Snowball buys/enhances tristate CRE properties for its investors, tenants & local communities. +180M AUM. World Traveler & Dad. Ex CBRE & NYCEDC #retwit
Jun 5 • 4 tweets • 1 min read
We started acquiring CRE assets in 2021 & 2022. I was also a first time syndicator. Raised $70M of capital since deal #1.
But we actually bought deals where expenses could be controlled & revenue increased contractually + speculatively via marking rents to market + new income👇🏼
Investors continue to show belief in our disciplined approach to CRE investing. We have never created/placed a FB or Insta or TikTok ad.
We expect our investors to have experience in CRE investing too. It’s an illiquid asset class where capital calls + equity loss are possible👇🏼
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!)
👇
