The Fort RE #198: Eric Weatherholtz - Partner at Healy Weatherholtz Properties - 'Simple little things compound into big things and everybody wins.'
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Feb 22, 2022 Eric Weatherholtz, co-founder of Healey Weatherholtz Properties, shares insights on real estate investments, creating vibrant spaces, and the power of incremental improvements. They discuss the importance of long-term capital, the process of acquiring the right spot, tenant selection, and setting up properties for transactions. They also touch on revitalizing retail, scalability of successful places, and share some shocking stories from their careers in real estate.
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Atlanta Toehold
- Healey Weatherholtz Properties bought a dingy, overlooked building in Atlanta in 2005.
- This toehold led to 15 more building acquisitions and two land developments, showing the snowball effect.
Incremental Development
- Focus on perfecting small-scale developments first, around 10,000-20,000 square feet.
- Gradually expand based on successes, allowing the project's character to evolve organically.
Financing Strategy
- Eric Weatherholtz started with a small building purchase using a 25-year self-amortizing loan.
- Subsequent acquisitions were made through individual partnerships, later consolidated into a single entity.