Family Offices: Do Your Due Diligence
Family Office: Need to Do Due Diligence

Family Offices: Do Your Due Diligence

2 months ago 0 0 63

I recently read the National Real Estate Investor article “Survey Shows Family Offices Falling Short on Due Diligence for CRE Deals.” This article is 100% on point. Investors not familiar with the nuances of private real estate investments do not consider the elevated risks often posed by real estate, which result from its illiquidity, debt, lack of transparency, and reliance on a sponsor. Family-office professional DJ Van Keuren’s questions that family offices should ask during due diligence (modified below from the article) hit the mark. What is the sponsor’s track record? How long has the sponsor been in business? How much of its own money is the sponsor investing in the deal? What are some examples of deals that went south? How did you handle those situations? What is the market demand for this type of property? How many similar projects are in the local development pipeline? Has the sponsor run the numbers

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Sandy Springs' Growth Includes City Springs, the New Town Center

Sandy Springs’ Growth: Merry and Bright?

10 months ago 0 0 328

December can be a dark month, but its saving grace is the festive holiday lights. Everything is lit up and alive with energy. And as a long-time resident of Sandy Springs, I can honestly say Sandy Springs is really lighting up as well. I started talking about Sandy Springs’ growth two years ago in my blog “Atlanta’s Edge Cities Develop New City Centers.” Then, City Springs was in development. Now, it’s the city’s civic and cultural heartbeat. Efforts to revitalize retail and affordable housing are occurring in the city’s North End, as companies locate HQ’s to the area. Although Sandy Springs’ growth presents some challenges, it’s happening in a big, bright way. City Springs: A New Town Center It’s important to have a town center, and Sandy Springs has built one. At City Springs, City Hall is the anchor to a walkable, livable downtown with theaters, restaurants, retail, apartments and

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Atlanta Restaurant Bubble: Yes or No?

Atlanta Restaurant Bubble: Yes or No?

11 months ago 0 0 492

Word on the street suggests an Atlanta restaurant bubble exists even as the metro area experiences solid population growth, people cook less and many spend disposable income to dine out. Within these macro trends is continued retail development anchored by new restaurant concepts which impacts the sales of existing stores even while overall sales grow. Also affecting the industry are delivery services such as UBER Eats, online sales of prepared meals, and growing competition by supermarkets offering prepared meals. What’s the Worry? A recent Bisnow article suggests the Atlanta restaurant bubble is indeed happening. According to a NetFinancial report, “[R]estauranteurs are still seeing sales volume growth overall, with a 4% increase in the first quarter compared to 2017, [but]…more than half of the restaurants surveyed (103 non-franchised restaurants) experienced negative sales in the first quarter.” In a recent BisNow panel, RO Hospitality founder Ryan Pernice said even good restaurants with

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