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Wesley
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Wesley
@jwf_3
If you are into posts about Phase I environmental reports and utility easements, with the occasional property tax content, then look no further.
North Carolina, USA Katılım Eylül 2009
949 Takip Edilen1K Takipçiler
A constitutional amendment for a NC Property Tax Levy Limit may go before voters in November. A bill draft was released this morning in the NC House Select Committee on Property Tax Reduction and Reform.
Wesley@jwf_3
Property taxes in NC are getting some statewide attention. Revaluations underway in Guilford County where officals signaled that assessed values would be rising an average of 40% to 45% since the 2022 revaluation have provided a flashpoint. In response, the NC Senate Leader announced plans to propose a 12-month revaluation moratorium bill when the General Assembly convenes for the legislative short session in April. Both the House and Senate have formed committees to examine and study property tax reform. The House committee has its next meeting tomorrow. A big focus of reform is on revenue caps or levy limits and non-profit exemptions, particularly affordable housing "non-profits." Will be interesting to watch.
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Property taxes in NC are getting some statewide attention. Revaluations underway in Guilford County where officals signaled that assessed values would be rising an average of 40% to 45% since the 2022 revaluation have provided a flashpoint.
In response, the NC Senate Leader announced plans to propose a 12-month revaluation moratorium bill when the General Assembly convenes for the legislative short session in April.
Both the House and Senate have formed committees to examine and study property tax reform. The House committee has its next meeting tomorrow.
A big focus of reform is on revenue caps or levy limits and non-profit exemptions, particularly affordable housing "non-profits."
Will be interesting to watch.
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That seems like capacity issues based on actual flows. Seems they didn't realize they were at capacity until it was at full capacity. I think the legislation I highlighted would have put them more out in front of the issue rather than being behind the power curve and stalling development like they are today.
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@jwf_3 Very interesting. Is that the same issue that's slowing things down in East Durham?
wral.com/news/investiga…
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@mwmoedinger @DallasAptGP I posted what I thought was my greatest piece yet, but it only got 54 views. Won't do that again.
x.com/jwf_3/status/2…
Wesley@jwf_3
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@DallasAptGP Yeah exactly. I know people are less likely to take action - liking, bookmarking, sharing, etc - but what's the point of being here if our stuff isn't getting any traction? Something the leaders of this platform will have to address...
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Sad that a post with so much value is buried under today's algorithm.
I posted a floorplan analysis this morning that in the old days was a guaranteed hit. Bummer that stuff doesn't get pushed out anymore.
In related news, go check it out.
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@TopherNOW I think its most effective when your break the production into chucks - property info and photos, area/regional info, comps, financial analysis.
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AI-built decks & OMs with standard templates: Here's the move (and how you back into a re-usable skill)
Go to Manus or Claude
Give it the deal docs & photos you want to use
Ask it to extract the intel you need for the deck
Ask it to build the OM (give it as refined direction on branding guidelines as you can)
Ask it for edits as needed.
Now you have your template.
Ask it to build a skill so that you can come to it with the same type of. docs, and have it build a deck with the same branding, same number of slides, same slide formats, and visuals, just different content for the new deal.
And to ask you as many questions as needed before it builds the skill.
Watch it build
Try the skill with a new property, be amazed.
Works better with Manus than Claude, my guess is that changes in 4 weeks or so.
I still prefer Gamma for the design/editing capabilities.
But the ability to work with reusable templates will be a game changer for many.
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I'm not debating simplicity. All I said was you had to verify. Had this exact issues yesterday on a 600+ property database - just property names and addresses already in excel. It missed two. Not a huge deal, but it was off. When you layer in the complexity of some rent rolls, being off by any factor could skew the results of a cashflow model.
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quickest way i've found to extract documents with AI:
1) open the doc (OM, lease..whatever)
2) hit a voice shortcut for Claude (i use Option+C)
3) say what you want extracted into excel
4) Click send a screenshot
Claude reads the screen and builds the Excel file
5 unit rent roll and 600 unit rent roll... doesn't matter
just talk and screenshot
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When you haven't been on here in a while and log on to see what @jasonc_nc has been up to...
Jason,@jasonc_nc
Progressing rapidly on a larger plan. (Map via @Vitruvian_Triad)
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@jasonc_nc I think they are too critical to the reshoring effort to not support at this point. They might have to give up some equity for that second $750MM though.
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Another month, another $2B in biotech investment announced in North Carolina.
Marks the 8th facility in the area from Biogen and a repeating theme of consistent follow on investments when we see companies come to NC.
Jason,@jasonc_nc
-$700 million investment from Roche🇨🇭 -420 jobs -$120k avg salary “The project adds to existing biotech projects, which include massive incoming facilities from Fujifilm 🇯🇵 and Amgen 🇺🇸.” We’re doing just fine with manufacturing for the 21st century down here in North Carolina.
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Fayetteville, NC has entered the chat as a Top 10 market for rent growth over the past five years. Great post @jayparsons.
Jay Parsons@jayparsons
Among the top 20 U.S. markets for rent growth over the last 5 years, 16 of them are small, (mostly) non-institutional markets. Note that these numbers are skewed upward by 2021-22, obviously, but most of these small markets saw much more demand than supply in this cycle.
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@DallasAptGP Very true. The only thing I'd add to this is to keep an eye on your regional transportation planning board too.
x.com/jwf_3/status/1…
Wesley@jwf_3
Are you a developer wishing you could see further into the planning future, specifically, the transportation planning future? If so, pay attention to the work of your area transportation planning organization. A 🧵.
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99% of people will never read a city council agenda.
The 1% who do rarely pay attention to the consent agenda items. Those are the ones that are bundled together and passed without any discussion.
A few road projects, a funding agreement, nothing to see here, right?
Wrong.
These boring-looking consent items are often the earliest public clues to future shifts in real estate value.
Take tomorrow’s Dallas City Council meeting as an example.
Item 28 and Item 29 authorize two separate $19.2 million funding agreements with the Texas Department of Transportation (TxDOT).
$38.4 million total for the "replacement or rehabilitation" of the Houston Street Viaduct and the Jefferson Boulevard Viaduct.
These are the two main "non-Interstate Highway" bridges connecting Downtown Dallas and North Oak Cliff across the Trinity River.
The City isn’t even footing the bill. The State of Texas is spending federal dollars on the project. That’s why it slides through quietly on the consent agenda, with no debate.
But to a real estate investor, this is a massive signal.
Those bridges are the front door to high-demand neighborhoods like Bishop Arts. Over the next few years, they will be completely rebuilt (likely with bike lanes, connecting to the "50-mile loop", becoming 2-way instead of 1-way, etc)
This is happening at the exact same time the $3 billion convention center redevelopment is set to come online just across the river in Downtown.
If you learn to read these simple public agendas, you will start spotting the next investment opportunities long before anyone else is even talking about them.
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Everyone wants an AI-powered CRE database.. Most fail to build it.
NotebookLM is your easy button. It's an AI trained on YOUR sources ⬇️
🧠 I've built my CRE second brain in Notebook by loading it up with meeting transcripts. Day-to-day intel I need is a keystroke away. But that's just scratching the surface:
(If you'd like to see a full tutorial on ways to use Notebook in CRE, comment below & I'll send it over to you - you'll need to follow first.)
🏗️ Load a Notebook with market, building &/or tenant data -> Scan it all for biz dev opportunities.
🎯Search the web for public intel on your new biz dev target -> Learn about their CRE needs instantly with a mind map.
🎨Ask Notebook for all intel that's relevant to your pitch, formatted for a pitch deck -> Run it through Gamma and build your deck in real time.
📊 Load up a Notebook with rent rolls, building docs, any CRE data you need constantly, and immediately have it at your fingertips.
And that's barely touching all the ways you can quickly source and digest intel with Notebook LM.
We just did a full session on Notebook LM in CRE AI Studio, Studio member John Milsaps, is already putting it to work!
If you'd like to watch the full tutorial, comment below and I'll send it over to you.
Also I had entirely too much fun making this video.
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Saying it louder for those in the back of the room:
LONG Utah!
🙌🏽
Governor Cox@GovCox
Utah’s rainy day savings: $1.5B at the end of FY25. Since 2021, we’ve paid down 66% of state general obligation (GO) debt. We have nearly 2x more in savings than in GO debt. Responsible budgets. Lower interest costs. Stronger Utah.
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