Discipline Before Deals with Erik Nordstrom and Erik Strom

Property Profits Real Estate Podcast · Oct 27, 2026 · 18m

Iron Ridge Capital went more than three years without buying a property because the deals did not make sense.

That choice was not always popular with investors who wanted another opportunity. But Erik Nordstrom and Erik Strom had already lived through a major real estate correction. They knew what it felt like when a deal became stressful and financing became difficult.

In this conversation, Erik and Erik explain how Iron Ridge approached the recent multifamily market. They talk about underwriting higher rates, building their property management operation, watching property data every…