Robert Fitzgerald

Habitual wall tilter

[Robert Fitzgerald @robertjfitz305]

@EpsilonTheory if something breaks it's repo before it's the long bond. rrp is empty and it's quarter end.

[Robert Fitzgerald @robertjfitz305]

@YOCspread 100% agree - have been looking at deals here in Miami where peak pricing was $3mm+ an acre and need it for $1.25mm-$1.5mm max to hit a 6.5%-6.75% YOC today and sellers have been unwilling to accept reality

[Robert Fitzgerald @robertjfitz305]

@YOCspread opex*

[Robert Fitzgerald @robertjfitz305]

@YOCspread my friend what about closings costs (legal + stamp taxes), Due diligence costs, financing fees, capitalized interest, dev fee, contingency, open carrying costs and leasing commissions? that YOC gets tight quickly

[Robert Fitzgerald @robertjfitz305]

@YOCspread Amen on blue paint can't seem to get our capital partners (deal by deal JV's) to move off of it. Our preferred color palette is more earthy tones that don't look like shit and don't wear down super quickly

[Robert Fitzgerald @robertjfitz305]

@YOCspread @Snowball_Dev @DanielHerrold Agree Better product better markets more liquidity - lower exit caps - lower yield needed to hit value add spreads. Personally, we'd rather make our spread building and owning the best of the best than hoping there is sufficient liquidity to exit lesser product in lesser markets

[Robert Fitzgerald @robertjfitz305]

@twallyweb were you able to get deposits and use a portion as equity like resi condos?

[Robert Fitzgerald @robertjfitz305]

@ChadGriffiths How many moderately sized data centers (500mw+) can actually come out of the ground/have secured sufficient power in the next two years. I’m hearing it’s a magnitude of like 2 actually legit deals

[Robert Fitzgerald @robertjfitz305]

@YOCspread @realEstateTrent Gotta hit 7%-7.5% for institutional industrial dev in Florida rn

[Robert Fitzgerald @robertjfitz305]

@YOCspread Sounds exactly like South Florida pricing

[Robert Fitzgerald @robertjfitz305]

@ThePoniExpress zero depth at receiver - virtually clinched playoff berth. why on earth would you risk aggravating an injury like a pulled hammy over the coming weeks. Makes 100% sense to be overly cautious and actually try to win a playoff game this year

[Robert Fitzgerald @robertjfitz305]

@YOCspread for the real small bay stuff (1k-5k sf suites) - there's usually 3-4 local owners who have larger portfolio's and a handful of brokers who do most of the leasing. Can get really good data & lease comps if you know them well.

[Robert Fitzgerald @robertjfitz305]

@shl

[Robert Fitzgerald @robertjfitz305]

@RedMarrow_ Yea things really turned around for Man United when he left ……….oh wait they didn’t

[Robert Fitzgerald @robertjfitz305]

@RearLoadRambo @3NDeveloper the retail sophistication in question -> traffic counts and visibility

[Robert Fitzgerald @robertjfitz305]

@StructuralVac Sounds like a banger - can't tell if that's just an exceptional one-off deal or a canary in the coal mine for class B industrial pricing.

Haven't seen caps like that on that product type in decent locations for a longgg time.

[Robert Fitzgerald @robertjfitz305]

@ShlomoChopp If your vendor says the roof is good and the tenant says it’s consistently leaking either you chose the wrong vendor, wrong scope for the report, or the tenant is lying.

Doesn’t really work any other way

[Robert Fitzgerald @robertjfitz305]

@NersesAposhian @YOCspread https://t.co/jBjZvHSs9k

And here’s the project in Jacksonville I was referencing.

https://t.co/sQ1yJvL2rA