Masters of Moments The Most Overlooked Asset in American Real Estate w/ Jordan Breck - President of MRP Capital Group
Jordan Breck has been in the real estate investment business for over 10 years and is the President and co-founder at MRP. His primary responsibilities include the structuring and analysis of investments and overseeing the company’s growth strategy. Jordan has been personally involved in over $600 Million worth of transactions.
MRP Capital Group is The nation's largest owner of Walmart Shadow Centers in small-town America. Their current portfolio is comprised of nearly 2.6 million square feet across 100 properties in 26 states.
On this episode, Jake and Jordan discuss:
- What makes a great Shadow Strip Center
- MRP's portfolio and transaction activity
- Optimizing the acquisition process
- Developing the right culture at your company
- Raising capital
Links:
Connect & Invest with Jake:
Follow Jake on Twitter: https://twitter.com/jwurzak
Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/
Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo
Topics:
(00:00:00) - Intro
(00:03:46) - Jordan’s experience building a real estate company
(00:08:25) - Why most folks don’t transition from being a deal shop into a real estate investment firm
(00:10:35) - Shadowing Walmart strip centers
(00:14:35) - What makes a great shadow strip center?
(00:17:34) - Where have you found ways to gain a competitive advantage?
(00:22:48) - Jordan’s portfolio and transaction activity
(00:25:18) - Defining the criteria for a deal
(00:31:27) - The purpose of capping the number of retailers
(00:33:06) - New Supply
(00:38:42) - Optimizing the acquisition process
(00:42:51) - What are your long-term goals for the business?
(00:46:27) - Why a REIT would be interested in something as complicated as these deals
(00:50:28) - What strategies are you identifying right now?
(00:59:04) - Mistakes made
(01:05:37) - How to develop the right culture at your company
(01:15:45) - Raising Capital
(01:26:45) - What’s your favorite hotel?