Think I’m addicted to Twitter.
My friend texts me, “Hey, I have a quick question about my new apartment lease, have a sec?”
Me: “Do you mind tweeting your question so I can retweet with my reply?”
Friend: “I don’t even have Twitter. Ugh, nevermind.”
Approved a survey proposal today from a Twitter connection for a 29 acre site we put under contract in Houston. Thanks for reaching out @JHoebelheinrich This platform continues to amaze me. #retwit
@MrFamilyOffice Debt Available - 10M-1B+ for National Projects/
50M-1B+ for International Projects
Developers - Seeking Equity to Complete Capital Stack
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Lease rates continue to skyrocket!
We just signed a Chipotle & Aspen Dental in a shovel rdy multi-tenant pad in the $60’s & $50’s NNN.
Construction, land & financing cost giving very little option but to be in the $50-$60’s NNN on new build retail.
#CRE#RETWIT
@seanpatward "He said there's three ways to beat somebody: You outwork them, you out-think them and then you intimidate them," says 1964 U.S. Open winner Ken Venturi about Ben Hogan on ESPN's SportsCentury show (Friday, April 30, 10:30 p.m. ET).
Hard to post this week. 5 loan closings scheduled in the next 45 days.
$6.6MM - Construction Loan RI
$6.3MM - Construction Loan TX
$4.0MM - Land Loan TX
$2.7MM - Loan Extension TX
$2.5MM - Land Loan TX
5 Different Lenders, all repeats.
4 Banks
1 Private
Questioning a sixth.
Real estate has always had a special place in the heart of family offices
And now family offices have spoken... they picked their #RE winners and losers for the next 12 months
Winners:
- 30% of family offices have reported that they plan to expand their exposure to residential real estate in the next 12 months
- particular focus on multi-family residential backed by consistent rental growth
- undersupply of US housing and ability to reset leases cited as reasons for bullish sentiment
- 13% of FOs plan to increase exposure to industrial RE with continued interest in warehouses and logistics centers to support e-commerce and onshoring. Also interest in towers/data storage
Loooosers:
- only 7% of family offices looking to increase exposure to office space (12% looking to decrease). Feeling is that tenants are opting for newer tech-enabled spaces)
- 4% looking to increase exposure in retail (10% looking to decrease). FOs cite rise of e-commerce as reason for demise of retail sector
- there is interest in private lending in office/retail as higher rates and tighter lending standards kick in. Opportunistic deals on private credit could be the silver lining for FOs in the space
#retwit ... are family offices getting it right?
source: Goldman Sachs 2023
#1 takeaway from our Global Investment Forum.
The current market favors a broad approach to debt and a narrow approach to equity.
Debt: Having multiple sources of capital that favor differing products.
Equity: Finding unique opportunities investors can’t find elsewhere.
A Chick-fil-A in Washington State just sold at a 4.22% CAP Rate.
Sometimes it just comes down to one buyer falling in love with the deal.
And that's the beauty of real estate.
#cre#retwit
Congrats to the brokers that already have a large presence on #retwit.
You’re an early adopter.
Just connected a few dots from other people and platforms, and concluded that retwit is really gonna explode in the next 12-24 months.
An early presence is huge.