Every real estate development needs capital, but choosing the right investment partner can be just as important as choosing the right project.
In this episode of the RMS Real Estate Development Podcast, Curtis Way is joined by Darin Rayburn, President of the Real Estate Equity Division at KB Capital. With more than 35 years of experience leading major real estate organizations, including Cambridge Shopping Centres, Oxford Properties, Melcor Developments and now KB Capital, Darin shares practical insights into how developers and investors structure successful real estate partnerships.
The conversation explores the differences between joint ventures, limited partnerships, equity investments and REITs, while providing a behind the scenes look at how professional investors evaluate development opportunities before committing capital.
Darin explains why experience and track record matter, how lenders and equity partners assess risk differently, and why understanding the downside of every deal is just as important as believing in the upside.
Whether you're an experienced developer looking to structure your next project or a first time investor considering real estate partnerships, this episode offers practical guidance on raising capital, managing risk and choosing the right partners.
In this episode:
- Darin's journey through more than 35 years in commercial real estate
- How KB Capital evaluates investment opportunities
- Why developer experience and track record matter
- The difference between debt financing and equity investing
- How professional investors underwrite risk
- Why liquidity and cash calls matter
- Joint Ventures vs. Limited Partnerships
- The pros and cons of investing through REITs
- Understanding investor control, liability and liquidity
- Questions every investor should ask before committing capital
- How to protect yourself when investing in development projects
- Why partnership agreements are critical to every deal
One of the key messages throughout the discussion is that successful real estate investing is not just about finding a good project. It is about partnering with the right people, understanding the risks and structuring the deal properly before construction ever begins. As Darin explains, the work that happens before the shovel hits the ground often determines whether a project succeeds or struggles.
Whether you're developing apartments, industrial buildings, retail or commercial real estate, understanding how sophisticated investors think can help you become a better developer and make smarter investment decisions.
To learn more about the RMS Group, please visit:
https://rms-group.ca/This series was produced by Road 55 in Edmonton, Alberta – Learn more at:
road55.caWhat is Real Estate Development: The Curtis Way?
Ever looked at a vacant piece of land and wondered how it becomes an apartment building, shopping centre, or thriving commercial property?
Join the team at RMS Group as they pull back the curtain on the world of real estate development. Through conversations with developers, investors, lenders, brokers, lawyers, property managers, and construction professionals, we'll explore the wins, the mistakes, the risks, and the opportunities behind every project.
From proformas and financing to market cycles, approvals, construction and property management, this podcast is designed for aspiring developers, experienced investors, and anyone interested in how great real estate projects get built.
Real stories. Real deals. Real lessons from the people doing the work every day.