MD (@mainstmd) 's Twitter Profile
MD

@mainstmd

Real Estate Capital Markets l Boston roots, NJ Living l Platform for all things CRE

ID: 1244065014589374464

calendar_today29-03-2020 00:53:19

371 Tweet

1,1K Followers

225 Following

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What if someone put together a physical event that the failure rate was significantly high (80-90%)? Would more people join? What are the potential events with a high failure rate? Sources suggest the failure rate for finishing a triathlon is in the 5-15% which is too low, IMO.

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There’s a noise kids make when they belly laugh. It’s somewhere between a trumpet and forgiveness. I heard it tonight during story time and realized I’d trade every version of success for that sound on repeat.

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Correct me if I’m wrong but fractional ownership offerings are for assets that need a sale price above market, right?

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Closing a deal in 2025 feels like surviving a marathon. DEP, lender, shot roof, potential tenants, seller ego… And somehow I’m smiling Friday afternoon saying to my wife, “We might have a deal”

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Finished an early Saturday workout. Sky still asleep and air cold enough to taste. Opened my door to hear the soft hum of the TV and the house smelling like coffee and waffles. 1 kid with bedhead. 1 kid with syrup cheeks. 1 kid pretending to be asleep. This is the finish line

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I find it funny that brokers have a listing or relationship with owner but can’t get an immediate response on an offer. We’re going on 72+ hours now.

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Rutgers Basketball season starts tonight. For the next 5 months, it won’t be pretty. Elbows and floor burns and 17 missed layups that feel like destiny rehearsing That’s just Rutgers Basketball It’s never been about beauty It’s about the noise it makes when belief hits

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Nothing says deep, heartfelt gratitude like a firm-wide Thanksgiving email sent to 6,000 people at once. really makes you feel cherished!

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Getting the full feel of building something on your own. The decisions, pressure and accountability with your name on it is real. Hopefully it’s worth it!

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Tell me why LPs should be looking at private real estate deals vs. investing in public REITs. Many public REITs have top tier operators, dividend yield (higher than private levered COC), true liquidity and are priced significantly below building values.

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Building my own business has me spending 20 hours thinking about a decision that should take 20 minutes. I’m not indecisive but I feel like every decision compounds. It’s tough

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This is one of the hardest parts of chasing deals as a stand alone GP. You have pursuit costs that become sunk costs when the deal does not close.

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I had to drop a $2.85m deal in Princeton NJ due to seller not disclosing underground storage tanks + disagreement on roof replacement credit. Pursuit costs were ~$21k. Gone.

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This is an interesting take and worth paying attention to. Since stepping away from a traditional institutional seat, I’ve seen more fulfillment and more clarity in building tangible things: my own business, physical spaces, community-anchored projects, selective advisory work

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Rutgers basketball handing out #OnePiece cards at the game tonight and the dead-end concourse instantly turns into Times Square. Kids confused. Students feral. Grown adults ready to trade like it’s on the stock exchange.

Rutgers basketball handing out #OnePiece cards at the game tonight and the dead-end concourse instantly turns into Times Square.

Kids confused. Students feral. Grown adults ready to trade like it’s on the stock exchange.
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If you think NJ big-box industrial demand is slowing, the leasing market disagrees. Heard of a number of 1M+ SF deals are getting done. A couple others about to sign. Users shopping for 1.2 - 2M SF blocks. Capital may hesitate for big box right now. Tenants aren’t.