Snowball buys/enhances tristate CRE properties for its investors, tenants & local communities. +180M AUM. World Traveler & Dad. Ex CBRE & NYCEDC #retwit
Mar 12 • 5 tweets • 2 min read
All sponsors need to focus. Here are the 3 pillars upon which Snowball Dev screens CRE deals: 1) Why the Property? - Its all about the Dirt & do we love it! 2) Why Now? - Can you move rents within a reasonable timeframe 3) Why Us? - Can Snowball drive unmodelled upside value👇
Why this Property? Key points we evaluate:
- Abundant land footprint
- Regular shape
- Access to Major Trucking Routes
- Broad zoning & limited easements
- Asset situated in a Pro-Business Municipalities (LOL yes they exist in Blue States!)
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