David Gellner

Retail Investment Sales in the Pacific Northwest | 13 Years of CRE Brokerage Experience with $500M Sold | Apartment Investor

[David Gellner @GellnerDavid]

A little about my real estate journey so far:

[David Gellner @GellnerDavid]

@MassimoGroup Where can we listen to the full podcast?

[David Gellner @GellnerDavid]

@TheMoRegalado So sorry Mo 🙏🏻

[David Gellner @GellnerDavid]

@justinhkraft Preach brotha

[David Gellner @GellnerDavid]

@MultifamilyMad Insurance market is horrible for apartments older than 30 years right now. My renewal 3x and had to spent 40+ hours trying to find a quote.

Surprised more people aren’t talking about it…

[David Gellner @GellnerDavid]

@BobKnakal Thanks for making the trip over @BobKnakal!!!!

[David Gellner @GellnerDavid]

@seanpatward So true

[David Gellner @GellnerDavid]

@kgsvisherenow 🙃😂

[David Gellner @GellnerDavid]

@CoyDavidsonCRE 1000% agree

[David Gellner @GellnerDavid]

@adamstatonsmith @MarkAllenGREA Same…

[David Gellner @GellnerDavid]

While selling NNN assets in tertiary markets has become harder than years past, we were able to leverage a long-standing broker relationship who brought the perfect buyer to this Dollar Tree in Elma.

Special thanks to Dana Johnston of Crux Commercial Partners for making the financing process easy and seamless.

SELLER TESTIMONIAL:

I am very glad to have worked with David and his team recently on both the sale of one property and our exchange into another. I have worked with him for over 4 years and found it valuable to be able to consult with him often during that time for his expertise into both his regional and the national markets. His availability and capabilities are much appreciated and I can highly recommend him for anyone's real estate representation.

[David Gellner @GellnerDavid]

@adamstatonsmith Nice job man!

[David Gellner @GellnerDavid]

@fortworthchris Just received a 60% increase on insurance renewal for one of our apartment buildings in WA so I’m gonna say no….

[David Gellner @GellnerDavid]

@seanpatward Great post and 100% true

[David Gellner @GellnerDavid]

@adamstatonsmith Ya I just got a 60% increase for renewal policy last weekend. Fun times!

[David Gellner @GellnerDavid]

Happy to announce the sale of 208th Street Station in Kent

We received 6 offers on this property during our marketing process which shows the very strong investor demand we are seeing right now for multi-tenant retail centers.

The buyer's first lender of choice fumbled the deal badly... However, our friends at Crux Commercial Partners and Dana Johnston quickly stepped up to the plate and knocked it out of the park.

As our client told me on our closing call, "The right lender really makes all the difference, huh". It sure does, especially in todays volatile lending environment.

Shoutout to Michelle Plafcan for keeping this one on track.

Client Testimonial:

We hired the Gellner Team to sell our shopping center in Kent, WA and we could not be happier with how they handled the transaction. They sourced 6 offers during their marketing process and had solutions for obstacles that came up during the escrow process. Their team makes the transaction process enjoyable and as seamless as possible. We would recommend them without question.

[David Gellner @GellnerDavid]

@MatlockLoans Awesome!

[David Gellner @GellnerDavid]

Happy to announce that our team was involved in the first sale of an Amazon Go location in Washington State.

Our local, long time client sold a management intensive asset with the goal of transitioning into quality NNN investments to simplify his life moving forward.

With the limited amount of 1031 exchange buyers currently in the market we are seeing some of the best buying opportunities for single tenant NNN in a very long time.

[David Gellner @GellnerDavid]

@rohde88 😍

[David Gellner @GellnerDavid]

@CoyDavidsonCRE Same

[David Gellner @GellnerDavid]

Our latest Pacific Northwest Retail Investment Market Update is now live!