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Multi-Family Foundation | Developing and Delivering Superior Yield with Scott Choppin

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Scott is the founder of Urban Pacific Group of Companies, a Long Beach, California based real estate development company founded in 2000, that focuses exclusively on urban and infill affordable housing communities throughout California and the Western US. Over the last 18 years, the company has developed nearly 1700 units of unique to market urban housing communities throughout the Western United States. And presently, Urban Pacific has created a new housing innovation called UTH, which provides middle income multi-generational housing to urban families by producing market superior yields on invested equity. Historically, Urban Pacific's UTH projects delivered, and get this, 29% IRR yields on equity. Wow Scott, this is awesome. And so, we got a lot to dive in here for, but talk to us about, 2000. So, a lot happening, especially out there in California at that time.

"The core focus always has been and is now that we want to be building new assets in urban locations. So in other words, we're not going to go out in the far perimeter of, the LA basin into, Riverside County go build, Greenfield sites, right? Like, never developed sites. We want to find neighborhoods that are close to transit, jobs, social networks. So think of your family, have kids in school and your family's close by, those kinds of things. And we've never left that, that stance or that call, that ethic, the standard of how we operate in the marketplace. " - Scott Choppin

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