The Human Element in Real Estate Will Outlive AI—Here’s Why | Andie Edmonds, CCIM President-Elect

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Commercially Speaking Podcast- Commercial Real Estate Investing That Entertains 1h 15m 2 speakers 6 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Timmy Barron 0:00
Well, there are two types of people in commercial real estate: the ones that talk a big game and the ones who actually put people in their place.
Bo Barron 0:08
And today we've got someone who's been elected to lead the entire CCIM universe.
Timmy Barron 0:15
Which means while the rest of you were arguing about what a cap rate actually is, she was apparently uh winning an election. President elect. President elect. That feels like we should stand. Please don't stand. I'm standing emotionally.
Bo Barron 0:41
Welcome back to Commercially Speaking the Show, where we break down investing, business, and brokerage. I'm Bo Barron, CCIM.
Timmy Barron 0:48
And I'm Timmy Barron, ADHD. And when things go to plan, I'm the host that is wildly underqualified to be in the same room as our guest. Well, today today. Well, today.
Bo Barron 0:57
Well, today's things went to plan because we're talking with the president elect of the CCIM Institute. Which is huge.
Timmy Barron 1:05
Huge. Let that's that's not just climbing the ladder. That's owning the ladder, leasing it back to us and raising the rent. That's not how that works. It is today. It means she's been recognized at the highest level in the industry. And meanwhile, I got recognized by my bank for unusual activity when buying snacks at a state. Also not the same. Well, our guest today has been at it for over fifteen years. With over one hundred million in transactional velocity. And while she's been closing a hundred million dollars in deals, I've been successfully closing my fridge at two AM emotionally. We've talked about that. Follow-up question. Does a hundred million dollars in transactions come with like uh confidence, or is that a separate package y th that you have to finance?
Timmy Barron 1:54
Separate package. Fixed rate, adjustable. Please welcome to the show. A woman who doesn't chase deals.
Bo Barron 2:00
Deals are like hey, do you have a minute? The president elect of the CCIM Institute.
Timmy Barron 2:06
And the reason I'll be underwriting my self-esteem live during this episode, Andy Edmund C C I M
Bo Barron 2:20
Thank you. Oh yeah. Well thanks for coming on. Timmy, I've known Andy for uh in fact the first time I ever talked to Andy, I remember the first time, by the way.
Unknown 2:30
Okay.
Bo Barron 2:31
She was uh we were in Chicago. We were at the one of the Either the spring or the fall forum. We didn't call it the forum back then. Ви ін Чика. And I think we'd maybe met before, but she was coming out of uh a meeting or something and we were talking in the hall and she was asking me a question, the kind of question you ask somebody when like you're trying to figure out how to make things better. Yeah. You know. And I think I mentioned something to her like Like you you you're probably gonna need to run for president or something. And she's like, Well, that's kinda why we're talking, you know.
Unknown 3:04
Yeah, yeah.
Bo Barron 3:05
And uh so it was a you know, it's a multi year process. I think you run and then like three years later or two years later, you're actually the president and Oh god. It takes a while to get there, but uh But yeah, that was the first time I ever met you, I believe. In the hallway of a hotel in Chicago.
Andie Edmonds 3:25
I'm not sure how that's gonna play out, but you know, let's go with that.
Timmy Barron 3:30
Well, Andy, um w I always start the show to get just get a little background. So if you can give us like a five minute origin story of where you're from. I know you did uh study finance in college and what got you into commercial real estate?
Andie Edmonds 3:43
Wow, that's a big question. Um So yeah, grew up in Oregon, attended University of Oregon, super proud. Go ducks. Uh my parents were ducks. Two of my kids are ducks. So we bleed green and yellow. Even my third child, while she is at Baylor University, still green and yellow.
Bo Barron 4:02
Quack, quack, quack, quack, quack, quack, quack. How uh how intimidating.
Andie Edmonds 4:09
Yeah, the fighting ducks. Um, so Oregon's always been home for me and um I went into um Finance right out of the gates. I worked for Shearson Lehman Hutton, which is now Morgan Stanley after two hundred and twenty seven mergers, I think. Um and I was a stockbroker and really enjoyed finance, enjoyed sales, enjoyed that life. Um, and then slowly but surely I started having a couple children and um

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