Crowdfunding Gone Bad?
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Crowdfunding Gone Bad?

6 months ago 0 0 452

Crowdfunding platforms like CrowdStreet offer the small investor an opportunity to invest in commercial real estate but at what cost? A Wall Street Journal article takes a closer look.

Office buildings in Sandy Springs near Atlanta

Real Estate Investing: The Long and Short of It

1 year ago 0 0 824

Real estate developers and investors once played the long game, and it paid off. Today, buyers are stuck in the long game but with low yields and little potential for value appreciation.

Proposed Changes to 1031 Exchanges

An End to 1031 Exchanges?

2 years ago 0 0 940

The current proposed tax legislation on 1031 exchanges could impact a variety of users of the tax break and will most likely result in unintended consequences and unrealized benefits.

Real Estate Advising for Family Offices

Real Estate Advising for Family Offices

2 years ago 0 0 877

It makes good sense for Family Offices to strategize with a real estate advisor if they want to invest in real estate for long-term wealth growth.

Death and Real Estate Decisions

DRED: Death and Real Estate Decisions

3 years ago 1 0 1234

Most people view making decisions about death with dread. No one likes to think about his own demise, but it is important to make smart decisions now, especially if you own real estate.

Considering Investment Strategies Following COVID-19

The Only Thing We Have to Fear is Fear Itself

3 years ago 2 0 1196

As we emerge from this economic catastrophe caused by the fear of COVID-19, we need to consider how we take advantage of the investment opportunities it will present.

Home Depot's Bernie Marcus Philanthropy in Atlanta, like the GA Aquarium, has multiplier effect

Philanthropy in Atlanta: The Multiplier Effect

4 years ago 0 0 1118

We are accustomed to seeing headlines about big philanthropic donations or seeing billionaire’s names on buildings, but do you ever stop to think about the massive multiplier effect these philanthropic donations have? On everything from job growth to real estate worth to quality of life? In Atlanta, we have a multitude of big givers—from Home Depot’s Bernie Marcus and Arthur Blank to the Coca-Cola-affiliated Robert W. Woodruff Foundation to CNN’s Ted Turner. Let’s take a deep dive into how philanthropic giving impacts Atlanta, focusing specifically on Bernie Marcus. Growth of The Home Depot The Home Depot got its start with two entrepreneurs and two Atlanta stores, one in Doraville and one in Decatur, in former Treasure Island locations. Marcus and Blank grew that humble beginning to 2,200+ stores, simultaneously profiting from the DIY craze and revolutionizing the industry. The growth of Home Depot in Atlanta significantly impacted Atlanta. First, think

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Investing in a CRE asset without due diligence or market analysis is just not smart.

Avoid the Sins of CRE Investment

4 years ago 0 0 1093

A recent Globe St.com article “The Seven Deadly Sins of CRE Investment” argues, “Buying a CRE asset above its value or at a low cap rate is rarely a route to a successful transaction.” I couldn’t agree more. While situations exist where it is acceptable to pay up, such as the need to acquire a key piece in an assembly, I never advocate buying investment property without proper due diligence or market analysis. Unfortunately, vigorous deal competition coupled with the need to invest idle capital, particularly funds with time limits, inevitably leads investors to commit some of these sins mentioned in the article. After all, what is one or two bad deals in a large portfolio if the other deals are good, right? I disagree. Also, often individual investors invest foolishly because they are driven by the desire to avoid taxes on the gains resulting from a sale. So, they overpay to

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What is the worth of WeWork?

The Worth of WeWork?

4 years ago 0 0 1245

Business Insider posted a recent article entitled, “NYU professor calls WeWork ‘WeWTF,’ says any Wall Street analyst who believes it’s worth over $10 billion is ‘lying, stupid, or both’.” Here’s my take on this article: WeWork looks like any other office landlord, just wearing a different suit. Outside of being cool, WeWork owns nothing proprietary, and as I have argued before, there is no barrier to competition from real landlords. If it were such a great concept, office property owners and developers would be providing more flexible space options. But they wouldn’t be able to obtain financing because debt service relies on a steady and reliable income stream—which this concept certainly is not. WeWork might pull off this IPO because of the current market euphoria, but they won’t be getting any of MY money.    

Family Office: Need to Do Due Diligence

Family Offices: Do Your Due Diligence

4 years ago 0 0 1259

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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