The People’s Developer
@peoplesdevelpr
Retail Real Estate Investment & Development | Corporate Dropout
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Closed on the acquisition of this 135,000 sf Shopping Center today w/ partner. This is a big step for Panther Dev w/ plenty of work ahead Thrilled w/ our basis of $12.96 psf Look forward to sharing the transformation What value add retail deals can I look at?
Panther Development has acquired the former Carewell Urgent Care in Billerica, MA. Highlights: - Sourced Off-Market - Corner lot, Signalized Intersection - Excellent Repositioning Opportunity in a strong Sub-Market #PeoplesDeveloper
I'm looking to finance a pre-leased Valvoline (Franchisee) retro-fit deal in NY. Who should I know? $800k total proj cost 200 BP spread
Q1 Update @ People's Development. 3 Dispos right now. Not enough Acq in the pipe. Aggressively seeking our next investment. Life is hard pantherdv.com/campaigns/view…
Think I went 0-8 on offers today. hard 0-8 though. No counters, majority not even close.
I have a bank site in Troy, NY Anyone have Bank clients looking for a new location in the market?
Looking for a leasing rep opinion in Geneva, AL. Anyone on here? Retail
Dirty martini with @peoplesdevelpr. Great developer and even better person. Do deals with him.
Is anyone else's VA having issues w/ Google Voice this week and last?
At the buzzer...we closed. Final acq of 2024. Panther Development closed on a former KFC in MA. At closing, we signed a 15 year lease with a QSR operator. Bank Debt: 6.625% 75% LTV
Looking for a cost seg referral...who should I know?
Need help w/ a contact CRE friends.... Valvoline RE Manager/Director for Eastern CT or Tenant Rep for Valvoline Eastern CT Anyone?
Today at Panther: - AM Workout w/ CRE folks ✅ - Call w/ lender (STNL) - Lunch w/ diff lender (for same deal) - Mtg w/ potential JV partner (time waster) - Prospect Tenants for Former Restaurant Property - FU w/ SFH from yesterday (no luck)
I often get asked what I do for work (typically by my mom) today sums it up well -Coffee mtg w/ leasing broker - Drive to SFH adjacent to our dev site and knock on door to purchase (.5% probability) - Drive potential shopping center acq - Member Guest w/ brokers My Route:
What is the best AI tool to summarize PSA's (dates, etc) & create lease abstracts? @TopherNOW
Is anyone getting ground up multi-tenant strip retail to pencil yet? I have the dirt & the tenant(s) but the #'s never made sense. I haven't estimated anything in 6+ months...should I try again? Dirt is in CT for reference
Who is your go to PCA vendor? Property in MA for reference
Land Flip The People's Developer & partner acquired a 1.56 AC retail development site in MA We are under contract to sell to National Bank Financed through X @wduzzer92 Deal recap to follow...
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