@AdamHKlein@DMAC_19 I don’t disagree, but it takes a strong stomach and heavy cash reserves to actually see that philosophy through. Long term you will almost undoubtedly win.
Just published a new article for the @Matthews_CRE Magazine authored by Ashleigh Liguori and me on the evolution of retail from the "retail apocalypse" to where we are now in a very healthy but new place for retail. Article here: https://t.co/RwVeH2CCpq
Everyone in the strip center world used to want long leases and credit. Now, short term leases with mark to market and no credit are preferred. More growth, especially in an inflationary market.
9. People in this business are the best in the world. I have been going to this show since 2006 and love the energy and professionalism in my industry. Always great to see old friends and make some new ones in Vegas!
Here' my notes from Vegas:
Vegas Wrap - Unanchored Perspective
1. Funds are (still) flush with cash. This is the highest paying investor type currently, but they are mostly buying only high quality, Class A properties. Will pay up, but are surprisingly selective.
...The highest profile people are in the A Class properties, perhaps the highest paid are those in the B & C space: the un-sexiest properties in the un-sexiest property type.
Home after a fantastic @icsc show. It’s amazing to get live face time with the people I work with all year. And it’s always great to come home to Atlanta. As I looked down, I realized how well I know this place. Recognized three different properties I’ve sold or BOVed. Can’t wait to see my family and sleep in my own bed tonight.