IndefiniteHorizon @LongTermOwner

Deal guy for fund w/ $2B portfolio. We don’t sell. Sharing things I hear along the way. Joined May 2023

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IndefiniteHorizon @LongTermOwner

a year ago

Anyone here involved in NNN Walgreens deal? Have a very specific one I’d like to buy and can’t seem to dig up the owners info. Will happily pay you a fee. Nothing unique about this deal, other than it’s adjacent to a center we own.

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IndefiniteHorizon @LongTermOwner

a year ago

Industrial friends: What’s the ICSC / NMHC of your world?

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IndefiniteHorizon @LongTermOwner

a year ago

This is the brutal part about strip malls. There are soooooo many brokers. There are like 5 top tier brokers slinging apartments in Florida that account for 95% of the market.

StripMallGuy @realEstateTrent

a year ago

End of Year Summary: Brokers Spoken: 2,665 Strip Malls Purchased: 7 Total Dollar Value: $36.2M Days posted here in a row: 365 Percentage of dollars deployed as a result of this account: 82%

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IndefiniteHorizon @LongTermOwner

a year ago

2024 Closings Jan-Nov: 0 Dec: 3 🥵

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IndefiniteHorizon @LongTermOwner

2 years ago

I am not from the south. My brother-in-law married a wonderful woman from Birmingham. His four children (aged 8 thru 14) refer to me as “sir” and my wife as “ma’am.” Yes, sir….Thank you, ma’am. Not sure is this is common, but it’s great. I appreciate the respect.

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IndefiniteHorizon @LongTermOwner

2 years ago

@seandsweeney Look into the Buffalo Club. Similar concept, though it’s not a warehouse. Pool, firnsss, dining, hotel, health focus, etc.

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IndefiniteHorizon @LongTermOwner

2 years ago

@realEstateTrent Steady eddy. Doesn’t appreciate like the Smile States, but its consistent. One can pay a tighter cap in the southeast bc of the underlying growth; that exists only in pockets of the midwest.

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IndefiniteHorizon @LongTermOwner

2 years ago

@shagbark_hick Can’t speak to recent purchases, but historically these have often been owned by Indian immigrants. They live there, work there, hire family and keep costs to a minimum. A friend literally grew up in one; one turned into two; two the three. He’s now grown and owns hotels. Grit.

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IndefiniteHorizon @LongTermOwner

2 years ago

@resetbasis would love to see how they solve this one to a 18% IRR

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IndefiniteHorizon @LongTermOwner

2 years ago

@resetbasis “Our interests are aligned!”

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IndefiniteHorizon @LongTermOwner

2 years ago

All those deals I submitted on last week…they don’t pencil anymore.

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IndefiniteHorizon @LongTermOwner

2 years ago

@realEstateTrent Good chance Dave just wants an acquisition fee, disposition fee, guarantee fee and 50% over an 8%.

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IndefiniteHorizon @LongTermOwner

2 years ago

@MichaelHook_CLE The city of Cleveland turned out less than 40%. Dems can’t win with that turnout.

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IndefiniteHorizon @LongTermOwner

2 years ago

@kylematthewsceo x.com/longtermowner/…

IndefiniteHorizon @LongTermOwner

2 years ago

You can turn off CNN/Fox/ABC. Just look at the 10 year treasury yield. The Trump Trade is back with a fury. Strong dollar, high yields. Get used to this, at least in the short term. #Election2024

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IndefiniteHorizon @LongTermOwner

2 years ago

You can turn off CNN/Fox/ABC. Just look at the 10 year treasury yield. The Trump Trade is back with a fury. Strong dollar, high yields. Get used to this, at least in the short term. #Election2024

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IndefiniteHorizon @LongTermOwner

2 years ago

@redwood_ryan_a So change waterfall to multiple hurdle. Time less of a factor.

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IndefiniteHorizon @LongTermOwner

2 years ago

@investingcre In other words, my spread is too low!

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IndefiniteHorizon @LongTermOwner

2 years ago

Who are the top investment sales brokers in Texas (Dallas) covering power centers, grocery anchored and neighborhood retail centers?

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IndefiniteHorizon @LongTermOwner

2 years ago

I’ve bought deals from publicly traded REITs, significant REPE firms, national developers and mom&pops. Deal sizes of $3m to $99 million. It’s a lot more work to convince the bigger firms to select us. Buyer interviews, sealed bids, multiple bidding rounds. But once the deal is signed, it’s smooth sailing. Populated data rooms and a seller team that is fully engaged and responsive. The IC said sell, and damn they’re going to make sure they don’t do anything to screw that up. The mom & pops are easier to “convince.” But damn, the process sucks. More emotion; they’re represented by a one man law firm and it’s harder to get info. Buying a deal from a local mom & pop developer. Built a few years ago. Access agreement signed 2 weeks ago. They’re still trying to find the as built drawings and warranties. You built it 3 years ago. How did you lose the drawings and warranties?