Kite Realty Group’s Post

Exciting News! We are thrilled to announce JAYS Properties, LLC.’s latest acquisition of a self-serve car wash in Durham, NC. This investment continues to build economies of scale while partnering with our other car wash location and allows our company to build a “Car Wash Sector”. Our group is able to hire more individuals, bring on additional investors, and help build processes around operations with cash flow positive acquisitions like these. We’re ecstatic to be able to continue to grow as a company in today’s uncertain economy, with changing interest rates, inflation, and uncertainty around future evaluations. Jack C.Y. Yen and I have continued to have daily conversations about our current and future portfolio on how to mitigate risks around our assets to best insulate ourselves around things we cannot control (interest rates, inflation, etc.). This acquisition allows us to grow organically and conservatively as we continue to invest in recession resilient assets. Want to be a part of the journey? Reach out and let’s see how we can help you become financially free! #investing #investmentrealestate #investmentopportunities #realestate #carwash

🚗 Second Carwash Aquisition This Year! 🚗 In the midst of shifting market dynamics and rising debt costs, our steadfast business investment philosophy endures: we seek out asset classes that exhibit resilience during economic downturns. While predicting the future remains elusive, our team relies on data and facts to guide our strategic decisions. 📍 The Significance of Location: Just like any other real estate venture, the success of a carwash hinges on its location. Our recent acquisition boasts a prime spot on one of Durham's busiest streets, satisfying our first fundamental criterion. 🌱 Nurturing Growth Potential: Moreover, the surrounding area is undergoing exciting new developments, which augur well for existing businesses, including ours. This translates into a promising landscape of potential customers and growth prospects. 🔧 Maximizing Operational Efficiency: Additionally, our lean operational model, complemented by a well-planned business strategy, will continue to propel revenue growth. Notably, our second location is strategically positioned just 10-15 minutes from our first one, enabling us to achieve a more streamlined and efficient operation. We are wholeheartedly committed to optimizing our processes to deliver unparalleled service. At JAYS Properties, LLC., Apurva Shah and I firmly in no shortcuts to reach success. Our ability to pivot and adapt to diverse environments and challenges has shaped us into a distinctive boutique investment firm. We do not engage in deals for the sake of fees; rather, we pursue them because we wholeheartedly believe in their strong fundamentals. Let's navigate these shifting market currents together and continue to fortify our resilient portfolio. 💼 #RealEstateInvestment #BusinessPhilosophy #Resilience

Thank You for all those who attended the Deal Maker Series Launch! A huge thank you to everyone who attended the launch of the Deal Maker Series. Sean Tate's incredible presentation covered the key items for lease negotiations, with insights for both landlords and leasers. He also explored essential analysis for purchases, sales transactions, and partnership structuring. Hosted by Champions of Change, the Deal Maker Series is designed to equip you with the tools and knowledge to navigate today's real estate and business landscape. Stay tuned for more from this exciting new series #DealMakerSeries #ChampionsOfChange #RealEstate #BusinessNegotiations #ThankYou

Some insights from being active in the market today: (Feedback from a very experienced broker in the FL multifamily market) Call for Offers was this week on an institutional-grade deal, 2010s vintage. They received: 📈 60 tours (the most he and anyone in his firm has ever seen) 🤝 33 offers from qualified buyers 🤫 8 were at or above the guidance / whisper price ✅ Our team was in the mix, but toward the upper end of the middle tier, and were not invited to the B&F round. Some takeaways: 💥 This is a sign that the dry powder that's been on the sidelines is getting more active, possibly even aggressive; transaction volume will continue to increase and we'll see where pricing goes. 📈 We should expect that a flight to high-quality assets will drive up pricing on these. 🏘 Perhaps we'll see the spread between older and newer vintage deals widen. 🔥 ATX Acquisitions submitted three offers this week--2 in FL, 1 in TX. We may not be invited to best & final round on any of them, which is fine--we're being diligent and downside-protected, avoiding deal heat.

⭐️💫If you know me you know I'm always looking to better myself, my family, my companies and my staff. Being an entrepreneur doesn’t always mean you have the best way. And when you find the better model-you run towards it⭐️💫 The phrases "end of an era" and "bittersweet" often accompany narratives of businesses undergoing mergers, or changing ownership. While these sentiments resonate with me to a degree, the dominant emotions I've experienced are pride, joy, excitement, and a sense of legacy. It is with great enthusiasm that I announce the merger of UTZ Real Estate with eXp Realty. We are now the UTZ Group. Prior to founding UTZ Real Estate 15 years ago, I had the opportunity to work with several brokerages, yet none have left an impression on me quite like eXp Realty. Its remarkable growth trajectory and record-breaking transaction volumes stand as a testament to its excellence. I find myself in the company of outstanding Realtors, Team Leaders, and fellow former Brokers, all of whom contribute to a culture of unparalleled professionalism and camaraderie. eXp Realty's business model is exemplary, reflecting a comprehensive understanding of what agents seek in a brokerage. A key factor in its success is their Agent centric model where we are the owners of the company, fostering a culture where enhancing educational opportunities, technological advancements, lead generation, and legacy creation are unparalleled. The freedom to operate under one's brand while benefiting from robust support systems offers a synergistic approach to success in real estate. My ethos in business has always been to serve as a resource for my clients, empowering them with the knowledge required to make well-informed decisions. With this in mind, I invite you to explore the eXp Realty model further. Let’s engage in a discussion about its merits and why so many Realtors are choosing to align with eXp Realty's vision. As the fastest growing brokerage- with the highest number of transaction volume in the country, it’s a business decision I couldn’t overlook, and neither should you!!

Start now and join the conversation! With OneKey's acquisition of Mid-Hudson MLS, the largest MLS in New York is now even bigger. What impact do you think this will have on the real estate industry in the region? #RealEstate #OneKeyMLS #MidHudsonMLS

Yesterday at Nareit’s #REITWeek, #Macerich addressed our next steps after recently unveiling our Path Forward plan. One key takeaway: We’re prioritizing NOI growth with a focus on high-performing properties, such as our six-pack of powerful assets on the Eastern Seaboard. To listen to the replay, visit investing.macerich.com. To learn more about our next steps, see our Path Forward plan: https://lnkd.in/ggRyWZ6f #REIT #RetailRealEstate #PathForward #NOI 

Creative thinking is essential in these uncertain times. Interest rate hikes have eroded investor returns, but there is no need to borrow money at high rates. Instead, investors can team up with funds to buy properties in expanding niches. This creates a win-win for both parties: funds get access to high-quality assets, and investors get to participate in a growing market. The beauty is that as funds move their money so will their return vs. keeping it on the sidelines doing nothing. The idea that funds are waiting for distressed properties to surface is unlikely because if we Survive COVID-19, this bump in the road is nothing for us today. Instead, we should focus on the opportunities that lie ahead by working together to thrive in this new environment.

We got comfortable with this one pretty quickly. We’re not only back in Ohio, we’re back in the Youngstown market again. We did yet another deal with our great friends and partners at LOCATION. Commercial Real Estate - who I’m now losing count with on transactions our companies have done together Late last week, LC ZIG Warren, LLC acquired the Lazboy in Warren, OH 📍: 2075 Niles Cortland SE 💰: $2,000,000 🤝: Dan Sanfilippo led the acquisition effort for Zucker Investment Group who was represented by Jacob Eganhouse of LOCATION. Commercial Real Estate the seller was a local investor using local representation on the deal 💸: Busey was the lender (shocker, another repeat party to this transaction) 📝: this deal marks our 33rd acquisition across 16 states, including our 4th in Ohio in as many years. Our little company in Charlotte has now done over $50m in transactions. While I’m proud of this accomplishment, we are only just getting going. Between the talent, relationships and infrastructure that we now have in place, I have complete conviction that we have done in 4 years can be done each year. So for those of you who have invested, done deals or even tried to help us in any way, we are incredibly thankful. More to come❗️ #realestate #acquisition #retailrealestate #zig #commercialrealestate