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7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243
- 2023/02/14
- 再生時間: 45 分
- ポッドキャスト
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サマリー
あらすじ・解説
Dan oversees all aspects of the Progress Realty Partners’ Based out of New Jersey, operations, including investment strategy, asset management and tenant negotiations. June 2019, 7 Properties, 220MM Total 70 Lead sponsor.
Show Highlights:
Show Highlights:
- Business Overview
- Yield Driven Private Equity Firm
- Industrial, Retail Centers, Multiamily
- East Coast, Demographic In
- Return Focused.
- Two main Principals
- 22 Employees
- Debt Brokerage
- 22 Employees
- Yield Driven Private Equity Firm
- Journey
- Small Retail Firm
- Took it from 15 MM to 400MM
- 2016-2017
- 2019 -
- Needed a partner with a
- balance sheet
- Over vision
- 70% of capital stack is debt
- Kathy Anderson
- Debt Brokerage
- Needed a partner with a
- Ideal Opportunity
- 90% occupied retail
- Stabilized
- 10-20
- 90% occupied retail
- Small Retail Firm
- Case Study - 143 Units - Winston Salem.
- April, C- class, 3 property portfolio,
- Marcus and Millichap
- Off Market
- 3.4% Interest 2 years I/o
- 17-
- 11 Million - Refinance and Hold.
- Final Few
- How do you make the deal sourcing process more efficiently?
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