Warrior Win

Brian Kochendorfer

Brian Kochendorfer is the Managing Member of Arc Equity Group, a Chicago-based real estate investment firm specializing in acquiring and operating apartment properties in the Midwest. Brian is a general and limited partner in over 800 apartment units with a total value of approximately $60,000,000. He has 13 years of experience as a commercial real estate broker and has been involved in over $600M in real estate transactions throughout his career, primarily in multifamily. At Arc, Brian leverages his investment and brokerage experience to oversee the firm’s acquisition and operational strategy.

Property Details

Address: Abbey Lane Apartments, 120 Abbey Ln, Chesterton, IN 46304
Number of Units: 100
Value Add Deal? Yes
Purchase Price: $8,550,000
Estimated monthly increase projected? $100-200/unit
Anticipated value after value add: $12 Mil
Estimated Cash on Cash Return: 11%
Estimated Internal Rate of Return: 16%

Warrior team
shout outs:

Which Warriors helped you with this deal, and how?

I don’t have a coach but multiple people in the group were supportive of me as I was getting started last year.

Any comments about your experience so far in the Warrior Program?

The networking has been great, and since I joined I’ve made offers on deals with others in the group as well as started a local meetup through people I met in this program.

How did you find this property?

Through a broker I built a relationship with

How did you structure the financing of this property?

Fannie Mae

Was this a joint venture or syndication?


How did you raise the equity?

Partnered with a client of mine who is a high net worth individual

What was the equity raise?

$2.7 Mil

What are some hurdles you had to overcome to get this deal done?

Since this was our first deal as a GP, we had to prove that we were qualified buyers who would get to closing. Having been a broker for years, I structured our offer letter to includes resumes of the principals involved as well as completed the buyer questionnaire more thoroughly than anyone else did. We went contract to close in 7 weeks.

What are some of the lessons you learned with this deal?

Staying top of mind with brokers is key. We got an early look at this deal since we were calling brokers on a regular basis to make sure they knew we were serious buyers.

* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.