Ryan has more than 20 years of experience in real estate investing, finance, and portfolio /asset management; including over $10B in transaction value ranging from acquisitions and capital markets to strategic joint ventures and M&A. Prior to co-founding Last Mile Investments, Ryan served on the senior leadership team of Phillips Edison & Co (as Principal of the institutional management business) an approximately $7B fully integrated real estate platform focused on the retail sector, where he most recently built and led the Institutional Investment Management business. Ryan was responsible for all aspects of the business including strategic direction and growth, portfolio management, performance, investor relations, and capital raising. Ryan is a graduate of the University of Illinois with a BS in Finance. He is also on the board of the Lexington Hotel Group, as well as an active member in YPO, ICSC and ULI nationally, where he is the Chair for a national retail council consisting of senior level peers.
Links:
Last Mile
Ryan on LinkedIn
Brandon on LinkedIn - https://www.linkedin.com/in/bsedloff/
Juniper Square - https://www.junipersquare.com/
Topics:
(00:00:00) - Intro
(00:02:01) - The Contrarian Thesis Behind Last Mile
(00:05:02) - Building a Vertically Integrated Platform
(00:06:43) - Understanding Retail's Misunderstood Value
(00:10:34) - Operational Alpha and Investment Strategies
(00:14:41) - The Importance of Boots on the Ground
(00:18:18) - Current State and Future Plans for Last Mile
(00:26:18) - The Shift from Malls to Strip Centers
(00:27:01) - Understanding the Investor Base
(00:27:48) - Relatability of Retail Investments
(00:31:08) - Aggregation and Value Creation
(00:34:38) - Macro Themes in Retail
(00:39:27) - The Undersupply of Retail
(00:40:34) - The Future of Malls and Lifestyle Centers
(00:42:48) - Building a Long-Lasting Platform
(00:48:46) - Conclusion and Contact Information
