General Discussion Thursday: What asset class do you work in?
What is your favorite asset class or what asset class interests you the most? Discuss some of the nuance behind this asset class. What wouldn't someone necessarily expect? Tell us some of your interesting deals, stories, ideas! 
[{"id": "dina58e", "text": "I do investment sales on single tenant net lease and net lease strip centers nationally. We only deal with national tenants. \n\n\nAMA", "replies": [{"id": "dinasat", "text": "How is the retail market doing in light of the push to online retail and fulfillment? What do you think the future holds for strip/lifestyle/anchored retail shopping centers? \n\nWhich retailers do you think have a good grasp on the market fundamentals? Everyone hears of Target, Dollar General, etc. Tell us about some of the other retailers you enjoy working with. Grocery? Entertainment? Etc. ", "replies": [], "depth": 2}, {"id": "dinlxs4", "text": "net lease is the shit, fam", "replies": [], "depth": 2}, {"id": "dle0kg3", "text": "Can you look at this and tell me what you think?\n\nhttps://www.reddit.com/r/crefinance/comments/6ro2du/500k_annuity_into_cre/\n", "replies": [{"id": "dle231z", "text": "I responded. PM me if you wanna call. ", "replies": [{"id": "dle2vbd", "text": "Oh shit, my bad... small world apparently.", "replies": [{"id": "dle3q9t", "text": "Haha nah man. I went to that thread just now. ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dinb8f3", "text": "I think big box is dead and there is going to be a lot of down sizing to reduce foot prints. I think that the market is evolving to support neighborhood strips with local tenants where shoppers get an experience  that online can't bring. An example might be a trendy restaurant or a kitschy thrift store. \n\nI think lifestyle flex space will be the future as well. I love single tenant net lease don't get me wrong, but I don't believe in it's longevity for desirable urban markets. It will probably always be an existence in secondary/tertiary markets where land is cheap and the population might bred be as Internet motivated. \n\nHalf of my listings are dollar generals but I will never buy one. We broker for the 3 biggest preferred developed for DG. We are becoming a big name brokering on sale lease back for Some of the biggest qsr tenants. I vastly prefer selling stores that I would shop in myself (Walgreens, Starbucks, CVS)", "replies": [{"id": "dioidrx", "text": "agreed with investing and working on properties that you would personally shop in. it's hard to underwrite dollar stores in Mississippi and feel like it's a good long term investment. ", "replies": [], "depth": 2}, {"id": "dle0dzt", "text": "Can I ask why you won't buy a dollar general?  Is it cause they aren't going to renew leases?", "replies": [{"id": "dle1sa3", "text": "In a tertiary location they hold all the negotiating power. If they leave you own a box in the middle of nowhere. They come at you with huge rent reduction and you have to take it otherwise you have nothing. They don't care about leaving. They will literally have a developer build a new store in 90 days for them in another lot across the street. \n\nThere are no real estate fundamentals with tertiary stores. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]