Recap

In this conversation, William George shares his background and journey to Excelsior Capital. He discusses the state of the real estate market, focusing on the impact of interest rates and liquidity on buyer and seller dynamics. William explains how Excelsior's investment thesis has evolved over the years, with a shift towards buying properties at a good basis and focusing on organic growth of net operating income. He also provides insights into the deal process and the importance of having a defined investment thesis.

Takeaways

• The real estate market has experienced a slowdown in activity due to changes in interest rates.
• Excelsior Capital's investment thesis has shifted towards buying properties at a good basis and focusing on organic growth of net operating income.
• The deal process involves screening potential opportunities based on location, building quality, tenant concentration, rent roll, and debt market availability.
• Having a defined investment thesis is crucial for staying disciplined and making informed investment decisions.

00:00 Introduction and Background

03:27 State of the Real Estate Market

08:48 Evolution of Excelsior's Investment Thesis

38:42 Importance of Investment Thesis

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This podcast is sponsored by Excelsior Capital. To learn more about the firm please visit our website HERE.

For more insight on the current state of the commercial real estate market, check out Excelsior Capital's recent blog post HERE.

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