Steed Talker

Real Estate Investing Abundance

REIA 376 Andrew Brewer: From Shrubs & Soil to Structures and Skyscrapers – A Primer on Real Estate Development

Andrew Brewer is a commercial operator and developer and is the lead sponsor and lead developer on multiple ground up development projects and land subdivision projects comprising hundreds of residential units valued at over 160 million combined.

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Main point:

  • What are the risks and rewards in ground-up development?
  • What key factors passive investors should consider when evaluating ground-up projects vs. value-add?
  • What challenges do ground-up development projects present to sponsors?
  • What are the risk mitigation strategies you use in development to make sure your investors are protected?
  • How do you structure deals and what do you look for in putting together a structure 
  • Is real estate development capital intensive? How much capital do you need to develop a property?

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Biography Andrew Brewer:

Andrew Brewer is a commercial operator and developer who brings years of experience in many facets of real estate to IronGall Investments. Prior to starting IronGall Investments, Andrew had a successful career as a stationary engineer. As an engineer Andrew oversaw operations in high rise commercial facilities valued individually at over $200M. He successfully completed full building turnarounds of underperforming commercial assets leading to improved operations, lower maintenance costs, and improved resident experiences. In addition to his engineering work Andrew has acted as a consultant in construction defect litigation lawsuits. He has assisted prosecutors in pursuing judgements in excess of $60M, and overseen commercial reconstruction projects valued individually at over $12m.Andrew formed IronGall Investments in 2017. Backed by Andrew’s experience in commercial asset management, construction defect litigation, and commercial reconstruction, Iron Gall Investments began to sponsor and develop multifamily, townhome, and single family home communities. Since 2017, IGI has served as the lead sponsor and lead developer on multiple ground up development projects and land subdivision projects comprising hundreds of residential units valued at over 160 million combined. IGI has also acted as a General Partner on multiple other projects consisting of hundreds of apartment and mobile home units. Andrew works tirelessly to keep all of Iron Gall Investments’ projects running smoothly and rigorously evaluates all potential opportunities using Iron Gall Investments’ landmark “Systematic Selection” approach to project evaluation which includes a nuanced analysis of the strengths and weaknesses of each particular project and corresponding market. By conducting an extensive review of all the factors that could impact a project’s success and profitability, Andrew is able to develop and implement cutting edge business plans that take full advantage of the benefits of each market while providing multiple strategies to shield against any downsides. Andrew received a BA from UCLA where he double-majored in History and Anthropology and was on the Dean’s list each quarter that he attended. Upon graduation, he was awarded Summa Cum Laude Honors, College Honors, Highest Departmental Honors and graduated in the top 20 of a class of over 3,000. During his undergraduate studies, his thesis paper on “The Evolution Of Courtly Love” was selected for publication by the National History Honors Society. In his free time, Andrew is a competitive epee fencer and holds an “A” ranking, the highest ranking awarded by the United States Fencing Association. Andrew ended the 2020 Olympic qualifying trials ranked 34th in the USA in the Senior Men’s category.