Know how your capital works.
Understand underwriting, ownership structures and the assumptions behind projected returns.
Multifamily · Commercial real estate · New York
Understand the deal.
Understand the deal.
Think like a developer.
Learn how real estate opportunities become real projects — from sourcing and underwriting to financing, execution and exit.
Mikhail KozinDeveloper / Investor · New York
Think like an ownerUnderstand what drives a deal.
Follow the full processConnect the numbers to execution.
Learn through real projectsSee how development decisions connect.
Start here · Free videoLearn before you
Learn before you
commit capital.
Start with Mikhail’s video on buying multifamily property. Then explore the wider process behind investing and development.
Mikhail’s approach
Look beyond the headline numbers.
Build a better understanding of ownership, financing and the decisions behind multifamily opportunities.
- Understand the investor and owner mindset.
- Ask better questions about a real estate opportunity.
- Connect deal structure with execution.
Who this is forFor people who want to
For people who want to
understand the whole deal.
See the potential in a property.
Explore how market demand, zoning and improvements shape multifamily and value-add opportunities.
Understand the operator’s perspective.
Connect sourcing and negotiations with financing, development and long-term asset decisions.
The process · From A to ZFrom finding the opportunity
From finding the opportunity
to creating value.
Six connected stages. Each decision affects what comes next.
Source opportunities
On-market and off-market properties, broker relationships and initial deal screening.
Test the potential
Market demand, zoning, buildable area, rents and the opportunity to improve value.
Understand the numbers
Acquisition costs, construction budgets, operating assumptions and financial sensitivity.
Build the capital stack
Debt, equity, ownership and the responsibilities of the people involved.
Bring the plan to life
Architects, approvals, contractors, construction and budget management.
Plan what comes next
Operations, asset management, refinancing, a sale or long-term ownership.
Real project perspectiveSee how the pieces
See how the pieces
connect in practice.
A project is more than a spreadsheet. Explore how acquisition, zoning, financing and execution influence each other — and how changes to one assumption can affect the whole plan.
ACQUISITIONOpportunity & pricing
ZONINGBuildable potential
FINANCINGDebt & equity
EXECUTIONPermits & construction
Meet MikhailMikhail Kozin
Mikhail Kozin
Developer / Value-add
My focus is helping investors understand how real estate deals are built — from the first opportunity and underwriting to execution, ownership and long-term value creation.
Explore multifamily and commercial real estate through the decisions that shape a project, with a focus on New York and surrounding markets.
Partners & team
Perspectives across the real estate process.
Acquisitions, investing, finance, operations and asset management.
Roman Kirzhner
Managing partnerLead sponsor and asset manager; acquisition strategy, capital raising, investor relations and overall deal execution.
Tim Loveless
Managing partner5+ years as a GP/LP investor and multifamily syndicator; owner/operator experience and marketing expertise.
Inessa Galuzina
Managing partnerBackground in information technology, investment banking and accounting; multifamily investment experience.
Sergio Mannino
Managing partnerLicensed real estate professional with 10+ years of full-time experience and asset-management expertise.
Questions
Before you get started.
Who is this designed for?
Investors, property owners, entrepreneurs and real estate professionals who want to better understand multifamily, commercial real estate and the development process.
Where should I start?
Start with the free video above. You can then contact Mikhail to ask about further learning and the topics most relevant to your experience.
What topics does this cover?
Deal sourcing, market analysis, zoning, financial modeling, capital structure, development, asset management and exit strategies.
Does learning guarantee an investment opportunity?
No. Education does not guarantee participation in a project, partnership or investment opportunity. Any selected opportunity is evaluated separately.
How do I learn more about participation?
Email Mikhail using the contact button below. Share your background, the markets you are interested in and what you would like to learn.
Your next stepStart with knowledge.
Start with knowledge.
Build your perspective.
Watch the free video or get in touch to ask about learning, project analysis and taking a more informed role in real estate.