Matt Bee

Dad. Hubby. Entrepreneur. Career construction nut.

[Matt Bee @JustMattBee]

@MrFamilyOffice Most small-to-mid multifamily developers I know are in the same place - you definitely aren’t alone. My team typically skirts around the residential market but there are several asset classes that can still print - admittedly not to the scale they were previous to rate hikes.

[Matt Bee @JustMattBee]

@gas_biz Truly depends on the IRR (or at least COC) of each model.

Nothing wrong with quick flip deals but looking at raw sales data doesn’t always paint the picture we think or hope it does.

[Matt Bee @JustMattBee]

Question for my fellow developers out there:

How best do you go about building your broker network? Events? NAIOP? LinkedIn?

Curious minds want to know!

[Matt Bee @JustMattBee]

I’m shocked at the amount of ppl I talk to in recent weeks that have no idea what #ChatGPT is or the recent release of #chatgpt4. I’m already implementing it into development models with impressive success. Is anyone else still on the sidelines of #AI or have you made the leap?

[Matt Bee @JustMattBee]

My team and I are seeing more of these failed developments in recent months throughout the southeast and specifically in Florida - picking them up for relative pennys on the $.

Curious if other developers are seeing the same in other parts of the country.

#CRE #development

[Matt Bee @JustMattBee]

@ChadGriffiths I like it. Curious if this is a product that’s got more runway.

[Matt Bee @JustMattBee]

@ChadGriffiths - hey bud do you have any interviews or reading material on Cold Storage industrial? Curious minds are filled with questions. Thanks in advance.

[Matt Bee @JustMattBee]

@maxfisherRE 15% pref (higher risk for you and sole LP)

80/20 split (LP/GP)

That’s where I’d start.

[Matt Bee @JustMattBee]

@ChadGriffiths Thank you for sharing this.

[Matt Bee @JustMattBee]

@mhprvpmvp Dude. Cut and run. I dislike being cold but the best part of a VA thru an agency is the ability to quickly delete and replace. Make the move and hold fast to your own standards.

[Matt Bee @JustMattBee]

@DailyTaxMemes Sounds like less employees are needed. If the interruption is that great, you’re spending more of your time addressing issues you’re paying employees to handle. Possibly a hiring issue, a training issue or simply too many employees period. Save the overhead and do it yourself.

[Matt Bee @JustMattBee]

@NateSmoyer I would add that while the manufacturing process saves time and material loss - local labor proves ultimately a much harder line item to contend with.

[Matt Bee @JustMattBee]

@NateSmoyer Multiple reasons Nate. A lot of the same reasons 3D printed houses are still struggling.
- Zoning
- Jurisdictional reqs
- consumer demand for this specific product
- financing

List goes on. Looking at this from a developer and GC lens it’s just a hard product to push.

[Matt Bee @JustMattBee]

@intrepidbrit @NateSmoyer This is a primary issue with this model. Ran into it personally on a few different models.

[Matt Bee @JustMattBee]

@PromoteJunkie Sounds like an exciting opportunity!

[Matt Bee @JustMattBee]

@RPAThree @CoyDavidsonCRE Dude- this is EXACTLY where my head went reading this.

[Matt Bee @JustMattBee]

@realEstateTrent Lesson one:

Never ask about insurance in an open forum.

End of lesson.

😉

[Matt Bee @JustMattBee]

@ChadGriffiths My team was recently discussing this in Atlanta. While we would love to introduce solar to our industrial and multifamily products - we are hesitant to buy in right now. Have you chatted with my developers regarding this?

[Matt Bee @JustMattBee]

@ChadGriffiths I see what you did there…

Nice.

[Matt Bee @JustMattBee]

Interviewing a Leasing Broker for a new industrial flex and office development - what are your top 3 questions?

#industrial