$10 Billion in Apartments: Lessons Learned & Market Insights - David Moore, CEO @ Knightvest Capital

David is the founder and Managing Partner at Knightvest. Under his leadership, Knightvest has acquired over 55,000 units at a total capitalization of approximately $10.0 billion. Since its inception, Knightvest has sold over 15,000 units with an average IRR and multiple of over 30% and 2.2x, respectively. On this episode, Chris and David discuss: - Making key hires to grow the company - The explosion of the Class B multifamily market - A walkthrough of a typical deal - The American renter in 2024 - Construction & labor cost hikes - State of the Market Update 2022-2024 Links: Knightvest Capital - https://knightvestcapital.com/ David on LinkedIn - https://www.linkedin.com/in/david-moore-03005a39/ Topics: 00:00:00 - Intro 00:00:58 - David’s first property  00:09:49 - The decision to focus on multifamily 00:17:39 - Scaling Knightvest 00:21:01 - Multifamily is HARD work 00:24:18 - Becoming the best renovator 00:31:45 - The Class B MF market taking off 00:40:06 - Walkthrough of a typical deal* 00:44:21 - The American renter in 2024 00:52:24 - Thoughts on construction and labor cost hikes 00:56:43 - State of the market update 2022-2024 01:18:30 - Technology innovations 01:20:50 - What do you think about often in multifamily? Support our sponsors: Better Pitch: https://bit.ly/42d9L0I RE Cost Seg: https://bit.ly/3oC7JcY Fort Capital: https://bit.ly/FortCapital Chris on Social Media: Twitter: https://bit.ly/3BYIjcH LinkedIn: https://bit.ly/45gIkFd Watch The Fort on YouTube: https://bit.ly/3oynxNX Visit our website: https://bit.ly/43SOvys Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO Keywords: Chris powers, David Moore, $10 Billion in Apartments, CEO @ Knightvest Capital, The fort podcast, cris powers podcast,the fort podcast, Fort Capital, knightvest capital ceo, Fort podcast,make money in realstate,Knightvest Capital