Long time listener, first time caller.
Been lurking for the last few yrs and found some confidence to start Brick Row based on the lessons I learned on this bird app.
Quick intro / background:
I run a lean investment/ development firm in Austin, Texas focused on on two strategies -
Strategy A: Office Reset - meaning the opportunity office investors have ahead of us to reimagine the workplace and office assets, given the reset basis (assume > 40% discounts across the board).
Strat B: infill mixed use. This is a land focused thesis, looking for the best sites and determining the optimal mid term use for a) cash yield b) entitlement enhancement and ultimately c) appreciation in land value.
@LabsandPlanes@FlyEaglesFly529@mnestler40 Meaning - I don’t think we’re talking about leaving a National Champ Princeton to runner up ND. UVA not at the same level anymore
@LabsandPlanes@FlyEaglesFly529@mnestler40 Presumably there are 10-12 schools of equal caliber for the total package that would be solid landings for most of the roster?
@realEstateTrent Been thinking about this for us. If/when Office returns to just being levered beta on us employment.
Today still feels like our bets are contrarian and lonely
@mhp_guy Not to @mcuban level but in 2013-2015 I did this to six “legends” in CRE and PE across Texas and the Midwest. One of whom I just showed up at his office (out of state) for a 12 min meeting…I don’t think he’s heard of me yet either 😂😂😂
@CristinCulver Agree. Relative to other cities austin seems to have a younger class of entrepreneurs who “make it” and then go all in on the kids / fam / community.
But that’s easy to see when Austin is the best place in America to raise a family