Adam Block

@follard Declaration in support of the petitions has a lot of background: casedocs.omniagentsolutions.com/cmsvol2/pub_47… Apparently there are 150 owned locations, but 2200 franchised.

The end of the breastaurant industry is near. First Hooters, now Twin Peaks. Here's my five step plan to save the brand as their new CEO (which I'm not but they can call me). First, we are going to execute a clean break from FAT Brands by the way of a Section 363 sale. We need to sell the brand to a healthy PE firm or restaurant conglomerate, without taking Fat Brands' non Twin Peaks liabilities with us. Second, there are 114 restaurants in this system today. Close the unprofitable stores immediately to preserve liquidity. Third, we need to reconfigure the Guest experience. We have good food relative to other chains, but don't message this to customers. Focus on our in house smoked products, smash burgers, and value (follow Chili's). Focus on programs that boost midweek and lunch traffic. Fourth, reallocate the previous marketing funds (allegedly $8.6 million) that were used to pay down debt to... market! Dollars contributed by the franchisees to the National Marketing Fund must be spent on marketing! Finally, and maybe most importantly, we must focus on what got us to 145 locations in the first place... cold beer, big b**bs and great unit economics!

@follard Last year on my birthday our family went out dinner at my favorite restaurant. I took a 40-minute call with the lawyer working on our closing bc timing was short and she needed to be up to speed on major issues. ... Ofc we didn't end up closing until for another two months.

It's 4:45 PM CST and I just sat down at my birthday dinner. My wife and I want to be able to connect and enjoy dinner. Am i going to be publicly shamed for allowing my son to use his iPad? We only allow him to use it in emergency situations. Hope Collin doesn't find out.

@cre_cashflow Can you share where the properties are?

The market has softened for a small space light industrial property that we own. Also, we have a lot of real estate tax exposure if the property is reassessed for a higher value as the value is currently well below market. My move: Lower the base rent to attract more tenant prospects and added a 2025 Base Year for property taxes whereby if taxes increase over what they actually were in 2025, each tenant is responsible for paying their prorata share of any increase. So far it seems to be drumming up some additional leads and I have signed two new tenants in the last week

@bethanyjbabcock How much to sponsor a student?

For years we’ve covered staff salaries and overhead of the CRE launch program ourselves and in recent years some of that was offset with sponsors. Now we have 12 campuses. We still want to prioritize admittance based on merit, not financial capacity. So, I need to get serious about securing sponsorships and raising scholarships. Tag your favorite CRE organization that should sponsor and help us keep growing 🙏 I have no shame asking. 🥹

The industrial version of this has: 998) Solo auto repair shops 999) Churches 1000) Gyms

@DallasAptGP That red spot all the way up at the top in the middle.

@Block_And_Co_RE Which spot do you like?

One map changed how I think about real estate. It shows where cities may grow next. It’s called a topographic income map. It turns income into mountains and valleys. In 2004, I was an undergrad at SMU when Mike Ablon from Lionstone Group came to speak. He had just bought property in Dallas’ Design District, a quiet industrial zone most investors ignored. On his map, the Design District sat in a valley beside Uptown’s peak. Ablon believed the city would build a bridge between them. He was right. Soon the city added a new exit to the Dallas Tollway. That one connection made the area valuable overnight. That’s the power of the map. It doesn’t only show income. It shows where public investment may flow. Cities build to connect wealth and need. Most investors chase the peaks. The best ones study the borders, where red meets yellow, where public money moves first. Years later, when Opportunity Zones appeared, the pattern looked familiar to me. The government was doing on a national scale what cities had done for decades: link high and low. That idea has guided more than $100 million of OZ equity investment by our firm since then. A topographic income map shows what’s coming before it’s obvious. Vision isn’t guessing the future. It’s seeing what’s already there, just a little sooner than everyone else.

Positive side effects:

@cre_cashflow The real value here comes from details in other people's OMs such as... actual rents!

If your goal is to buy commercial properties in the future, start right now by setting up Loopnet searches for your criteria and download every offering memorandum that you can for your market area or the property type that you are targeting. Read every word of the OMs and start putting the pieces together so that you are ready to pounce when the opportunity presents itself.

@chernobelskiy Very cool to see how far you've come and all you're building!

We'll be rolling out functionality for JV/Co-GP/Guarantor requests in the coming weeks on GP-LP Match This has been requested a ton from both sides of the platform to a degree that I candidly didn't expect What other similar features do you guys think would be helpful?