1031 exchanges can be complicated, but what if they could also be... fun? In this episode, Bruce Bean sits down with Kayla Frerking, a true leader in 1031 exchanges and a key player at Leader 1031, a subsidiary of Leader Bank. Kayla breaks down the complexities of 1031 exchanges, shares how she’s making tax code exciting, and talks about her unique "Deal or No Deal" game show approach to educating brokers, attorneys, and investors.

In this episode, we discuss:

• The basics of 1031 exchanges and how they help investors defer capital gains taxes
• Why Kayla believes education is key—and how she’s making tax rules more engaging
• The most common misconceptions about 1031 exchanges and how to avoid costly mistakes
• The role of Delaware Statutory Trusts (DSTs) in real estate investment strategies
• How interest rates and the broader real estate market impact 1031 exchange activity
• Kayla’s nationwide approach to educating investors and professionals in the field

Kayla’s passion for tax codes (yes, you read that right!) and her deep industry knowledge make this a must-listen for anyone considering a 1031 exchange.

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In this episode of SF Commercial Property Conversations, host Bruce Bean sits down with Jonathan Mitchell, a dynamic real estate developer in San Diego. Jonathan shares his journey from running a multimillion-dollar solar company to diving headfirst into real estate development. With a passion for transforming distressed properties into thriving multi-family units, Jonathan discusses how San Diego’s zoning laws allow for increased ADU density, the challenges of navigating a competitive market, and why he prefers stick-built over modular units.

He also opens up about his faith-driven approach to business, his experience growing up in Section 8 housing, and his goal of creating more affordable housing in San Diego. Tune in to hear how Jonathan’s team is strategically acquiring and developing properties, leveraging networking and community events, and planning for the future of real estate in California.

In This Episode, We Cover:

• Jonathan’s transition from solar to real estate development
• How San Diego’s zoning laws impact ADU development
• The benefits and challenges of stick-built vs. modular construction
• Strategies for finding and acquiring investment properties
• The role of faith, community, and business in Jonathan’s journey

-------------------------------------------------------------------------------------------------------------- We’re excited to feature your voice in the conversation about building wealth and legacies through commercial real estate. Join us to share your journey and insights with our growing audience! Learn more and apply at https://sfcommercialconversations.com/guest

From a small Wisconsin town to moving multi-billion-dollar infrastructure deals, Chris Groves shares a story packed with grit, hustle, and a sharp eye for where the money’s going next. In this episode, Bruce and Chris dive into infrastructure lending—a space Chris calls one of the most exciting and under-the-radar investment frontiers today. Chris walks us through his journey from real estate to launching Groves Capital with his wife, to becoming a partner at GIA where he's handling $20B+ in annual capacity for infrastructure and reinsurance-backed projects.

We get into:

• How Chris made the leap from fitness and real estate to global infrastructure finance

• Why reinsurance is the backbone of funding for projects like hospitals, hydrogen energy, and trash-to-fuel tech

• What it takes to get a $100M+ project underwritten (hint: 276 questions and serious modeling)

• Why 9 out of 10 deals never make it past GIA’s front door—and why the ones that do are changing the world

• The future of AI, crypto, and commercial lending

--------------------------------------------------------------------------------------------------------------- We’re excited to feature your voice in the conversation about building wealth and legacies through commercial real estate. Join us to share your journey and insights with our growing audience! Learn more and apply at https://sfcommercialconversations.com/guest