
Thank you Scott Scheel & the Commercial Academy Team!
This year I won the award for Platinum Member of the year acknowledging the growth & results of the past several years. Humbled to be acknowledge among many great operators across the U.S. who share their wisdom at these Commercial Academy Events.
Commercial Mastermind Take Aways
- The Wall of Defaults – $1.5 Trillion in commercial real estate debt is due for refinancing by the end of 2026. Much of this debt is upside down: the buildings are worth less than the outstanding mortgage. I see dozens of these deals monthly, many with sellers who have no clear exit.
- The Coming Interest Rate Reductions – Once Jerome Powell leaves his position with the Fed, a more dovish appointee will replace him. This is a 99% probability, in my view, signaling lower rates in 2026. Guaranteed (but NOT my personal guarantee…)
- Buy VALUE, not cheapness – I’m naturally drawn to properties in the worst condition. I’m a real estate healer; I love transforming distressed properties. But in commercial, many GREAT DEALS are great properties with unlockable value, often selling at a price that isn’t considered cheap.
- This time, it’s Different. – This isn’t 2008. Currently, we’re seeing rolling distress. The office sector is hit hard, multi-family is less affected but worsening, and many other asset classes are soft. In 2008, everything stopped at once. This time, it’s more of a wave. None of us know if this is just a large wave that crashes or a tsunami that simply overwhelms everything. Who knows? Perhaps a drop in interest rates will save the day.
Had a great time seeing all of my fellow Commercial Academy friends. Looking forward to catching up again in 2026!!
Have a Value Add Deal For Sale? Here’s our Buy Box:
- Industrial & Commercial Property, 10K sq. ft. – 250K sq. ft.
- Mobile Home Communities (50 pad minimum)
- Well located Retail Development Sites
- Residential MFR & SFR
- Ideally long term rented asset with below market rents
Recent Portfolio Exit Volume
- 2021 $54,615,000
- 2022 $54,547,000
- 2023 $57,489,000
- 2024 $52,164,000
- 2025 YTD $50,297,000