Cole, a Senior Associate at Gindi Equities, plays a pivotal role in sourcing and underwriting our most recent acquisitions. With over eight years of industry experience, his expertise and dedication have made him an invaluable part of our team. Before joining Gindi Equities, Cole honed his skills in acquisitions and asset management through key roles at Ashcroft Capital and Aulder Capital. He holds a Bachelor of Science in Finance with Honors Distinction from Ohio State University, bringing a strong foundation and passion for excellence to every project he undertakes.
Q&A
How did your journey lead you to Gindi Equities, and what do you find most rewarding about your role here?
After graduating I quickly identified multifamily as my preferred niche within real estate. I have had the privilege of working alongside some incredibly talented individuals who have been instrumental in my development. Each stop along the way provided a different learning experience. At Aulder Capital I was focused on asset management and at Ashcroft Capital my efforts were concentrated on new acquisitions. In hindsight, I am especially grateful for my time in asset management as it improved my ability to tailor business plans on new deals to reality.
When moving to Gindi Equities I was excited to work with a small team again. I enjoy wearing many hats and want my voice heard. Problem solving and creative thinking are necessary in my role, and I find the daily challenge rewarding.
What are some interesting items on your desk right now, and can you share any exciting acquisitions or projects you’re keeping an eye on?
2025 will be a busy year for Gindi Equities. We are actively working on closing the final two deals of our four-property portfolio in Fargo, ND. Also, we are working towards capital events on several properties in the portfolio. For new acquisitions, we are looking to grow our portfolio in the Carolinas and the Midwest.
As we kick off 2025, what trends or developments do you anticipate shaping the multifamily sector this year?
2025 is setting up to be another year of volatile interest rates and price discovery. Transaction volume will likely remain low as owners hold out for lower interest rates and cap rate compression. It will be important to stay in front of brokers and operators to create your own deal flow.
Lower transaction volume and elevated interest rates will put immense pressure on inexperienced operators with limited capital resources. It will be interesting to see if the prevailing fundamentals will be enough to bail groups out. Thankfully, the wave of supply is coming to an end in most markets. For some it will be too little too late but those who weather the storm will be rewarded.
On a personal note, what do you enjoy doing in your free time, or are there any hobbies or interests that keep you inspired outside of work?
Outside of work I enjoy spending time with friends and family. Living in NYC has its perks, and I try to make the most of it when I can. In between dinners out I love to cook. Depending on the season, I revolve my schedule around my favorite sports teams. Thankfully for my wife Lexi, my Sundays have been free the past few years given how terrible the New York Giants are. I also like to travel, ski and attempt to play golf.
