Randy Fifield

“So I have a workforce housing fund, right? It is not, It's a unique unicorn. It's a market rate, affordable fund that it caters to baristas, teachers. It follows the same algorithm as the mid-rise and the high-rise, and basically I was able to start it in Chic…”

“I have had buildings go back to the bank, not because I did something wrong, but the pro formas said, you need to rent the parking, you need to rent the units at this price and the land was purchased for X and it was as of right.”

“Today in my whole lifetime Oh my gosh, probably like, eight billion dollars of development.”

“Sometimes you talk to people like, Paul, there's no deals. There's nothing's getting done. And I'm like, that's not true. Deals cross my desk every day. It's whether you have the appetite to do them, the money to do them, the desire to do them, the risk profil…”

“I think if you had to ask me, I think this is a legacy asset, at least for me and my family, that's how in the category that it goes in. To invest in Chicago where a lot of people are turning their back on Chicago. It felt right to be part of a family organiza…”

“And we bought this asset out of foreclosure.”

“She is almost 300 rooms in the Gold Coast of Chicago. We Paid cash for her, put a group together.”

“You can also use the Ellis act. And if you have your children that are living in this building, you can take affordable housing and make it market rate housing.”

“We built the garage, we rented the garage spaces, we renovated the units, we upped the rent, and lo and behold, a year later, we almost doubled our money.”