David Milgram

@realEstateTrent @JupiterNorth @BarefootBarebow This person is not wrong. They’re not saying it’s the right or smart thing to do…. but if they can capitalize the development (a big if) there are developers that will build even if the numbers don’t make sense.

@JupiterNorth @BarefootBarebow What

“We’ve never seen rents this high or vacancy this low!” You hear this message everywhere in America right now. Even in the tiniest, middle-of-nowhere towns. Yet - rents aren’t high enough to justify building new strip centers.

@ScoutWithBryan If my son was a D1 caliber player, I’d love for him to play for Hurley. Life is hard. There are obstacles. It shouldn’t be easy and he coaches his guys hard, makes them earn it, and clearly cares about them.

The thing people seem to miss about Hurley is that underneath all the maniacal intensity, he LOVES his players & the game of basketball. Has a soft gushy side. Can live with losing if you pour your heart & soul into it. Not everyone can be last team standing.

@diligentsAI @realEstateTrent Exactly.

@dhm34 @realEstateTrent That's exactly right — existing strips in the teens are being bid up because the build-vs-buy math is broken. New development just doesn't pencil in most markets.

@BarefootBarebow @realEstateTrent What yield on cost are you solving for and post completion is your plan to sell or refi and hold? Congrats and best of luck on the execution!

@realEstateTrent We’re actively building 10-30ksf strip centers for developers in the Midwest

@KGJoseph @Fullcourtpass @MrBuckBuckNBA Yes agreed, that was 1 of the 2 I mentioned.

@dhm34 @Fullcourtpass @MrBuckBuckNBA Pass it to a wide open Reed Shepherd

Ime Udoka benched Alperen Sengun for taking a three Sengun: “I was wide open” Udoka: “Go sit down” (h/t @MrBuckBuckNBA)

@S3LF_PR0CLAIM @Fullcourtpass @MrBuckBuckNBA Good call. That would’ve been better, too. Watching in real time it looked Amen was looking to screen the ball / not looking for the pass, but throwing that pass right there would’ve been a better alternative.

@dhm34 @Fullcourtpass @MrBuckBuckNBA Making the pass to the middle right here 🤷🏾‍♂️

@scullytaco @Fullcourtpass @MrBuckBuckNBA Agreed 100%. That’s why I think it’s on the coaching as much as Sengun.

@dhm34 @Fullcourtpass @MrBuckBuckNBA Amen should run to screen for Reed, who should run for a DHO. Jabari should run to the weak corner.

@EmmaRincon I grew up in Miami and am raising my kids here, and could not agree more with this tweet.

Miami is a great place to raise children and build a family, despite the urban myths about its supposed incompatibility. There are public playgrounds everywhere, the weather is fantastic for sports and outdoor activities during their development and growth; on Saturdays you can use bank card programs to visit children’s museums. You have the ocean, great weather… perhaps the only thing missing to make it perfect would be an improvement in public schools. But it is, quite literally, a city full of activities for families and kids. I always hear people say that Miami is full of superficial people with no family ambitions. That could not be further from reality. I think those who see it that way are simply not interacting with the right people.

@JonesOnTheNBA Funny you say that. TNT / Tracy Wolfson just showed a clip of Michigan this week shooting at the Big House (football stadium) to work on the depth perception.

Friend of mine just made a good point: this was probably Wagler’s first time ever playing in a dome/weird depth perception set up. It’s a big adjustment for a lot of players.

@JonesOnTheNBA I think I’ve heard a few young NBA players express surprise at how much easier it is to score in the NBA vs in college. Zone D + less room in paint with more non shooters + less pace = harder to score

Hardest thing for people watching these college games for NBA impact of prospects is taking in context of pace and space in college v. NBA. NBA is a much more uptempo and spread out game than college.

@realEstateTrent Assuming you’re in Boca and/or Palm Beach? Older (although getting younger fast) demographic.

I’m noticing that quite a few restaurants in Florida require long pants and no hats, etc. Curious what people think of this.

@realEstateTrent Hear you. We submitted two (2) offers in last 48 hours and both either awarded or going to next round at >25% our bid.

There hasn’t been a deal we’ve passed on this year where the broker believed we were making a mistake by not pursuing. With rare exception, it’s very much an “I wouldn’t buy it at this price either” kind of market.

@realEstateTrent Educational process for most sellers on unanchored strips.

Conversation we’ve had multiple times: Seller: Please show me proof of funds. Us: We are a real estate fund, and funds provide sellers with more surety of close than syndications or private capital. We have done 45 deals, many of which are easily searchable online. Here are a few. We buy each deal all-cash, and can close in 45 days. Seller: I need proof of funds. Us: Some of the biggest institutions in the US have sold us deals because we do what we say - here are links to articles. Seller: Proof of funds. Us: Funds don’t hold tens or hundreds of millions in a checking account. They have committed capital from investors, and the money is called per deal.

@Bethazor1 Very cool, Beth. Can’t wait to listen!

What are you teaching your kids about money? My son Alex and I did a podcast together, and we talked about a rule in our house that most people didn’t agree with. My kids were never getting a car as a gift. If they wanted one, they had to work for it. I would match what they saved. People thought I was crazy. I knew I was teaching discipline. The car rule in our house meant: • You work first, reward comes after • Saving money matters more than what you buy • Matching effort builds ownership • Delayed gratification is a real advantage • Not every kid values the same things, and that’s fine Alex saved and bought his car later than most. He didn’t care. My other son, Mario, cared more, so he worked for it. The lesson was never about the car. It was about earning, saving, and making choices based on effort. Watch the full episode here: youtu.be/Bvllqwiz4xk

@realEstateTrent Do you think someone pay the ask? Zero surprised they’re asking what they’re asking. Curious if they hit ask or get close.

Was pitched a strip mall deal this morning. It’s around a 4% cap based on today’s income. The pitch: If I can get back a space where’s there’s a non-paying restaurant tenant, spend a year releasing it, pay TI and leasing commissions, then it becomes a 6.75 cap, or $5M. Which is roughly market. The price they’re asking: $5M. So, I’m supposed to pay $5M today… Do all the work… take all the risk… spend the time and money… And then it’s worth $5M when I’m done? Correct. The strip mall world right now, in a nutshell.

@DotaMasterPro @realEstateTrent I don’t know what he and his investors earned on the deal, but I think that would be a good deal

@dhm34 @realEstateTrent He made like a million... idk I dont see it. Maybe thats a good deal?

We bought a 6% Cap building for $1.95M and sold it for $5.5M. Lesson: Buy based on price per foot, sell based on income.

@GregSylvander Just began following you and asking this out of curiosity. How do you know who the Heat are targeting in the draft?

One of many “targets” They have a handful of scoring guard/wing prospects they are monitoring as well.