7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243 cover art

7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243

7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243

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 Dan oversees all aspects of the Progress Realty Partners’ Based out of New Jersey, operations, including investment strategy, asset management and tenant negotiations. June 2019, 7 Properties, 220MM Total 70 Lead sponsor. 

Show Highlights:

  • Business Overview
    • Yield Driven Private Equity Firm
      • Industrial, Retail Centers, Multiamily 
    • East Coast, Demographic In
      • Return Focused. 
    • Two main Principals 
      • 22 Employees
        • Debt Brokerage 
  • Journey
    • Small Retail Firm
      • Took it from 15 MM to 400MM
      • 2016-2017
    • 2019 -
      • Needed a partner with a 
        • balance sheet
        • Over vision
        • 70% of capital stack is debt
      • Kathy Anderson
        • Debt Brokerage
    • Ideal Opportunity
      • 90% occupied retail
        • Stabilized
        • 10-20 
  • Case Study - 143 Units - Winston Salem. 
    • April, C- class, 3 property portfolio, 
    • Marcus and Millichap 
      • Off Market
    • 3.4% Interest 2 years I/o
    • 17-
    • 11 Million - Refinance and Hold. 
  • Final Few
    • How do you make the deal sourcing process more efficiently?

ARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US

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