In 1973, Steve Wynn became the CEO of the Golden Nugget at just 31 years old
That was the start of building a Billion dollar real estate empire
Listen to how he perfectly explains empowering employees to create a magnificent guest experience 👇
I just got back from the epic Real Estate X Gala in New York City
4 insights from 24 hours in Manhattan:
1. Big cities make you think bigger
Everything is seemingly bigger in New York City. The pace of life is faster. The buildings are bigger. The people are working on bigger…
Tomorrow's newsletter is packed:
• Sam Zell lost interview from 2020
• Larry Silverstein's early days
• My new favorite podcast
• And more
Join us:
therealestatedownload.beehiiv.com/subscribe
Something I have been thinking about:
Kim Kardashian & Skims
Kelce Brothers & New Heights
Reynolds/McElhenney & Wrexham A.F.C.
How can someone with a loyal following run this playbook in the real estate industry?
A product?
A service?
Media?
This is an inspiring story:
Larry Silverstein is one of the most notable developers in US history. But his start in real estate was just like any other 👇
This is wild — Avalon Bay Princeton is charging service fees for common areas
•Monthly: $76
•Annual: $600
•Move-in: $600
The apartments are brand new, but this feels excessive when the rent for a 537 sf studio is $3,140
Are excessive fees the future of apartments?
If you missed it, Blackstone announced they are acquiring AIR Communities for $10 billion
Portfolio details:
• 21,674 units
• 76 properties
• $2,913 avg. rent
• 723 avg. resident FICO 👀
• 4.3% weighted averaged interest rate
Blackstone is in a league of their own 🚀
I used to write long investment memos
Sensitivities
Data for days
Future projections
Then I realized something:
Most investors DO NOT want to sift through 30 pages of minutiae
My new memo is ~ 3 pages of text
Clarity > all else
142K Followers 4K FollowingOwns $200MM of apartment buildings (w investors). Manages 1,000 apartments. Co-founder: @reconvenela & @reseedpartners. Join my mailing list here ⬇️
46K Followers 1K Following$140M real estate owned (w investors) | 1,990 units bought & sold | $165M multifamily development pipeline | OZ Expert | 17yrs in RE | Housing Provider
67K Followers 856 FollowingFollow me for Tweets that simplify Industrial Real Estate - Levi Benkert - CEO @ Harbor Capital - all Texas Industrial all the time 🚀
41K Followers 3K FollowingBill James of Floorplans | Investing in Apartments for Families | Prev: Built $500MM Apartments; Co-Founder https://t.co/751CiyvDBA | Listen to me on Odd Lots Podcast ⬇️
31K Followers 327 Following/ 2,000 college kids have called me their landlord + many other names / professional $ borrower / ultra marathoner / luke 12:48 /
19K Followers 2K FollowingCEO @NorthlandInvest; Investor @AtlantaDream; board member and ally @Homestart_Inc; father (x2); husband @becca_krum; unrepentant TV addict; views are my own
36K Followers 464 FollowingRE Developer, doer, design & construction geek, owner @ MADDPROJECT, work from anywhere specialist, RA, NCARB. I build teams that design & build buildings.
84K Followers 1K FollowingPublicly growing my holdco to $100m & sharing everything. RV/MH park investor.
Live consulting every Fri on The Koerner Office: https://t.co/hhubrEwmxo
30K Followers 2K FollowingQuit my 9-5 in '21 to buy storage properties. Now: $21.5m acquired across 10 sites, ops managed by remote team in LATAM. Co-Founder of @Hire_LATAM.
26K Followers 1K FollowingFounder @RuncibleStudios
Architect, Designer, Consultant.
RE o/o.
Former GC.
Finding hidden value for clients 🚀
History, art, space...etc.
Newsletter + more 👇
14K Followers 611 FollowingReal estate & CMBS debt restructuring advisory & Investments | Patents x3 | Not Investment or legal advice | Follow to hear the quiet part out loud
677 Followers 1K FollowingAward Winning Journalist, Boxer, UFO Aficionado, University of Paris, Betty White College of Journalism, Best stories over a cold beer, No Budweiser….. please
260 Followers 2K FollowingI am Digital marketing Expert and Google Ads, Facebook Ads, Instagram Ads Management, Google Ads, Twitter Ads, Google Display, Shopping Ads, GMC
19 Followers 41 FollowingHelping people buy and sell NYC real estate since 2005. Spaces, places and happy faces. NYC Club kid all grown and sexyback. DM for free info if selling here!
18 Followers 155 FollowingForbidden transfers and blatant favoritism, any form of liking should not be taken seriously. If someone says you are materialistic, then just be materialistic.
5K Followers 1K FollowingBuilt an 8 figure consulting business | Now I'm helping founders grow their business through exec and sales coaching @prosalescoach
3K Followers 2K Followingbuilding @xhiring and expanded bios • previous vp at laskie (acquired by twitter) • former consultant at @pwc • amateur real estate investor
126 Followers 55 FollowingExecutive coach | Posts on mgmt, leadership, personal growth, real estate, investing, and my dogs, Finn & Lucy | Experience in consulting and RE private equity
921 Followers 765 FollowingA World class copywriter, Assisting professionals to add an extra 45k+ per month to their business by increasing their Audience + Impact + Sales/ DM Me For Info
17 Followers 62 FollowingCRE broker • 15+ years exp • off market deals • debt & equity • access to LP's with 1 Billion + of equity to deploy into CRE • NY'er who fled to Miami pre Covid
19 Followers 100 FollowingLakeland is a Private Credit Firm specializing in Real Estate investment. We specialize in investing in projects and sponsors seeking funding or facing equity s
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