Spotlight Interview: Vamsi Bonthala, CEO Arbor Lodging Partners

LD: What career path did you want to take when you were in college?

VB: I knew I wanted to be an entrepreneur and start a business some day (it was the heyday of Internet 1.0 after all!), however, there was no particular industry that grabbed my attention.  I was just attracted to the idea of “doing deals”, creating something, and learning a lot.  As a result, I decided to focus on investment banking or law so that I could get exposure to transactions and different industries, and ultimately elected to go to law school.

 

LD: What events in your career path brought you to your current position as CEO of Arbor Lodging Partners?

VB:  Prior to starting Arbor Lodging, I was a real estate and private equity attorney with large law firms in New York.  I worked with very talented colleagues and driven clients while getting exposure to complicated transactions, but that side of the business was not for me.  Continue reading Spotlight Interview: Vamsi Bonthala, CEO Arbor Lodging Partners

Top apps for Commercial Real Estate Agents

Utilizing technology is a great way to improve your workflows and the level of service you can provide for your clients. Whether you are generating content for marketing purposes, generating leads, or just managing your business activities, here are 5 great tools to help you make more commercial real estate deals.

  1. Microsoft OneDrive

OneDrive integrates with Microsoft Office, so users can easily access Word, Excel and PowerPoint documents anywhere through the cloud. The system allows users to simultaneously edit documents and create and share folders. Need to share property photos that are too big for email? Share a link to the folder using OneDrive! It is a great way for you to manage your property content between your smartphone and your computer. Continue reading Top apps for Commercial Real Estate Agents

University of North Carolina Student Housing Report 2018-19

Contributing Author: Sean Lyons

An in-depth analysis of the private student housing market at University of North Carolina conducted by Triad Real Estate Partners. Triad Real Estate Partners concentrates in private student housing and multi-family real estate brokerage. Triad Real Estate Partners’ research team compiles in-depth student housing market research reports on leading Universities in the United States.

Total Enrollment: UP 0.33%

Total enrollment at University of North Carolina’s flagship campus in Chapel Hill during the fall 2018 semester is a school record 30,011. Enrollment had been flat for a period of 5 years between 2010 and 2015, hovering in the low 29,000’s, before achieving three consecutive record fall semesters in the years since.

Freshman Enrollment: DOWN 0.69%

First-time freshman enrollment declined for the first time since fall 2012, decreasing by a total of 30 students. Continue reading University of North Carolina Student Housing Report 2018-19

How do NNN assets address your concerns?

Contributing Author: Sean O’Shea

Black Swans…Fed rate raise…Recession Fears…4% GDP Hopes…Impact of Federal Deficits…Credible realty…

We often state, in an initial conversation with a prospective Client, while these Net leased assets (NNN) are now viewed as a convenient solution, which limits the management and operations responsibility for a Landlord/Investor, Not all net NNN leased properties are the same.”

In the last ten years, these NNN assets have become ‘commoditized’.  Many seasoned investors, particularly 1031 Exchange Buyers, who have a tight 45 day timeline in which to make a multi-million dollar decision to defer their substantial capital gain and secure a safe, predictable income stream imagine that you go to a Commercial Real Estate Listing Platform, like Crexi, Brevitas, Loopnet, or Leavitt Digital (LDCRE) to identify and secure their trade replacement solutions.  There has, also, been a proliferation of nominal “Investment Sales Broker”, as well. Continue reading How do NNN assets address your concerns?

Insuring to “Value” & Coinsurance Clause

Contributing Author: Mark Rogina, CPCU / Wirtz Insurance Agency, Inc.

You’ve just purchased a new piece of commercial real estate.  When it comes time to insure it, your insurance agent provides you with a commercial insurance quote in which the building replacement value is much higher than you actually paid for it.  Since you invested a lesser amount into it, why would you insure it for more? You only want to be covered for what you actually paid for the piece of property.

Unfortunately, this is a scenario that plays out all too often.  The market value of property ends up being far less than what it actually might cost to rebuild the building from the ground up.  To understand this fully, it is important to define some key terms:

Market Value – the cost to purchase a property

Replacement Cost – the cost to rebuild a property using today’s construction methods and materials Continue reading Insuring to “Value” & Coinsurance Clause

Winterizing Commercial Properties

Contributing Author: Chris Cunningham

It’s that time of year again. Summer went by too fast, winter is approaching too soon, and you need to know what should be done to prepare commercial properties for the coming months of cold weather.

You want to protect your investment from damaging freezing cold temperatures and snowfall. Before any threat of Frost, sprinkler systems should be blown out professionally to prevent any stagnant water left in the pipes from freezing and cracking pipes. If you skip this step you will be spending big bucks for repairs in the spring. Continue reading Winterizing Commercial Properties

Things to Consider when Purchasing a Multi-Unit Commercial Property

Contributing Author: Michael McGovern

An enormous amount of concern goes into the decision to purchase and renovate multi-unit property and therefore becoming a landlord. Additionally, providing pro-active property management and the necessity of being on call can affect all aspects of life yet the rewards of creating quality housing while realizing a generous financial return can provide quite a benefit offsetting these demands.

Before agreeing to accept this business model and lifestyle it is critical to fully understand the process, therefore increasing the odds of having a financially and personally rewarding experience. It is also of great value to work with an experienced, licensed Real Estate Broker who can assist with the entire process from site selection to document review. Continue reading Things to Consider when Purchasing a Multi-Unit Commercial Property

Commercial Real Estate Portfolio Management Software that Cooperates with your Other Software

Commercial Real Estate Portfolio Management Software has finally been made simple. After making a name for themselves with their residential analyzer software, the seasoned team at STRATAFOLIO have created a CRE Portfolio Management Software that communicates with other software, eliminating double data entry and mitigating the errors that come along with it.

We’re all familiar with the adage you can’t manage what you can’t measure. Although most people would agree with this statement, many companies jump through hoops putting measuring into practice. A vast majority of companies are not able to accomplish this even if they wanted to. If this is you, you are not alone. Measuring and monitoring for many commercial real estate organizations that manage real estate are complicated. An Altus report stated that nearly 78% of organizations worldwide use multiple software systems that don’t communicate with each other. This structure makes understanding global cash flow, asset performance, and overall expenses very hard. Continue reading Commercial Real Estate Portfolio Management Software that Cooperates with your Other Software

Retail…For Whom the Bell Tolls?

Looking at current affairs in commercial real estate (CRE), you will quickly note a lot of ink is being spilled over retail and its impending death. As a digital marketer and tech enthusiast, I am keenly interested in the conversation surrounding the state of retail. Daily headlines announcing the closure of various retail outlets and a never-ending barrage of articles on the growth of Amazon has probably convinced many that the death knell is indeed ringing for retail.

And it’s not just retail. We are seeing this type of disruption across many industries. Technological disruptions, including automation, are bringing about drastic changes across many industries. Obviously, in some instances, industries will die. Broader reading, however, illuminates us to the probability of significant change in retail rather than outright death. Continue reading Retail…For Whom the Bell Tolls?

LDCRE Launches CRE Financing Partnership

With $150 Billion of commercial property for sale being marketed on LDCRE, integrating in an online lending platform to finance commercial real estate development and finance commercial real estate acquisitions seemed extremely beneficial to LDCRE’s network of persons selling commercial real estate and persons buying commercial real estate.

We explored a number of potential partnerships to design and implement a CRE Finance Platform which we felt best suited LDCRE and its user base. Hundreds of lenders are connected to StackSource’s platform, giving the borrower leverage and having lenders compete for the loan. StackSource has a great product, a great reputation, their platform is entirely online and its broken down into a few simple steps. Continue reading LDCRE Launches CRE Financing Partnership

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