Sam Gamble

Co-Founder of ReturnSuite | Former partner at CloudWorks | Commercial Real Estate enthusiast | @sam_gamble

[Sam Gamble @SamGambleRS]

We’re at the 20 month mark of a worldwide remote work experiment. My thoughts on the #CRE market going forward.

Special thanks to @antonyslumbers, @Caleb_Parker & Dave Cairns for participating in this video. 

And thanks again to @SailingOnSound

https://t.co/HhodKYNCEk

[Sam Gamble @SamGambleRS]

@benjaminbach @Caleb_Parker Yup, same concept. Focusing on the ‘cost’ side as a way of increasing NOI.

[Sam Gamble @SamGambleRS]

@MeghnaWBUR @RadioFreeTom I’m sure sure I’ll be ratioed, but I think the opposite. If one brings a small carry-on, why should they be punished & lose leg room? I think the problem started when airlines started charging for the 1st checked bag.

[Sam Gamble @SamGambleRS]

It feels like Canada is stuck on small ideas when it comes to nation building. High speed rail along the Quebec City - Windsor corridor seems like a great ‘big’ idea. Great reporting by @PaigeMTL

https://t.co/HNw7ruw38Z

[Sam Gamble @SamGambleRS]

@BobKnakal @benjaminbach @DDrolapas @Caleb_Parker @iononrecourse That 10% - 15% range is really interesting - thanks for sharing that!

[Sam Gamble @SamGambleRS]

@benjaminbach @DDrolapas @Caleb_Parker I think it’s also possible to argue that in some cases, if one buyer is willing to close at a higher price that a group of other buyers, the actual value is even higher. The winning bidder paid less than the value—they just had a better view of HBU than the market.

[Sam Gamble @SamGambleRS]

@benjaminbach @DDrolapas @Caleb_Parker Haha. For sure, it’s all forward-looking assumptions.

[Sam Gamble @SamGambleRS]

@benjaminbach @Caleb_Parker 😆

[Sam Gamble @SamGambleRS]

@benjaminbach @DDrolapas @Caleb_Parker Definitely an assumption of rationality.

[Sam Gamble @SamGambleRS]

My latest newsletter: Running the Numbers https://t.co/ItjK1v8Q9z via @LinkedIn

Why the DCF method isn't going to help flexible leasing

[Sam Gamble @SamGambleRS]

Connect the apps you use everyday to automate your work and be more productive.
My latest video:

[Sam Gamble @SamGambleRS]

@benjaminbach @creromans Lol

[Sam Gamble @SamGambleRS]

@michaeldweiss My absolute favourite movie.

[Sam Gamble @SamGambleRS]

@Caleb_Parker @benjaminbach @bobbyfijan @EllliotttB I'm a fan of using risk-adjusted NPV when cash flows become more volatile.

Expected or avg. cash flows start to make about as much sense as saying that Michael Jordan & I have won an avg. of 3 NBA championships each-might be true, but I think the Bulls drafted the right guy.

[Sam Gamble @SamGambleRS]

@lee_wilkinson2 @Caleb_Parker I'm really curious on the latitude the auditors & REITs have around valuations when preparing financial statements (practical & theoretical). Love to hear any thoughts you have @lee_wilkinson2

[Sam Gamble @SamGambleRS]

@lee_wilkinson2 @Caleb_Parker I think the right model depends on the underlying volatility. The more volatile the income, I the more the method should like slide from DCF --> Tiered/Split Income --> Probabilistic.

[Sam Gamble @SamGambleRS]

@benjaminbach @Caleb_Parker Main issue for us was short amortizations.

[Sam Gamble @SamGambleRS]

@benjaminbach @Caleb_Parker Oh, don’t get me started…is flex an investment or an operating business? Depends who you ask. My joke for a few years is the answer is whatever is worse. BDC said we were building an investment portfolio, which they don’t finance (fair, not their role)

[Sam Gamble @SamGambleRS]

@benjaminbach @Caleb_Parker I’m sure some of it is being in a tertiary market. It’s a bit of a black box, but my bet is we were treated like a business with assets to lend against rather than pure real estate lending. Like a trucking company getting a mortgage on a warehouse.

[Sam Gamble @SamGambleRS]

@Caleb_Parker @benjaminbach No, the valuations weren’t affected. It was like we had done nothing. For one building, it started with maybe 70% vacancy. We filled it up, increased NOI about 40% above a theoretically fully leased building and valuations remained the same throughout.

[Sam Gamble @SamGambleRS]

@prestonpesek I grew up in a small, remote town and as a result I think I missed out since I couldn’t imagine life in a big city until I was much older. I now live in a mid-sized city and try and give my son exposure to larger cities so he won’t have the same issue.