Dave Seeburger

About me… Concept Neighborhood acquires, develops and manages clusters of mixed-use properties in walkable urban neighborhoods. I spend most of my time on asset management and investor relations.

@mnolangray Houston’s @buffalobayou East will be a gem. buffalobayou.org/location/buffa…

We're secretly in the midst of a miniature renaissance for American urban parks.

It takes longer and costs more, but the US still builds remarkable things at a pretty steady clip.

@DallasAptGP Great summary, Barrett! Thankful for your ongoing coverage.

🚨BREAKING: Senate Finance Committee just unveiled Opportunity Zones 2.0 and it makes OZs PERMANENT. This is huge. The fact we're even here shows the massive impact of the program and brilliant work by Senator Crapo and Senator Tim Scott. Here's what's in the bill:

tis the Season! for property tax bills… Pulling this stack of bills from the mailbox was pretty um motivating.

They started painting walls a few days ago. It’s been fun to watch. And already changing the feel of the space. 🤩 Come on out this weekend!  I’ll be there with fam on the earlier end of both days.

Just one of the walls for this weekend’s mural festival in Second Ward.. Artists from around the world. Join us!

Walls are being prepped for Buffalo Bayou Mural Festival this weekend! Will be a lot of fun. 20+ muralists. Food, drink and artisan vendors. 3302 Canal St. Sat and Sun afternoon.

Great list here and makes me rethink how we package these recommendations for our small business tenants. And since you asked…. We consolidate social media and PR at the landlord level. And use it to promote the neighborhood along with our tenants - mostly to boost their openings and events. But nothing replaces the tenants own active social media

Social media recommendations for local retailers, developed by @campnorthend’s social media manager, @raqilah: •Post 2-3x weekly (FREE). •Lean into short form videos – Instagram algo prefers 7-15 second snips. •Use TikTok! Post 10-20 second clips w/relevant hashtags. 1/12

A tremendously valuable checklist for those not as adept at social media. And an example of how groups like @damonhemmerding and @campnorthend add value to their small business tenants.

@moseskagan Let’s give the people what they want!

The most popular 'hoods in LA (Larchmont, Sunset Junction in Silver Lake, Abbot-Kinney in Venice, HLP along York & Fig) have one thing in common: They're centered around walkable retail corridors which would be illegal to build under our current zoning & building codes.

@JohnJBlatchford @moseskagan 💪

@daveseeburger @moseskagan Yes! Grateful for that, and a powerful thing.

Just made a lunch table that I think has the potential to change several lives (genuinely)

Concept Neighborhood has created an urban corridor just east of Downtown Houston that will connect the MetroRail to the transformative Buffalo Bayou East park project. In the next three years, several major public and private investments will further reshape this area, framing our development and positively impacting its value. Join us tomorrow, Sept 17th, 5-7p to hear more about this project from the CN team, local officials, world-renowned urbanists and current investors. DM to RSVP.

@HoustonFirst Cool project

The new owners of the Docks, a historic warehouse building near downtown Houston, aim to make the space a haven for the creative sector. houstonchronicle.com/business/real-…

Excited to hear the latest about @buffalobayou East!

@DallasAptGP Impressive progress!

Good Morning from Bishop Ridge. Shown here: Parkside Green 20 units built in 1964 and gut renovated 2022 1906 @ Bishop Ridge 47 units built 2023 Burnett Lofts @ Bishop Ridge 86 units built 2024 Bowie @ Bishop Ridge 75 units coming 2025

@investing_law What’s the benefit of an SPV like this vs a sideletter?

Fund managers often spin up "SPVs" to co-invest in companies/projects alongside the fund. 🤝 A common tactic is to offer better economic terms 💸 to SPV investors who are also in the Fund. For example: ▶️ Normal SPV investors pay 20% carry to the GP ▶️ SPV investors who are also in the Fund pay 10% carry If you have a hot SPV 🔥, it's a nice way to incentivize more people to get in the main Fund.

More general but.. @stateofplace uses AI and 125+ urban design features to forecast the ‘value of place’. In our case, they studied the impact that neighborhood improvements would have on rents. And we used these rents in one of our economic scenarios. This valuable data can support both private and public investments into things that support walkability - but have been historically hard to measure. To your point though, not sure how big of a role building aesthetics play in the model.

Now IF it were shown that buildings of a certain aesthetic had better rents (or floorplans) then all the incentives of capitalism and returns would push EVERY building to be beautiful in a box checking way

Private Equity Short term capital funds the construction of most new buildings ... so the incentives aren't aligned to build "beautifully" for its own sake.

@DonovanBuilds @BuildCasa @benbear @ReconveneLA Congrats, Donovan! Houston will miss you but sounds like a great fit. Reach out anytime you head back this way.

Very excited to be joining @Buildcasa as their Head of Development to help establish and oversee development operations across California. I had the opportunity to meet @benbear at @reconveneLA last year and talk through their mission to bring 100,000 missing middle units in a state with a huge need for it. With the recent upzoning legal changes across the country, I think there is an unique opportunity to do the dirty work of finding, subdividing and developing scattered site lots, which now allow 2-10 units by-right that the mid to large size builders aren’t going to deal with.  To do it in California is another hurdle, but demand for starter homes seems endless there. Almost all the homes I see being sold in our target markets are 40+ years old. Some may be (slightly) remodeled, however there seems to be no new inventory of starter homes which I believe will be in high demand. The Buildcasa team already understands the SB 9 and SB 684 laws better than just about anyone in the country and are uniquely situated to capitalize on the tailwinds of all these properties that can suddenly pencil without taking unnecessary permitting risk. After consulting for them over the past month or so, I’m more bullish than ever. Their algorithm already identified 2MM+ infill sites that are applicable for being subdivided in California alone. The ability to scale combined with a superstar team is something I really look forward to doing since I’ve been a one-man development shop since I started. (plus no personal guarantees 😁) I’ll be moving to downtown Oakland over the next few weeks and looking forward to connecting with any #ReTwit members in the Bay Area. Also reach out if you’re a builder, developer or lender in any major metro of CA!

@LeylaKuni Used to regularly discuss our family cashflow and balance sheet with my wife. She wasn’t interested and trusts me to handle it. So those discussions dwindled. Thanks for the reminder to pick them back up!

I know a lot of individual investors - over 90% of them are men. Ladies, I'm going to be blunt: Not knowing where you stand financially is idiotic. Statistically, you will outlive your male spouse - learning all this in retirement is too late. It's not rocket science, I promise. Here's how to get started: 1⃣ Draft your cash flow statement: income minus expenses. Bonus points if you can amortize infrequent expenses (new furnace, timing belt for the car, etc). If the number on the bottom is negative, stop here and figure out how to increase your income or reduce expenses. If there is surplus (you bring in more than you spend), the next step is taking ownership of: 2⃣ Balance sheet. List your assets on one side, liabilities (debts) on the other. Assets - liabilities = net worth. Your job is to grow this number. Every time you swipe your credit card to purchase some BS, you are depleting your asset (cash) or increasing your liabilities. That pair of shoes is not an asset. 3⃣ Learn how to invest - at a very minimum, dollar cost average into a broad market index fund. In fact, if you do this for a few decades, you will almost certainly avoid abject poverty in your later years. I hear you: your toddler is screaming, the husband is great with money, the dinner is burning, etc etc. But ignorance is not bliss in this case.