Hit 5,000 followers a few weeks ago, so reintroduction for the new people. Developer/Sponsor in Salt Lake City, started off flipping houses and brokering cre Currently building/buying a variety of asset classes within a drive from my house Current portfolio & pipeline is about $30M +/- • 7.75 acre retail development -build to suit gas station -multi tenant retail - flex industrial in the back • 19,200 SF spec industrial building, small bays, 980-1680 SF - 4,096 SF existing office building • 42,000 SF of self storage and industrial • 12 townhomes built ground up • 16 units of value add apartments • 7 townhomes in planning Plans for ‘25 are much of the same: industrial, retail, storage, and residential. Maybe bringing construction and property management in house, but the last two are probably a ‘26 item I have a podcast where I share what I’ve learned from people much smarter than me, and a mailing list for more details on what’s going on in the market. Both 🔗 are in the bio.

Lots of learning lessons here, excited to do more: 1. Construction on these goes very quickly, if you close and start construction the next day, you can generate some massive IRRs. Interest reserve was massively over budgeted. 2. Tenants only care about chunk pricing, all drive by sales, it’s not $48 NNN, it’s $5500 per month 3. Drive thrus add a lot to site costs 4. AM vs PM traffic matters a lot 5. Pre-leasing was a big deal for financing 6. Tenants take forever to make decisions compared to industrial 7. Will probably leave all the concrete slabs open next time to save on concrete 8. Signage is more important than I thought 9. Some tenants will do deals with no TIs and more free rent 10. Storm infrastructure is really complicated, got very lucky on how I designed it this time 11. Biggest one: lots of these franchisees have more than one concept, they will tell you where they want to be and can be an incredible resource for future deals

Military-Grade drone pilot

My photographer didn’t even chuckle at my joke

Getting some shots up

Good shit @seventhandstone

The market is panicking but I had three new investor intros today so ¯\_(ツ)_/¯

Did you know you can sell industrial condos for $330 a foot during the Great Depression? Another one closed today UYOC of 8% on for rent and 25%+ net margin on for sale.

Still no clue for those wondering

Vibes at the conference at an all time low

Frisbees have been caught

I’m going to do a 1031 exchange in this economy AMA

This chart doesn’t surprise me because it is pretty accurate to the median home price of when you were/are 25 in these generations

Going to start adding “sponsor healthcare benefits” to my operating agreement’s manager compensation section on future deals

An update

The real dating advice twitter needs today

On date #5 with this girl. At what point should I bring up my opinions that A) american fire trucks are too big B) data centers are great

The only photo I got from @ReconveneLA was @DallasAptGP giving us the gospel of opportunity zone 2.0. Felt like the last supper for tax efficient investing strategies A great time per usual, my 5th year going and it somehow gets better every year. Speakers were amazing, the hospitality provided was a lesson in itself. Big thanks to @moseskagan and @SimranKagan for hosting!

“I’d rather have a gerbil, than a gpu in my house” - @utekkare Dinners at @ReconveneLA are the best.