In this episode, Emily Wood and Kayla Hankins sit down with Adam Dunn, managing director at Berkadia, to explore his unexpected journey into commercial real estate, the impact of AI on the industry, and the priceless lessons he’s learned from his very first deal to closing nine-figure transactions. Tune in to discover Adam’s insider secrets on balancing work and life, building enduring professional relationships, and the innovative strategies driving his success.
Adam Dunn always dreamed of working in real estate, inspired by his parents who were residential realtors. However, during his college years, he took a commercial real estate investment class that completely changed his career path. Adam realized he was more interested in the business aspects of commercial real estate than in residential sales. Just five days after graduating, he began working at a property management company in Charlotte, North Carolina, managing around 14,000 apartments. This pivotal experience started at a career fair where he seized the opportunity to apply for his first job in commercial real estate investment.
Below are the key takeaways from this episode:
- Finding Passion Early: Adam Dunn’s inspiration to get into real estate came from his parents who were residential realtors. However, a commercial real estate investment class in college steered him towards the commercial real estate sector. This shows the importance of early exposure and education in shaping career paths.
- Value of Hard Work and Humility: Adam shared his early career experiences, including working as a leasing consultant for a modest salary. These experiences were humbling yet enriching as they allowed him to understand various facets of the real estate business. His story emphasizes the importance of starting from the bottom and working one's way up.
- Networking and Relationships: Adam reiterates the critical role of maintaining relationships in the commercial real estate world. Despite moving on to larger deals, he reflects on his first deal and the personal connection with his client, showcasing the long-lasting impact of building meaningful relationships.
- Leveraging Technology: Adam discusses his latest venture into AI to enhance efficiencies in creating real estate marketing materials. This not only highlights his forward-thinking approach but also underscores the inevitable disruption that technology brings to traditional industries.
- Mentorship and Giving Back: Reflecting on his mentors, Adam explains how various influences have shaped his career. He now actively engages in mentorship, responding to professionals seeking advice, and emphasizes the importance of paying it forward to the next generation in the industry.
Todays guest, Adam Dunn, can be found online at:
Email: Adam.Dunn@berkadia.com
The CRE Deal Room Podcast: https://creators.spotify.com/pod/show/adam-dunn24
LinkedIn: https://www.linkedin.com/in/adamdunncre/
X: @AdamDunnCRE
Your host, Emily Wood, can be found online at:
Website: https://www.thehuntingtoncreative.com/
LinkedIn: https://www.linkedin.com/in/emilylwoodny/
X: @emilyincre
Instagram: @emilyincre
Your co-host, Kayla Hankins, can be found online at:
LinkedIn: https://www.linkedin.com/in/kayla-hankins/