Masters of Moments Podcast

In this solo Coaching Call episode of Masters of Moments, Jake Wurzak breaks down how to create investor reports that people actually want to read. Drawing from his experience in real estate and hospitality, Jake walks through the fundamentals of reporting with clarity, consistency, and purpose.

He shares the essential elements of an effective update, including what data to include, how to tailor content based on your relationship with investors, and how frequency and tone play a role in building trust. The episode also covers the importance of visual presentation, storytelling through numbers, and why transparency is key to long-term partnerships, especially when challenges arise.

Jake also touches on:

Balancing detailed metrics with high-level narratives



Common mistakes that turn investors off



How to use reports as a strategic communication tool



Structuring reports for quarterly, monthly, or ad hoc updates



Leveraging reports to reinforce your brand and vision



Whether you're raising capital or already managing a portfolio, this episode is a tactical guide to making your investor communication stand out.

Topics:

(00:00:00) - Intro (00:00:49) - Effective communication with investors (00:02:06) - Quarterly reports and their importance (00:04:20) - Methods of sharing investor reports (00:05:42) - Hybrid approach to investor updates (00:08:33) - Detailed walkthrough of an investor report (00:19:48) - Common mistakes and best practices (00:23:30) - Challenges of investor webinars (00:25:11) - Setting expectations for investor reports (00:28:09) - Scaling the business and team (00:31:14) - Balancing investor relations and personal investments (00:38:35) - Creating effective investor reports (00:40:20) - Evaluating hotel investments (00:46:09) - Conclusion and final thoughts



Connect & Invest with Jake:

Follow Jake on X: https://x.com/JWurzak

1 on 1 coaching with Jake: https://www.jakewurzak.com/coaching

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo

In this episode of Masters of Moments, host Jake Wurzak sits down with Greg Kennealey, CEO of Peregrine Hospitality, for an in-depth conversation on building and operating a diversified hotel platform with a focus on performance, alignment, and long-term value creation. With a career that includes time at Strategic Hotels and KSL Capital, Greg brings both institutional experience and an owner-operator mindset to the conversation.

They discuss the evolving landscape of hotel investment, from pandemic-driven shifts in demand and staffing, to the renewed importance of leisure travel, stress-testing models, and driving performance across both luxury resorts and extended-stay properties. Greg also breaks down the founding of Peregrine, their vertically integrated approach, and how alignment and talent are central to outperforming in any market cycle.

They also cover:

How the best hotel companies earned loyalty by prioritizing staff during COVID



Lessons from KSL on underwriting, capital planning, and long-term investing



The rise of experiential and independent resorts—and where they see opportunity



Why owner-operator models outperform in today’s capital environment



The critical role of KPIs like labor margin, guest satisfaction, and revenue flow



Designing phantom ownership structures to retain and reward top hotel talent



Building a culture of accountability and innovation from the ground up



This episode is a masterclass in hospitality execution, told through the lens of someone who has scaled both iconic resorts and margin-driven select-service portfolios—and believes the best teams win every time.



Links:

Peregrine Hospitality - https://www.peregrinehg.com/

Greg on LinkedIn - https://www.linkedin.com/in/greg-kennealey-946b715/



Connect & Invest with Jake:

Follow Jake on X: https://x.com/JWurzak

1 on 1 coaching with Jake: https://www.jakewurzak.com/coaching

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo



Topics:

(00:00:00) - Intro

(00:01:32) - Resilience and Challenges in the Hotel Industry

(00:03:12) - Investment Strategies and Stress Testing

(00:04:59) - Balancing Leisure and Corporate Travel

(00:08:21) - Operational Challenges and Innovations

(00:34:13) - The Role of Location in Hotel Success

(00:38:51) - Conviction in Hotel Investments

(00:41:07) - The Complexity of Hotel Ownership

(00:41:48) - The Owner-Operator Model

(00:44:49) - Sales Strategies and Exit Timing

(00:47:21) - Rapid Acquisition Challenges

(00:50:12) - Building an Entrepreneurial Venture

(00:54:24) - Operational Oversight and KPIs

(00:58:40) - Managing Labor Costs

(01:01:26) - Investing in Experiential Resorts

(01:09:02) - Food and Beverage Strategies

(01:15:52) - Future Goals and Favorite Hotels

In this episode of Masters of Moments, host Jake Wurzak sits down with Hunt Rose, co-founder of TruCore Investments, to dive into the business of Class B industrial real estate and what makes it one of the most resilient, overlooked asset classes in today’s market. Drawing on his experience in brokerage and acquisitions, Hunt explains how TruCore’s national platform finds value in under-managed, substitutional assets and why a fragmented ownership base presents a unique opportunity for investors with a focused strategy.

They also discuss:

The risk-adjusted appeal of Class B industrial assets in infill markets



Sourcing deals through local brokerage relationships across 150+ U.S. markets



How TruCore approaches marking rents to market with legacy tenants



The business case for converting gross leases to triple net structures



Functional criteria they use to quickly screen new acquisitions



Their “100 questions” underwriting playbook and due diligence process



Fund structure, capital raising strategy, and investor communications



This episode is a practical, inside look at how a lean team is scaling a national industrial platform by sticking to fundamentals, staying disciplined, and building trust with tenants and investors alike.



Links:

Hunt Rose on X - https://x.com/nnn_industrial

Hunt Rose on LinkedIn - https://www.linkedin.com/in/hunt-rose-9229694b/

TruCore Investments - https://trucoreinvestments.com/



Connect & Invest with Jake:

Follow Jake on X: https://x.com/JWurzak

1 on 1 coaching with Jake: https://www.jakewurzak.com/coaching

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo



Topics:

(00:00:00) - Intro

(00:00:38) - Landing a deal from a Podcast

(00:03:04) - Where are you investing?

(00:06:37) - Is sub-institutional scalable?

(00:09:00) - The business case for Class B Industrial

(00:13:00) - What’s the business plan when you acquire a property?

(00:15:42) - Why are rents often times below market?

(00:18:23) - Lease renewal approaches

(00:22:21) - Converting gross deals to NNN deals

(00:24:47) - Where do things go wrong on these deals

(00:27:25) - What kills a deal for you?

(00:30:30) - Making the entrepreneurial leap

(00:36:02) - How have you fine-tuned the acquisition process?

(00:38:35) - What do you do differently as an owner that the tenant would recognize?

(00:42:14) - The advantage and disadvantage of being the money from out of town

(00:45:35) - Are there any tenants you refuse to have on a property?

(00:47:54) - Holding strategies

(00:49:58) - Establishing a Fund

(00:54:09) - Raising capital

(01:03:36) - Reporting and investor relationships

(01:08:51) - What is your favorite hotel?

(01:09:55) - Get in touch with Hunt

In this episode of Masters of Moments, host Jake Wurzak sits down with Brian Harper, co-founder of 11North Partners and former CEO of RPT Realty, to discuss leadership, reinvention, and the enduring relevance of retail real estate.



With a background spanning General Growth Properties, Rouse Properties, and RPT, Brian brings decades of insight from navigating some of the most complex moments in the retail sector—including corporate bankruptcies, public-to-private transitions, and large-scale portfolio transformations.



They also discuss:

* The principles behind great retail: hospitality, curation, and community

* Lessons from navigating the GGP and RPT turnarounds

* Why physical retail is far from dead—and what’s driving its resurgence

* Building culture in public companies vs. founder-led ventures

* How personal experiences, including raising a son with autism, have shaped Brian’s leadership style

* The founding vision behind 11 North Partners and their thesis on long-term, durable retail



This episode offers a grounded, values-driven look at how great retail gets built—and the personal moments that shape the leaders behind it.



Links:

11North Partners - http://11northpartners.com/

Brian on LinkedIn - https://www.linkedin.com/in/brian-harper-5431265/



Connect & Invest with Jake:

Follow Jake on X: https://x.com/JWurzak

1 on 1 coaching with Jake: https://www.jakewurzak.com/coaching

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo



Topics:

(00:00:00) - Intro

(00:01:08) - Brian’s career and background

(00:12:19) - Is retail becoming un-investable?

(00:14:52) - Experience and hospitality as an opportunity to save retail

(00:16:45) - Brian’s experience at GGP and Rouse

(00:23:55) - The collapse of bad malls

(00:27:17) - Positioning malls for success

(00:37:06) - What makes a spectacular open-air center?

(00:40:36) - What retailers are picking the best locations?

(00:42:40) - What goes wrong in retail centers?

(00:44:26) - Building 11North

(01:03:01) - Raising a child with autism

(01:17:26) - What is your favorite hotel?

Channeling a passion for the hospitality industry, Mitch Patel established Vision Hospitality Group in 1997 on a foundation of values that guide the organization to this day.  



With an unwavering commitment to excellence, Mitch oversees every aspect of the company, from investment procurement to the seamless execution of daily operations. Additionally, he oversees strategic development and implementation that has propelled Vision Hospitality Group to garner numerous awards within the industry.



Links:

Visionary Hospitality Group - https://www.vhghotels.com/



Connect & Invest with Jake:

Follow Jake on X: https://x.com/JWurzak

1 on 1 coaching with Jake: https://www.jakewurzak.com/coaching

Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo



Topics:

(00:00:00) - Intro

(00:00:55) - Mitch’s career and background in hospitality

(00:20:40) - What did you learn about risk in the early days of your company and why did you only focus on the hotel asset class?

(00:31:39) - How much do you attribute your success to your ability to develop vs. operate?

(00:39:15) - How are you able to develop 10 hotels at once?

(00:59:05) - Mitch’s passion for experiential and lifestyle hotels

(01:20:06) - What are the non-negotiables you put in independent hotels?

(01:29:54) - What concerns do you have for the future of hospitality?

(01:44:10) - What is your favorite hotel?



This episode originally aired in May of 2024