Jordan Breck
@FlyoverCRE
Walmart Anchored Shopping Centers in Small Town America | 100 centers, $350M+, and growing | MRP Flyover REIT | Co-Founder of MRP Capital Group | EO St. Louis
Our strategy focuses on acquiring strip centers adjacent to Walmart in small towns. Here’s a snapshot of our average deal size: • 30,000 sf • $120/ft • $3.6M Our Market Criteria: • Must be a Walmart Supercenter • Walmart sales of $80M+ • Walmart min size of…
West Memphis, AR - Our first Walmart Shadow Center acquisition of 2025 is a special one It’s one of those properties we’ve driven by for years and say “we need to buy that one” Sitting between @Walmart and the intersection of Interstates 55 and 40, this center is the…
There’s a difference between real estate investors and fund managers. Are you building a real estate portfolio or an asset management business? One isn’t better than the other, but it’s important to understand the difference. It’s a question sponsors should ask themselves and…
In 2024, my company had the lowest lows and highest highs since we started 15 years ago. One lesson that will always hold true: You never know how close you are to the other side, so keep pushing. That daily reminder got me through last year and will get us through next time.
We refinanced 50 properties in the last 7 months. Last closing was today. We are back to 100% fixed rate debt with Community and Regional banks. It was a lot of work and…not always fun… Reflecting back, it says more about our team’s abilities than the prior years of hyper…
Really enjoyed speaking with @JWurzak both on and off camera. Still impressed at how quickly he understood and simplified our strategy. Appreciate you having me on the podcast.
Who knows what a Walmart shadow center is? @FlyoverCRE has bought over 100 of them in only a few short years. He uses cell and private Walmart store data to identify his buy box. Watch this. 👇 0:49 - Jordan’s experience building a real estate company 5:33 - Why most folks…
We need shopping centers next to Walmart in Small Towns. We’ll buy single properties or portfolios. Shoot me a DM with any leads! #stripcenter #shoppingcenters #retail #walmart
Great story on a great guy @ItsRajTut
Going from a $13k mobile home to over $100 million in apartments doesn't come without challenges. Thanks to @StephKukuljan for capturing some of my story in @stltoday. Check out the story here: stltoday.com/news/local/bus…
Many retailers have come out with lower earnings and tighter expectations of consumer spending. I’ve been reading articles and hearing industry analysts talk about their surprise given “positive” data around the economy. I’m somehow always surprised the disconnect analysts have…
Love seeing a line for a grand opening! The result looks simple, but this deal started more than a year ago and involved so much hard work from so many people. Five Below, our team, GCs, their subs, the city, and more, put a lot of work in every new store opening. I try to…
Had a great conversation with @ItsRajTut on his podcast. The highlight for me is discussing the similarities in our strategies. Just like Raj and I work in very different asset classes, there’s more commonalities throughout CRE that can be applied to everyone’s business.
Ever wondered how companies become the largest in the world at what they do? 💭 Well, I found my answer in a recent conversation with @FlyoverCRE.
Great articulation of the unsexy truth about growth @kylematthewsceo . What isn’t talked about much is complaining about the hard times while you’re in them is not part of that path. It comes with the territory and can be hard to keep out of that mindset.
There is almost no path to living a life most people aren't able to, without for a period of time having to live a life most people aren't willing to.
Go meet your national tenants at their HQ. It will be some of the best time you can spend. Last year we went to two in one day. One left us feeling bullish on their longevity and growth potential. The second made us concerned and our strategy with them changed quickly.
There’s been a lot of talk about Sponsors and their display of returns. The metric to pay attention to is return vs. projected return. How someone performed compared to their projections is what matters. It matters because every deal is different. The return projections will be…
Sometimes X feels like all my LinkedIn DM’s and Robo-emails are yelling at me. Typically there’s a good one hidden amongst the noise.
This is the story of why we only buy shopping centers next to Walmart in Small Towns. We’ve solely invested in Rural America for almost 15 years. We’ve proven this fragmented market has some of the best fundamentals you can find. Beyond our investment strategy, we love telling…
Our strategy focuses on acquiring strip centers adjacent to Walmart in small towns. Here’s a snapshot of our average deal size: • 30,000 sf • $120/ft • $3.6M Our Market Criteria: • Must be a Walmart Supercenter • Walmart sales of $80M+ • Walmart min size of…
In the past 3 months, we’ve sold 10 properties and bought 1. I would have guessed the opposite 9 months ago. Although our asset class hasn’t made the switch to a pure buyer’s market, we are seeing more acquisition opportunities that indicate it’s getting closer.
I’ve heard “that’s going to be hard in this environment, in your asset class, etc” my whole career. From 1 property, to 20, to 100. Same feedback today. At 300 properties we’ll hear the same thing. Just keep going.
ChatGPT’s Bing add-on is a massive addition. Just tried using it to consolidate public earnings reports as a test. Things are moving quickly…
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