Neil Platt’s Post

Hamptons Group stands as a testament to the transformative power of innovation in the corporate world. Our ethos is to not just adapt to change but to be the architects of it. We meet each opportunity with the question: "How can we redefine this space?" With this mindset, we approach every challenge, seeking not only to create value but to inspire it within every venture we undertake. #Innovation #Opportunity #IndustryLeaders

Why are you doing it that way, Duke? You could just develop the real estate and move on to the next project. Why fund and operate all these small businesses? Well, sure, we could. But we want to do the best thing for the communities which means bringing the right business to the area right now instead of leaving it to fate. We want folks to see what we see in these neighborhoods - investment, inspiration and hope instead of blight and uncertainty. By involving partners within the community to help us identify potential business concepts, and create jobs, we’re shortening the time a storefront sits vacant and ultimately expediting the neighborhood transformation. So, when we talk about Dodson Companies, we’re talking about our family of companies. These companies may seem very different, but what they have in common is partners/leaders that share our core values, an emphasis on process, and a maniacal focus on the customer experience. There are quite a few of them now...more on those to come.

Hong Kong DL Holdings fully acquired remaining 55% shares of DL Family Office with $2.3 billion AUM for $28 million at $51 million valuation. Announcement - https://lnkd.in/gERHj3AS follow Caproasia | Driving the future of Asia Hong Kong DL Holdings has fully acquired the remaining 55% shares of DL Family Office ($2.3 billion AUM, Assets under Management) for $28 million (HKD 220 million) at $51 million valuation, having acquired 45% of DL Family Office in January 2023 which reported net profit of $2.5 million in 2022 (HKD 20 million, excludes financial costs & tax).  DL Holdings: “This strategic move follows the successful acquisition of a 45% stake earlier this year, establishing DL Family Office as a wholly-owned subsidiary of DL Holdings. Consequently, DL Holdings has emerged as the foremost asset management and financial services platform in Hong Kong, with a primary focus on multi-family office services.  The consideration for this acquisition, totaling HK$220 million, will be settled through a combination of cash and promissory notes, comprising HK$70 million in cash and HK$150 million in promissory notes. Importantly, this financial arrangement will not encumber DL Holdings with any cash flow constraints, ensuring the company’s continued financial strength and stability. Andy Chen, Chairman of DL Holdings Group: “Three compelling factors underpin our swift move. Firstly, DL Family Office’s exceptional track record and esteemed industry reputation significantly bolster and elevate our listed group’s standing within the industry. Secondly, the full integration of the family office business into our parent company is expected to yield a substantial increase in our management scale, client base, revenue, and profits. Thirdly, the family office business will seamlessly synergize with our existing securities, asset management, real estate, and research institute divisions, enhancing DL’s internal dynamics, reducing communication barriers, and elevating service standards for both family and corporate clients.” DL Holdings Group, DL Family Office

1. TL; DR - What does Charlie Munger, Bill Ackman and David Einhorn have in common? Apart from all of them being Billionaires, they have either made a significant portion of their wealth from Real Estate Development in case of Charlie or they have significant investments in Real Estate Developers (Howard Hughes – Bill Ackman and Green Brick Partners – David Einhorn). 2. Secret Sauce - The secret sauce is that you can pretty much run the business with zero capital with a partner contributing land under a JDA (Joint Development Agreement), customers paying upfront for the home purchase, lenders funding the construction finance and vendors getting paid at leisure and real estate developer acting as an asset light regulatory liaison for approvals and project manager. Zero capex and negative working capital – Voila! 3. How to value a real estate business - My recommendation is Price to Book value – Before you say how can a real estate developer be valued like a financial services player, hold your horses! The operating profits adjusted for taxes and capital infusion are a good proxy for the Book Value the business has generated over time. Book value over the long term catches up with the cash flows the business has been able to generate by selling the units to end customers and is devoid of any quarterly/yearly volatility in earnings because of seasonality and other external factors incl. macro and interest rate environment. Hence, Book value becomes the closest proxy to cumulative earnings the business has earned over the lifecycle of multiple projects. Disclaimer – No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above are purely my own. I am not a licensed securities dealer, broker, investment adviser or a research analyst licensed or certified by any institute or regulatory body. Disclosure – I do not hold a position with the issuers mentioned above such as employment, directorship, or consultancy. I do not hold a material investment in the issuers’ securities. #investing #publicmarkets #charliemunger #billackman #davideinhorn #investing101 #equityresearch #howardhughes #sunteckrealty #sunteck #greenbrick #equities #longread #industryreport #equity #dlf #oberoirealty #godrejproperties #usequities #business #growth #comps #realestate #technology #saas #investingtips #indianequities

In an inspiring testament to resilience and reinvention in the real estate industry, figures like Marty Burger, Darcy Stacom, and Bob Knakal echo Mick Jagger's enduring spirit from his famous 1981 hit, "Start Me Up." Like Jagger, who celebrated his 80th birthday with a world tour and a new album in 2023, these stalwarts of the New York real estate scene have launched new ventures after sudden career pivots. Marty Burger, once the visionary CEO of Silverstein Properties known for his role in the World Trade Center reconstruction, founded Infinity Global Real Estate in February. His new firm aims to capitalize on the trend of converting office spaces into residential units. Although initially backed by investor Andrew Farkas, their financial collaboration did not materialize, yet the firm presses forward with its ambitious plans. Darcy Stacom, a leading figure in investment sales at CBRE for over two decades, also made a bold move. In February, she left CBRE to start a boutique advisory firm, which quickly garnered significant interest—evidenced by receiving 200 resumes within 12 hours for a chief of staff position. Bob Knakal, a veteran in investment sales, parted ways with JLL in February under the premise of the firm favoring a team-oriented approach over individual star power. Unfazed, Knakal promptly established BK Real Estate Advisors, integrating artificial intelligence into its operations to enhance research and analysis capabilities. These leaders exemplify the relentless pursuit of innovation and excellence in a changing market landscape. Their ability to adapt and thrive, drawing on their solid reputations, highlights their profound influence and capacity to attract both clients and top talent. Their stories are a clear reminder that, in real estate as in rock 'n' roll, the show must go on. #CRE #CommercialRealEstate #RealEstate #Innovation #CareerPivot #MickJagger #Resilience #NewBeginnings #NYCRealEstate #Leadership

What have we learned from our operating partners relationships over the past twelve years? Empowering operating partners in lower middle market real estate transcends providing capital; it requires a deep commitment to nurturing their expertise to transform visions into tangible, valuable assets. An integrated relationship between a private equity firm and an operating firm accelerates value creation and leverages the unique dynamics of the lower middle market. Three key elements are vital. 1. Strategic Finance: Strategic finance goes beyond financial tools – it's about integrating investors and operators to shape the business model. Viewing each building as a business within a larger platform means meticulously integrating all macro and micro inputs. This approach enhances risk distribution and portfolio management. By sharing perspectives and skill sets, the partnership ensures financial stability through multiple transactions and significant capital commitments, offsetting the incremental burden of increased diligence and controls. 2. Partnership Development: Partnership development focuses on forming relationships and identifying anchor tenants to create a thriving consumer ecosystem. These tenants, including branded operators of new retail and professional services, fulfill immediate commercial needs and attract further business, fostering an environment where each tenant contributes to and benefits from the ecosystem's overall health. 3. Community and Municipal Engagement Community and municipal engagement involves understanding urban and community planning to ensure projects endure and advance the community's vision. Effective engagement means aligning projects with broader civic goals, enhancing viability and sustainability, and making them critical contributors to long-term growth and success. Focusing on these three key investment elements volves investors from funders to true partners. This approach empowers operators to excel and ensures the creation of sustainable, thriving businesses that align with stakeholders' needs and aspirations, and will foster a generation of robust, innovative real estate enterprises that will shape the lower middle market for decades to come. Two of our many partners who have lived these elements with us, and that we’ve shared an excellent working relationship with are Stephanie Cusack and Michael Searls at Charter Stone Capital. We look forward to continuing partnering with the team on many more exciting projects to come.

THANK YOU PALM BEACH! We had a fantastic Roundtable Forum yesterday in "pink paradise", aka The Colony Hotel in Palm Beach. All 10 presentations were well received by investors and the networking was epic! We had perfect weather for lunch in the garden and cocktails poolside. Thank you to all of our wonderful speakers and guests! Dan Gelernter, R.G. Niederhoffer Capital Management - A lively discussion on the economic and social risks of AI and ChatGPT: how they affect all aspects of our lives, including our investments Lachlan Campbell & Lachlan Beech, Duxton Asset Management - Introduction to Australian water rights markets John Hardaway, Triten Real Estate Partners - Bringing innovation to multi-class real estate development in TX Clay Dunnagan, Anchor Capital Management Company, LLC - Why opportunities are evolving in small cap US companies Lane Murphy, Mast Hill Fund - Discuss their focus on private credit: short duration (1 year), convertible notes of small and micro cap public companies. Jordan Allen, Garrington Capital - Will discuss how they deliver alternative, transitional funding to small and medium sized businesses in the US & Canada Bruce Eliot, P/E Investments - A review of the global FX markets Rick Selvala, Visdom Investment Group LLC - How does an options overlay strategy add hedged incremental yield/returns to an existing portfolio? Sean Kelly-Rand, RD Advisors - Evaluating opportunities in high-yield, short-term senior real estate debt on residential assets in Boston Jeff Hinkle, EJF Capital, LLC - Discussion concerning balance sheet solutions for financial institutions Registration: Gulfstream Gorup, Inc., Single Family Office Sagar Family Office, Single Family Office L Investments & Salsano Group, Single Family Office FFC Capital, Single Family Office Cayside Partners, RIA/Multi-Family Office Cooper Family Office, Single Family Office Meyer Companies, Single Family Office Privos Capital, Global Multi-Family Office Dominion Capital, LLC, Single Family Office Declaration Capital, Single Family Office SER 1 Capital, Consultant The 22Hundred Group, Single Family Office The Ellen and Ian Graham Foundation, Foundation/Endowment Burns Family Office, High Net Worth Individual Aceana Group, Single Family Office Aladdin Capital, Single Family Office Gesner Capital Partners, Single Family Office A Graham Advisors, Single Family Office Emerald Multi Family Office, RIA/Mutli-Family Office SFG Asset Advisors, Single Family Office Krusen Capital, RIA/Mutli-Family Office NEPC, LLC, Consultant Triaverun, Single Family Office Miles Howland & Co., Private Investor Beverly Capital, Single Family Office Stone Family Office, Single Family Office Stable Asset Management, Fund of Funds US Bank Wealth Management, Private Bank Misha Investment, Single Family Office CFL3 Family Office, Single Family Office Llama Violeta Ventures, Single Family Office Helm Family Office, Single Family Office

Investing in CRE in Milwaukee, Wisconsin, presents a promising opportunity. Milwaukee benefits from its strategic location as a major Midwest hub with access to transportation networks, making it a logistical and distribution hotspot. The city's diverse economy includes manufacturing, healthcare, finance, and tech industries, offering a stable tenant base for CRE properties. Milwaukee's ongoing urban revitalization, including the development of the FIserv Forum and the Milwaukee Bucks' success, attracts businesses and residents, increasing the demand for various commercial spaces. This combination of economic diversity, strategic location, and urban growth makes Milwaukee an attractive prospect for CRE investors.

This quote is a timeless reminder that success in real estate hinges on foresight. Are you ready to be a visionary in your field? The future of real estate is in your hands. Stay ambitious. Stay pensive. And remember, the land of opportunity awaits. https://lnkd.in/g6dBDZ9n #Blueoval #landsales #Realestateagents #Realestatelife #realestateagentnews #blogposts