Kite Realty Group’s Post

What an incredible 30-year run for RioCan Real Estate Investment Trust and what appears to be a long runway of growth to come. https://lnkd.in/gbBhhpKM #reits #retail #retailrealestate #retaildevelopment #commercialrealestate #transitorienteddevelopment #toronto #canada

Ironic timing this Simon Bradbury Peter Knight Brian Carlisle Richard Poole given our intellectual discussion on the portals over the cheese course and port last night Look at this ! https://lnkd.in/ecWyUmYT As the Americans would say ‘This shit just got real’ with OnTheMarket Rightmove and Zoopla (part of Houseful) having been in a bit of a stable place these last few years. The question is with this marked extra investment and coming from the angle of the ‘agents portal’ and fairer pricing will the portal crown once more be up for grabs. Because clearly Zoopla (Houseful) and OTM had clearly been carving the niche in terms of data services and supplier acquisitions and partnerships but this ‘phoney war’ now gets hot again in the core portal space to my mind. As Harry Hill (not Countrywides) used to say Fiiiiiiight…. #portals #property #estateagents #proptech Property Industry Eye

Why I Believe Buying Cheap Will Lose You Money In The Long Run! 🏠 Granted, if you are buying with a heavy discount in a great area than that is the ultimate deal. However, just owning lots of property's with no capital appreciation will actually see you out of pocket 💲 Owning great property's, in good areas with proven capital appreciation and a good rental demand means you will have a choice of tenants and appreciation earning you wealth in the long term ✅ - - - - - #property #greatermanchester #dealsourcer #dealpackager #propertyinvestment #fy #fyp #cheap #btl #brr #fy #fyp #investinmanchester #development

There's the potential for a big shake up in the new-build property sector, following the announcement of a planned Barratt Developments acquisition of Redrow. The planned changes would make Barratt Developments the largest homebuilder in the UK, knocking Taylor Wimpey from the top spot as the FTSE 100's largest homebuilder. Barratt say the merger will "bring together two highly complementary companies, creating an exceptional homebuilder in terms of quality, service and sustainability, able to build more of the high-quality homes this country needs." What will these changes have in store for the buyers of new homes and the UK housing market as a whole? https://lnkd.in/eSVHj9Z8

ESRT Acquires Two Williamsburg Properties for $26 Million Read the full article below..

ESRT Acquires Two Williamsburg Properties for $26 Million Read the full article below..

This one right here is extra special 🚀 Join us in congratulating Alpha's very own Justin Sudol, on acquiring his first investment property for his rental portfolio! And what a gem of a deal, too 💎 Major shoutout to Director of Acquisitions Joe Ireland for locking up this attractive 4-unit multifamily deal in Cheshire, Connecticut. You don't find deals like this every day. Justin couldn't pass up on the massive value-add opportunity to bring this property from a 5.4 cap all the way up to a 12.5 cap once stabilized! Going into the deal, rents were double below market, tenants all month-to-month, and only cosmetic renovations are needed. That's a DEAL any way you look at it, and especially in a great town like Cheshire where market rents for 3 bedroom units run around $2,200/month. Congratulations to our savage Director of Dispositions on his first of many! 🏆 Comment "Multifamily" with your buying criteria if you're currently looking for off-market investment deals like this one 📲 #connecticutrealestate #multifamilyinvesting #offmarket #realestate

Great start to CREFC and thank you to Deutsche Bank for hosting an outstanding event at the 1Hotel! Great spending time with our friends at Ackman-Ziff. If you are in Miami for CREFC, be sure to connect with Zander Geronimos to talk the latest on rent roll and real estate innovation. #CREFC #realestate #propertydata

A long overdue update: I am building a pipeline of opportunities to capture uncorrelated returns within the small-cap (sub $3bn EV) public real estate space (US REIT and C-Corp), coupled with traditional investment opportunities. My impetus for leaving CTO comprised a variety of factors. I have plenty of exciting stories comprising over 200 properties or ~$2bn of invested capital. Some deals I led (bought and sold) generated extraordinary unleveraged IRRs and MOICs given the short hold periods; REITs can be an exciting investment platform if you want it to be. However, it was not a one-dimensional job; the proudest moment at CTO was training Bailey Ramsby. Watching him point out the critical risks of an investment before anyone had to ask brought me a joy I cannot describe. Also, it would be remiss of me not to mention CTO's Closing Coordinator, Brandie Reid, who seamlessly handled an intense amount of transaction volume and associated deal drama (attorneys, sellers, and the always spicy title issues). Select Dispositions (Large / Medium / Small - Not Exact Values) ~$30mm - Off-market disposition of a portfolio of single-tenant assets. Which closed early this year after a multi-month negotiation with sammy virani, who was an absolute pleasure to work with. ~$13mm - Big Box Retail, sold via Armond Aivazyan. This property was one of my first COVID-19 acquisitions. Real-time foot traffic data was the key determinant for investment approval. The data provider even produced a case study on the asset (https://lnkd.in/eGFvrpad) ~$5mm - Negotiated the repurchase terms of a QSR portfolio to be sold back to the operator; the portfolio was originally a sale-leaseback (I negotiated the lease and purchase terms) acquired in FY2022 (very healthy unleveraged IRR) Select Acquisitions (Large / Medium / Small - Not Exact Values) ~$94mm - Whole Foods Anchored Center in Richmond (Short Pump), VA; it was a pleasure to work with a fellow wahoo, John Owendoff and Lane Breedlove    ~$50mm - Acquisition of an all-investment grade portfolio; multi-month negotiation with Armond Aivazyan to close it. ~$6mm - A regional grocer in WI, cheap rent and good yield given the environment at the time; one of many deals closed with Brian Brisky HQ Moved: CTO moved to Winter Park, FL, via sale-leaseback with Synovus—all stemming from a coffee chat with a former Synovus employee. Synovus was not using the entire building, which made this an attractive investment off-market opportunity in a very tight market. Let's not forget the taxes. Upon coming back to CTO, I discovered material miscalculations within CTO's corporate model; as a result, CTO accelerated its plan for C-Corp to REIT conversion. As part of my early departure arrangement with University of Virginia Darden School of Business, I wrote case studies on executive compensation and deferred taxes, so tax basis was top of mind.