Tyler Alley | DFW Strip Center Developer @tyleralley24
Dallas-Fort Worth Strip Center Developer. Competitive Advantage: Self-Perform Construction. Views are my own. Opinions, not advice. DFW Joined October 2010-
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Not my asset class but this is the level of detail everyone should know about their investments
Not my asset class but this is the level of detail everyone should know about their investments
I once received a demand letter. The letter was signed by the attorney and had a CCed section that listed the CEO of the firm. The demand was very odd and was very aggressive. So I called the CEO. Me: "Hey, not sure why this was necessary. Wish you had just called me. It's…
The line item I am most aggressive in releasing is the civil engineer. $15k for a full set of drawings is a day for day savings on our C/O timing. The more I can get designed and reviewed with the city during diligence, the more risk I can take off the table.
The best compliment we can get in this business: A tenant who tells a landowner's broker that they want to be there but will only do a deal with us. We take a lot of pride in our work and getting that compliment this morning made my day.
Malls to Strip Malls Last Mile Delivery Hospitals to Medtail I keep looking at real estate trends and I keep seeing the same thing: Convenience is King
I used to love Texas' real estate tax system because there were ways I could "win". I now desperately want more clarity. Any pain that comes from increased taxes gets passed on to the tenants. And it's always a surprise. Not fair to them.
I used to love Texas' real estate tax system because there were ways I could "win". I now desperately want more clarity. Any pain that comes from increased taxes gets passed on to the tenants. And it's always a surprise. Not fair to them.
Thought I had to miss @ICSC Vegas this year. Looks like I can make it. Just a little bit late. DM if you want to connect. I'll be around.
Here's a pad site that looks ready to go. Fire lanes all around. Rough graded. Utilities ready. One issue to keep in mind: Many cities won't let you put buildings close together in case there's a fire. Building A got a first-mover advantage - they got to max out their site…
We’re working on a few multiple pad deals. 3-5 acre sites My plan with these is to build one strip center and sell the remaining pads. If you’re an active retail developer in DFW looking for pads, please make sure to connect with me 🙏 DMs open
Retail Leasing Flyers I think a good flyer only needs six things: 1⃣ Property Visual 2⃣ Property Basics (address, size/space available) 3⃣ Property Highlights (why this property vs. others) 4⃣ Local Map 5⃣ Site Plan 6⃣ Contact Information Anything else is a distraction imo
Evan and I do similar things - he’s just better at it and his firm is way further along than mine is. Lot of lessons he’s picked up along the way, including the below. Worth the follow.
Evan and I do similar things - he’s just better at it and his firm is way further along than mine is. Lot of lessons he’s picked up along the way, including the below. Worth the follow.
This isn’t an every state thing as the limits vary state to state. But in Texas, paying off one’s home is as much about creditor protection as it is a financial decision.
This isn’t an every state thing as the limits vary state to state. But in Texas, paying off one’s home is as much about creditor protection as it is a financial decision.
I sadly never see the words “homestead exemption” in these discussions
I sadly never see the words “homestead exemption” in these discussions
Office to Resi People: Why can’t Eminent Domain be used to remove office tenants that are delaying conversion?
So much great detail in here Worth a read
So much great detail in here Worth a read
Can’t be a developer without understanding the impact of weather. About 6 weeks away from Texas not having much rain for a few months. Clock is ticking to plant areas without irrigation (disturbed off-site areas mostly). In July, the problem becomes much more expensive.
Look at the pad to the left. Ideal site for us. We’d normally have to build that fire lane, curb cut, etc. But on this one, we basically get it for free. Save on construction costs and land costs. And sidewalk already in! ❤️❤️❤️
May be small sample size But the most talented teachers I know The ones who passed on high paying jobs to be a public school teacher Are all getting out of the classroom. Too many cell phones. Too many absences. Too much poor admin.
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@tommywarboys Doggie daycare or kid daycare w playground
@tyleralley24 Same thing for me. I spent 10 years thinking my advantage was that I knew Silicon Valley really well. Turns out it was a comfort zone thing. Retail is retail
@tyleralley24 If you know strip malls you know all areas 😜
Mistakes I see new college landlords make 1. individual leases 2. not including washer + dryer 3. carpet (capital offense) 4. any grout that is not dark 5. not requiring renter's insurance 6. dropping prices too early (7 months out) 7. keeping prices the same too late (3 weeks…
We asked our 5 property managers, each with 15-30 years experience, what they wish they could tell developers before building a shopping center. Some of the things may surprise you. Article coming soon in our quarterly research report. DM your email if you want a copy.
Looking at strip malls in Dallas today. Get up early, start my drive, excited for that Texas vibe. Very first thing I see: In-N-Out Burger? 😅
Rapidly becoming a lost art: Figuring out what’s great about someone, liking them for that, and ignoring the parts you like less. Friendships w interesting weirdos make life much more interesting!
@tyleralley24 Admittedly, I don’t know the context but I’ll take the countra. While the tactics were poor, I have to think if this guy care enough about this issue to do this, it must be important to him. If it only cost me $3k, wtf do I care. Let me use this to get something else I want more.
Apparently hating open floor plans is a hot take 😅
Where you at? @NNNIncome @dtmorgan18
Just me n the boiz. Another successful RETwit gathering. Thanks to @NNNIncome for coming into town for a day & bringing us all together 🙏
@tyleralley24 Very weird on the part of the attorney CCong the CEO. Also if I’m sending a Demand Letter on behalf of a client I’m not CCinng the Client onto it. The letter speaks for itself who it’s from and what it’s about. 😅
Notwithstanding all of the current nonsense: If you have the opportunity to attend an Ivy for your bachelor’s, do it
@tyleralley24 Guessing you might not have heard from that employee going forward either.
@tyleralley24 Hahahaha....that is gusty. Both by the employee and his attorney! Claiming you represent the company when you in fact don't is...not good.
@NNNIncome 🫶 Great to meet you, thanks for putting it together.
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