E42: David Shorenstein (Live from ICSC)

In this episode, Kyle speaks with David Shorenstein, a seasoned real estate professional and principal at Hildreth Advisors. Shorenstein shares his journey from finance graduate to a successful real estate investor, detailing the multiple pivots and challenges he navigated in his career. The discussion covers Shorenstein’s early days in brokerage, the impact of regulatory changes, and his shift to asset-backed investments like shopping centers and marinas. Highlighting the importance of adaptability and tenacity, Shorenstein provides valuable lessons on building wealth and staying resilient in an ever-changing market. Don't miss this deep dive into the mindset and strategies behind real estate success.00:00 Introduction 01:09 Guest Introduction and Background02:05 Current Projects and Day-to-Day Activities03:05 Real Estate Strategies and Market Insights07:31 Career Beginnings and Early Challenges13:37 Navigating Market Cycles and Building Equity20:57 Personal Motivations and Financial Anxiety25:22 The Turning Point After College27:03 Challenges in the New York Real Estate Market30:03 Building Hildreth: A New Venture32:07 Balancing Work and Personal Life34:03 Raising Capital and Overcoming Obstacles37:48 Leadership and Success Traits43:27 Future Vision and Market Predictions48:57 Final Thoughts and Reflections