Slade Sumners

Real estate fanatic, deep value hunter, marathoner and IPA connoisseur. Working hard to be better at everything above.

[Slade Sumners @SladeSumners]

@chernobelskiy We buy core+ industrial with value-add/opportunistic level returns.

All off-market transactions focused on cash flow with below market basis.

Currently in Phoenix, Tucson, and Vegas.

https://t.co/SKlYQQhb3s

[Slade Sumners @SladeSumners]

@realEstateTrent From all parties. GP's, LP's, venture partners, tenants, lenders, etc.

[Slade Sumners @SladeSumners]

Well this aged well. Contract to close in 4 days. Great partners, transparency and execution. Let’s keep rolling. Happy Monday y’all !!

[Slade Sumners @SladeSumners]

Right time. Right place.

Here’s today’s success story going 1/1 on cold calling today.

[Slade Sumners @SladeSumners]

Threw it on the table and said “would $9-10MM change your mind to sell?”

Convo switched so fast.. thought my offer was too high to be true and asked a thousand questions about who I am / what we do as a background check.

Meeting owner on site Monday with an offer in hand.

[Hussain Nathoo @hussain_nathoo]

@maxfisherRE Every development project we have is on hold. Can buy new build assets for the same price without the development risk.

[Slade Sumners @SladeSumners]

Keeping our eyes wide open for potential distress, mostly from assets that have a troubled capital structure. While I was building out my database cold calling in 2022 and getting little traction, today this seems to be one of the best avenues for off market deals.

[Slade Sumners @SladeSumners]

Cold calling by year

2022: Take me off your list/never selling.
2023: I wouldn’t mind seeing an offer.

Sentiment has drastically changed.

[Slade Sumners @SladeSumners]

As value investors, @scottsdalejake and I were mostly on the sidelines in the past year or so and turned down 99% of deals that came our way, as they were often fully baked market prices and went over asking.

[Slade Sumners @SladeSumners]

@chernobelskiy Address? ;)

[Slade Sumners @SladeSumners]

Staying active!

[Scott Rechler @ScottRechler]

There is $1.5T in commercial real estate debt maturing in the next 3 years. The bulk of this debt was financed when base interest rates were near zero. This debt needs to be refinanced in an environment where rates are higher, values are lower, & in a market with less liquidity.

[Slade Sumners @SladeSumners]

@TAYVAY_ Calls!

[Dave Portnoy @stoolpresidente]

I Am Now the Baron of Bitcoin Featuring The Winklevoss Twins @tylerwinklevoss @winklevoss

[Dave Portnoy @stoolpresidente]

Dear @Bitcoin people. I’m coming. https://t.co/EkVdJeJd8S