Here’s today’s agenda:
- For Sale – 42 Real Estate Investor Deals
- 6 Warehouse Deals for sale: www.DEICommercial.com
- Blackstone’s $39 Billion Deal with Sam Zell
- The REI Diamonds Show podcast has come to a Close…
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Doing a Deal with Diamond Equity
This week’s shout out goes to Rich Lauletta for presenting an Off Market Retail deal this week. This was off market, which is ideal, but is 93% occupied and most rents are at market-so there isn’t much value to add here. This is a good deal for a 1031 buyer or even a Retail Fund seeking stable product. I’m looking for more upside/risk in a deal-like 20%-30% vacancy or more, or rents which haven’t been brought to market in more than 4-5 years
Here’s How You & I Make Some Money Together:
- You buy a profitable deal from me to run yourself. 42 Available Now
- I pay you 10% interest & 2 points to fund my rehab deal. www.FundRehabDeals.com
- We partner on a larger, longer time syndication deal.
- I invest my cash in syndications and am always looking for great operators.
- I operate syndications where you might invest. There is a small Self Storage Development allocation remaining. Target IRR 22.6%-30.6%. Reply to this email for the Investor Presentation.
- You find me an Industrial or Retail value-add deal 40,000 sq. ft or larger located 4 hours drive from either Atlanta, Philadelphia, or Chicago, where our physical offices are located. Email me the details.
For Sale 5522 W. Division St., Chicago, IL 60651
- 8,800 Sq. Ft. Warehouse
- 12″ Clear Ceiling Height
- Vacant & Cleaned Out-Move Ready
- For lease $8,800/month MG
- More Photos Here
- Contact Oscar at 708-970-5983
- Price $649,000 Now $549,000
6 Warehouse Deals for Sale: www.DEICommercial.com
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Blackstone Wholesaled $19 Billion of their $39 Billion Purchase from Sam Zell
Chicago native Sam Zell (d. 2023) was arguably one of the greatest real estate investors of his time. In 2006, right at the peak of the market, he exited Equity Office Properties (EOP) to Blackstone for $39 Billion. A great deal for Sam.
Blackstone is arguably the greatest real estate investment firm of our current time, you might recognize them as Invitation Homes – HUGE buyers & owners of single family homes.
On the day Blackstone closed the deal with Sam Zell, they immediately sold more than $19 Billion worth of the portfolio. THE SAME DAY. Many, if not all, were assignment of contract deals. Sam Zell even knew what they were doing-he was happy enough getting his price (as most sellers should be right now, at the record high pricing mostly still found in the market).
For the full story, I suggest listening listening to Chapter 19 of Stephen Schwarzman’s (Blackstone Founder) “What it Takes” audiobook on audible. This is an incredible look behind the scenes of both the most prolific real estate firm in the world AND a tour through the economic downturns which occurred during our career. Shout out to Ian Wallach for referring this one to me last week.
For extra credit, you might also check out Sam Zell’s “Am I Being too Subtle” for his side of the story in this deal-and the same walk through the history of his prolific career AND the historical context of the market cycles.
The R.E.I. Diamonds Show has come to a Close for 2024
The REI Diamonds Show, my podcast, has come to a Close… for 2024. The season is over. I appreciate your time in tuning in over the years. Keep your eyes out-the next episodes will be released in Q1 2025. For now, I’ve personally backed off to get the Diamond Equity Machine supercharged going into 2025.
December & January are a slower time in real estate. There is simply lower transaction volume. I’ve historically used this time to think, plan, & program our business model for the coming Spring market. I am doing this again and my goal is to double our business.
You might do the same if you’re a flipper-by buying as many deals as you can find right now. Renovate while they’re slow and sell into the busy season, which I predict will begin in March and run through July 15. This is when retail buyers will be out in force and prices will hit their peak. Have Faith, buy now, & be ready to reap the harvest you deserve.