• 7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243

  • Feb 14 2023
  • Length: 45 mins
  • Podcast

7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243

Listen for free

View show details

  • Summary

  • Dan oversees all aspects of the Progress Realty Partners’ Based out of New Jersey, operations, including investment strategy, asset management and tenant negotiations. June 2019, 7 Properties, 220MM Total 70 Lead sponsor. 

    Show Highlights:

    • Business Overview
      • Yield Driven Private Equity Firm
        • Industrial, Retail Centers, Multiamily 
      • East Coast, Demographic In
        • Return Focused. 
      • Two main Principals 
        • 22 Employees
          • Debt Brokerage 
    • Journey
      • Small Retail Firm
        • Took it from 15 MM to 400MM
        • 2016-2017
      • 2019 -
        • Needed a partner with a 
          • balance sheet
          • Over vision
          • 70% of capital stack is debt
        • Kathy Anderson
          • Debt Brokerage
      • Ideal Opportunity
        • 90% occupied retail
          • Stabilized
          • 10-20 
    • Case Study - 143 Units - Winston Salem. 
      • April, C- class, 3 property portfolio, 
      • Marcus and Millichap 
        • Off Market
      • 3.4% Interest 2 years I/o
      • 17-
      • 11 Million - Refinance and Hold. 
    • Final Few
      • How do you make the deal sourcing process more efficiently?

    ARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US

    LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!
    Show More Show Less
Show More Show Less

What listeners say about 7 Deals, $220 MM, Moving from Broker to Lead Sponsor, Finding Partners and Deals - with Dan Salonis | TLS243

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.