7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243
The Lead Sponsor - Real Estate Investing Through Syndications and Funds
English - February 14, 2023 07:00 - 44 minutes - 31 MB - ★★★★★ - 55 ratingsInvesting Business Entrepreneurship david robinson real estate investing apartment investing multifamily investing apartment syndication multi-family syndication cashflow investing multifamily apartments Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Dan oversees all aspects of the Progress Realty Partners’ Based out of New Jersey, operations, including investment strategy, asset management and tenant negotiations. June 2019, 7 Properties, 220MM Total 70 Lead sponsor.
Show Highlights:
Business OverviewYield Driven Private Equity FirmIndustrial, Retail Centers, Multiamily East Coast, Demographic InReturn Focused. Two main Principals 22 EmployeesDebt Brokerage JourneySmall Retail FirmTook it from 15 MM to 400MM2016-20172019 -Needed a partner with a balance sheetOver vision70% of capital stack is debtKathy AndersonDebt BrokerageIdeal Opportunity90% occupied retailStabilized10-20 Case Study - 143 Units - Winston Salem. April, C- class, 3 property portfolio, Marcus and Millichap Off Market3.4% Interest 2 years I/o17-11 Million - Refinance and Hold. Final FewHow do you make the deal sourcing process more efficiently?
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