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Podcast: The Best Ever CRE Show
Episode: Operational Excellence, Blue Ocean Strategy, and Vertical Integration ft. Nick Stageberg
Description: On this episode of Best Ever CRE, Joe Cornwell interviews Nick Stageberg, owner of Black Swan Real Estate. Nick shares how 2024 marked their best acquisition year ever, with 2025 already on pace to surpass it, thanks to a focus on fixed-rate debt and operational excellence. He dives deep into their vertically integrated model, drawing on lessons from software development and Japanese lean manufacturing to run a highly efficient, team-based property management system. Nick also shares a tough lesson from a permitting nightmare in Tacoma and a recent big win on a 112-unit deal in Minnesota secured through creative financing and...