By David Repka
In an earlier blog post I mentioned my relationship with a “socially conscious” investor looking to invest equity in companies (and commercial real estate projects) that can get Floridians back to work. If that post was the view from 50,000 feet let me bring the view down to 10,000 feet so some additional details can be seen. We have been honored to view dozens of business plans and have clarified what our investors like and more importantly, what they don’t like. What we like so far:
- Medical Practice Management Companies (Dental – Urgent Care – specialty)
- Medical Office Buildings in close proximity to hospitals
- Assisted Living Facilities (ALFs) / Memory Care Facilities
- Hotels (2.5 star or better – we would call newer, purpose built Holiday Inn Express / Hilton Garden Inn the base of what we are seeking)
- Single Tenant Retail Leased to Credit Tenants / Small Retail Centers Leased to Nationally Known Tenants / Retail Shopping Centers that are Old, Tired, Riddled with Vacancies and Need a Refresh
- Green Businesses focused on Recycling & Sustainable Practices
- Open to new ideas that are logical, repeatable and scalable
Florida is first… Texas is next!
While the politicians in Washington and on the campaign trail talk and talk about creating jobs, I’m aligned with investors that are actually writing checks. If you have an opportunity to discuss please call me, send me an email or a connection request on LinkedIn. Our investors obviously can’t do every deal, but promise to review your presentation quickly and get you a definitive “yes” or “no” answer rather than a long, drawn out “maybe”.