Gridics

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Gridics

Gridics

@gridicsre

3D #Zoning, #UrbanPlanning and #RealEstate analysis technology platform. Enterprise Software for #SmartCities, #PropTech and #GovTech

Miami, FL Katılım Ekim 2015
4.7K Takip Edilen679 Takipçiler
Rodney Smith Jr
Rodney Smith Jr@iamrodneysmith·
What do these 6 kids have in common ? They all completed our 50 yard challenge by mowing 50 FREE lawns in their cities for the elderly,disabled, single parents & veterans . Every 10 lawns they received a new color shirt & once they mow 50 they received their black shirt(like a black belt in karate) along with brand new mowers, weed eaters & blowers . Will your child be next to take on the 50 yard challenge ? Kids can take part in any city/state or even another country . We have kids in 8 other countries . Raking leaves and snow shoveling is included. Sign up in bio
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Ryan Auger // Industrial CRE
Ryan Auger // Industrial CRE@redwood_ryan_a·
Last week, I posted a video analysis showing why I’d offer ~20% below the price a storage facility traded for. This week I spoke with the buyer and learned why they paid what they did. The reason? Large groups are now underwriting existing customer rent increases above market rent using REIT data that they are given privileged access to. What does this mean? 1) the answer is not “they have a lower cost of capital / return targets”. They are actually modeling high yields. 2) today’s buyers are relying on private data predicting rent growth above market to hit #s. That means if ECRIs fail, they lose $. Nobody knows how “risky” this strategy is yet. 3) access to this data cannot be bought; it’s provided to those with relationships with the REITs. 4) one cannot compete relying on existing data sources, ie checking websites for prices or using tools like StorTrak or Radius+. In a market with any sophisticated competition, these numbers do not represent what customers are actually paying. My conclusion is that, for now, until we get access to this data, we will lose. Going smaller is no longer an option. Midgard self storage, a massive storage fund, is competing against us buying 20k sqft facilities. We just got outbid on a 30k sqft’er by US storage centers by about 35%. Did they buy because their return targets are lower? No. They believe ECRIs are going to drive +10% revenue growth YoY, and that they’re going to hit massive returns at scale. They have facilities in so many markets that they have data to rival the REITs. The only way to compete today is to have access to this data and take the “risk” that ECRIs won’t fail. Data is the only thing that matters anymore. Either raise a big enough fund and partner with a REIT who will manage and give you access to this data, or choose a new asset class.
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Gridics
Gridics@gridicsre·
Whether you're researching sites, checking zoning regs, or evaluating a property - Propzone.Gridics.com puts comprehensive real estate and development intel right at your fingertips. And, we are adding more markets all the time! Activate your free account today!
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Gridics
Gridics@gridicsre·
BIG NEWS! 🎉@GridicsRE just launched Propzone.gridics.com - a FREE platform for real estate brokers, investors & developers with #zoning & property data for 300+ markets. Check it out! With #Propzone, you can easily search 3D zoning maps, property info & more all in one place.
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StripMallGuy
StripMallGuy@realEstateTrent·
I cannot believe I am writing this, but the day has finally come. I knew it was possible, but wasn't going to believe it until it happened. And it just did. Our real estate fund just bought a strip mall, and it was thanks to one of my followers on this platform! Many ask why I spend over an hour a day here, they ask how I monetize, and what the point is. Well - here it is in black and white. A closed value-add deal which I announced to our investors yesterday. In a market where sourcing great deals has never been more difficult, this platform is giving us the edge we need. There is not a software in the world, a single product or a service we could possibly use that would would be more valuable than this platform. Millions of dollars of value, created right here, just like that. Every single real estate operator, every entrepreneur, every corporate exec - should be highly focused on how they can best use this platform to grow their business or increase shareholder value. Time and resources should be shifted accordingly, and aggressively at that. The era of social media has turned the page. What was once thought of as a way to kill time and maybe have a laugh has now become the most essential business tool of our generation. What a moment.
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Gridics
Gridics@gridicsre·
Municipalities are facing critical GIS staffing challenges in some cases, cities have entire department-wide vacancies! Did you know Gridics employs a team of GIS experts that can help immediately for a fraction of the cost of ONE full-time employee? gridics.com/request-demo/
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Cory Sylvester 📦
Cory Sylvester 📦@StorageDataDev·
Commercial real estate is booming. I've been active on Twitter for 4 months, and the brainpower from this community is massive. Here are 9 must-follow rising stars (and current kings) in CRE:
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Keşfet

@iamrodneysmith @craftsman @redwood_ryan_a @ChrisRamsey60 @realEstateTrent @ICMA @leagueofcities @CityofJax