Ep. 193 Derek Waltchack: Opportunities in the Florida Retail Market

Published: Dec. 16, 2019, 10 a.m.

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On today\'s podcast, we talk with Derek Waltchack about the retail asset class with a focus on strip centers. As Derek shares, there is a lot of misinformation about the retail asset class. Many investors steer clear of retail, especially when retail assets like malls are not doing so well -- but malls are not the real "bread and butter". Despite what you may hear, retail is a very stable asset class, especially when it comes to strip centers in good neighborhoods.
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Derek also takes us into the new modern world of blockchain, the record-keeping technology behind bitcoin that is used to store digital information in a public database, and which is starting to be used in real estate transactions.
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Key Discussion Points
[06:02] How did you transition from broker to owner?
[10:47] What investments are you looking for in Florida?
[18:44]\\xa0Why did you choose Florida / I-4 corridor for retail investments?
[25:30]\\xa0What kind of cap rates are you looking for?
[38:42]\\xa0Where does your debt financing come from?
[31:01]\\xa0From an underwriting standpoint, what are a few important things you look for when someone wants to bring you a deal?
[33:43]\\xa0Tell us about blockchain technology that is starting to be used in real estate
[43:00]\\xa0How can folks contact you?
[44:43]\\xa0Closing remarks by Eric and Steven
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