt pre-COVID. Right? We over built retail in this country. That’s just a fact. Now, this recession is different though, than a lot of the historical recessions in that, this is very micro-market. Even property level specific.”  “We invested in a shopping center transaction in Florida, and we were projecting double digit cash on cash returns in the first yea. This is a closed investment, not an open investment. But I think there is opportunity in retail because of the fear, but you have to be a very good operator and you have to have very very localized knowledge. We’re not afraid of retail with the right operator and the right knowledge.”    Highlights:  :55- Jillene's background  6:08- Jillian gives her opinion on the overall outlook for commercial real estate post COVID  14:30- Jillian tells us what the long-term projection looks like in the office segment  20:38- Jillian gives her opinion on the long-term impact of  manufacturing and multi-family housing space    Guest Website:  www.realtymogul.com    Learn About Investment and Partnership Opportunities with Kevin and His Team