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Joseph Woodbury

CEO, Neighbor.com

Joseph Woodbury is a highly accomplished professional with a strong educational background and diverse work experience.

He holds a BA in Economics with a Minor in Strategy from Brigham Young University and graduated with a remarkable 4.0 GPA from Boulder City High School.

Woodbury currently serves as the Chief Executive Officer at Neighbor, showcasing his leadership skills and strategic acumen.

His previous roles include Business Analyst positions at The Church of Jesus Christ of Latter-day Saints, Sorenson Capital Partners, and experience as an Associate Consultant Intern at Bain & Company.

Prior to his current position, Woodbury also worked as a Senate Analyst for Senate Majority Leader Harry Reid at the United States Senate and gained valuable experience as a Valuation Analyst at Columbia West Capital, LLC.

Furthermore, he has also interned in marketing strategy at Kalood and served as a Drafter/Lobbyist for the Renewable Energies Investment Bill at the Nevada State Legislature.

Woodbury's career trajectory reflects a commitment to excellence and a breadth of experience across various industries and organizations.

Highlights

Aug 21 · linkedin

Sterling is someone you want to go to war with. You see that in the community that rose up yesterday to support his Redo announcement.

My favorite Redo post was the one below about Sterling's family. This is why so many of the best people in UT would go to war for Sterling.

He's one of the rare few that simultaneously:

  1. has the extreme intensity and insanity necessary to win
  2. is just a good human

There a some who have one or the other. But rarely do you get both. You'll lose in the short term without #1. And you'll lose in the long term without #2.

I've seen him up close make the decision to live #2 even when it made #1 a little bit harder. Utah is lucky to have Sterling and anything he works on.

Dec 7 · linkedin

Everyone knows commercial office space is in trouble. But did you know multi-family is also flashing warning signs? 🚨

The Freddie Mac multi-family delinquency rate is at it's highest level since the Great Recession!

How can this be with a nationwide housing shortage and historically high multi-family occupancy rates?

Once again, the answer comes back to debt / cost-of-capital. Multi-family investments were underwritten in a 0% interest rate environment.

With term loans maturing and interest rates adjusting upward, the math changes completely. A great investment turns upside-down overnight.

Many investors are falling into delinquency. The BEST operators are getting creative to stay above water. These owners will be way ahead when things right-size.

The leading strategy to stay solvent with adjusting rates is to find strong, repeatable sources of ancillary income to boost NOI.

At Neighbor, we've partnered with many of the largest owners of multi-family in the USA to rent out their additional parking or storage lockers for vehicle storage and/or self storage.

One of our partners just sent an email to their portfolio saying: "We expect Neighbor to be our largest source of national ancillary income in FY 2024."

If you have a multi-family portfolio and would like to partner with us, reach out to me or Skye PoVey.

#realestate #commercialproperty #multifamily

Joseph Woodbury
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Location

Provo, Utah, United States