Ibotta’s Post

• Diverse Market: From vibrant retail spaces to booming office buildings, Florida’s commercial real estate market is as diverse as its ecosystem. • Investor’s Choice: With its favorable tax laws and growing population, Florida ranks high among investors looking to maximize returns. • Innovation Hub: Cities like Miami and Tampa are becoming incubators for startups, driving demand for creative and tech-friendly commercial spaces. Whether you’re looking to invest in or develop commercial properties, understanding the legal landscape is crucial. Our firm provides expert guidance to navigate Florida’s commercial real estate market, ensuring your ventures not only succeed but thrive. DM us now to schedule a call with one of our Attorneys. #florida #realestate #opportunity #realestateadvice #expertadvice #commercialrealestate #didyouknow #realestateinvestment

🚨 Big News Alert! 🚨 We couldn’t be more excited to share that Evernest has officially acquired Poplar Homes, making us the nation’s second-largest tech-enabled property management platform! 🎉 This acquisition brings our portfolio to nearly 23,000 units across 50+ markets—including exciting new ventures into California, Oregon, Illinois, Nevada, South Carolina, and Washington. 🌎 Can anyone say coast to coast? But wait, there’s more… 📣 We’ve also secured $15 million in strategic funding, led by LL Funds, to turbocharge our mission of simplifying rental property ownership and delivering next-level services to single-family and small multifamily investors across the country. 🚀 Want to see how we’re shaping the future of property management? Check out the full story here: https://lnkd.in/gCgZyRXh Here’s to the journey ahead—big moves, bigger goals, and maybe even bigger celebrations! #Evernest #PoplarHomes #PropertyManagement #Growth

Our Business Incentive Program offers $1.1 million in grants to help expand operations, stimulate the local economy, and attract high-quality businesses to #DowntownMiami. Learn more about how our incentives for ground-floor retail, start-ups, and mid-size businesses can benefit your venture in this article from Miami Today Newspaper: https://lnkd.in/gtaE8nR5. #MiamiDDA #BusinessIncentives #DowntownMiami 

We’re in an entrepreneurial boom. Does your downtown have the storefronts to support these new businesses as they expand? Ask your local Main Street America organization how keeping businesses in historic downtowns leads to improved local economies. (And ask about the improved outcomes from utilizing downtown historic buildings as commercial spaces) (Data from https://lnkd.in/gbgAy_sF)

Our investment in Churchill Group has been showcased as an example of a business succeeding in the East of England in Real Deals’ Private Equity Value Report 2024 available in full here - https://lnkd.in/ehmn3EKT.   The article covers how the East of England has a healthy number of fast-growing PE-backed businesses with the business product and services sector being the most successful making Churchill a fitting case study for the region.   Churchill was already a £250m revenue company when it partnered with Soho Square in 2020 to de-risk the founders’ positions and prepare for new management to come in.   Soho Square co-Managing Partner Stephen Edwards led the deal and comments on how well the team managed dealing with the challenges of Covid which while complicated actually increased the demand for cleaning services and needed more creative cleaning and tech solutions than in normal times. This was also the case with Churchill’s security services when offices, although empty, needed good security. The growth persisted after Covid where cleaning to a higher standard has remained a priority.  Covid was not the only growth factor for Churchill however - its focused offering has resulted in better profitability than a lot of its larger competitors.   Soho Square’s exit from Churchill in August 2023 in just three years instead of the expected five years was in the form of an Employee Ownership Trust, only possible because of how the original deal had been structured without a significant equity stake. Soho Square’s more hybrid model of investment means that its portfolio companies don’t need to be sold as a whole for them to realise their investment allowing for refinancing's or management to buy back the business. Stephen Edwards commented, “It’s good to see Churchill recognised as an East of England success story. We are delighted to have partnered with Churchill’s highly capable management team who delivered transformational growth well ahead of plan. When Churchill’s founding team explored early exit options, Soho Square’s minority equity structure enabled the Company to have greater choice of exit routes than would be the case with more traditional private equity structures and it was great that they could exit to an EOT, which resulted in a full exit for Soho Square and Churchill now being fully owned by its management team and employees.”   #privateequity #EastofEngland #successstory #employeeownershiptrust #exitoptions

Good morning. Here’s your daily round-up of the latest news and views from EG, all perfectly curated to set you up for the week ahead. As the sun sets on 2024, EG looks back at the year when a new government was voted in, the market began to express some optimism and big deals were done. Delve into EG’s annual review of the year, in which we take a look – month by month – at the biggest stories to hit the headlines, from LondonMetric Property PLC (LMP) and LXi REIT PLC’s January merger, through to a new government, the saviour of WeWork, Home REIT’s failure, the loss of some major talent and personalities from the real estate sector to the slow but gradual return of optimism. Elsewhere, Welput has had its plans to build a 43-storey office block next to one of Britain’s oldest synagogues, refused by the City of London Corporation planning committee. Welput’s plans, which proposed 366,000 sq ft of new commercial space at Bury House were refused 14 to 8 due to the tower’s impact on the Tower of London world heritage site, its bulk and massing and impact on sunlight to surrounding buildings. In Hampshire, Southampton City Council and Southampton Football Club are looking to score with the signing of a memorandum of understanding outlining plans to explore the redevelopment of the St Mary’s Waterfront area. The partnership aims to create a premier sports, leisure, and entertainment offer along the South Coast, benefiting residents, visitors, and the broader community. Phil Parsons, chief executive of Southampton FC said: “For the club to thrive and survive in the Premier League, we must increase our revenue streams and developing the St Mary’s Waterfront area is central to achieving that. In turn, a successful football club at the highest level brings enormous benefits to the city, including increased tourism, investment, and civic pride.” Henry Boot has teamed up with Feldberg Capital for a new push into mid-box logistics. The pair's Origin JV is seeded with three Henry Boot logistics developments with a combined GDV of £100m. The jv will target EPC A and BREEAM Excellent developments. David Turner, managing partner at Feldberg Capital, added: “Having held back from the industrial and logistics market while assets looked overpriced, we believe now is a highly attractive entry point." And developers may well be able to sidestep working out how to mitigate any damage they may make to natural habitats ahead of gaining planning permission under new reforms by the government. In its bid to reach its target of delivering 1.5m new homes over the next five years, the Labour government is proposing that developers pay into a new nature restoration fund – likely to be managed by Natural England – which will then take responsibility for securing positive environmental outcomes across developments. All that and so very much more in your EG MORNING NEWS ⬇️ ⬇️ ⬇️ https://lnkd.in/eicsZ4pJ

Food and retail startup stalls to help fill remaining space in Appleton's Fox Commons On the first floor of Fox Commons, The Wild Goose Exchange knows what it's like to turn a pop-up shop into a thriving business. “We were like we just need a temporary space to try this out, so we were in this space for about four months and then we just realized we had a thing and it was a great way to test out,” said Kim Massey, co-owner of The Wild Goose Exchange. Three years later, the new and recycled fashion store will be getting a rotation of neighbors with The Fox Den. Ten pre-constructed stalls will allow food and micro-retail entrepreneurs an affordable option to test out their potential businesses. “There is a lack of these spaces,” said Massey, who is also the regional director for Wisconsin Women’s Business Initiative Corporation. “This is a great place for us to now start putting our eyes on and highlighting to those looking to start growing a retail or restaurant business.” Revitalizing the old mall has been a partnership between Dark Horse and Boldt development companies that started about two years ago. They're the ones behind The Fox Den. Sam Schmidt, of Dark Horse, wasn't available for an on camera interview, but tells FOX 11 The Fox Den helps fill the remaining space in Fox Commons and will help fulfill the original goal of making the building a downtown attraction once again. “Honestly, it sounds pretty cool, like a really good opportunity for Appleton to go even more as a very nice town, a very nice city,” said Cesar Donaire, a Lawrence University student. Donaire is one of the Lawrence University students who moved into a new third floor student apartment inside Fox Commons this fall. He says he had high expectations when he originally moved to Appleton from New York, having heard there was a downtown mall. “I went in there and it was like a ghost town,” said Donaire. Donaire says it is a much different atmosphere now in Fox Commons. There will eventually be apartments for up to 174 Lawrence students. The building also includes Mosaic Family Health, Prevea Health and venture capital firm gener8tor. #Startup #Investment #Economy #Business #Financial #Investor #Economic #Investing #Founding #Invest #Fund #US #USA #UK #Europe #America #Asia #Bangladesh #World #News #WorldNews #BDNews

Thank you Anthony Rose, founder of SeedLegals, for a great afternoon discussing what we're up to at Building Passport. Check out the highlights of our podcast below for a quick summary of the problem we're solving for the #RealEstate industry. #cretech #proptech #buildinginformation #ai

Common has gone under and the coliving world is reeling… With the dust having settled following Common's recent bankruptcy announcement, I’ve finally had a chance to listen to Gui Perdrix insightful podcast with Brad Hargreaves, Common's former CEO (link in comments). Having manned the tiny rubber dinghy that is HIVE Coliv for the last few years, I couldn’t resist sharing some of my key take-aways from the events which have unfolded: 🏗 Coliving Operators = Property Management Companies Don’t shoot me for stating the obvious, but once you strip away all the bells and whistles, coliving operators are fundamentally nothing other than property management companies. Whether your business model is based on pursuing master lease agreements or fee-based management agreements, fundamentally, you are managing a real asset in exchange for some form of remuneration. Yes, with the added layers of branding, tech, services, community etc. it’s more nuanced than managing traditional multi-family / BTR assets, but this does not magically absolve one from adhering to the fundamentals of the property management business model. Please please please don’t pretend to be a tech company and whatever you do: 💰 Avoid VC Money Raising millions in funding from VCs is like trying to power a horse-cart with rocket fuel – it’s not needed and won’t work. It’s great for the ego but the expectations which comes with it will inevitably force you into a “scaling at all costs” approach, which leads me to my next point: 💸 Positive Margins Trumps Growth Until such time as you’ve optimised your operations and you’re close to achieving positive profit margins at the asset-level, “scaling at all costs” might keep the VCs at bay but will only serve to exacerbate any inefficiencies in your operations and will lead to more negative cash outflows. Yes, we all want to announce new assets under management, but if you’re running at negative margins at the asset-level, don’t fool yourself into believing that securing more keys is the answer to achieving positive margins. 🏦 Asset Density is Key And if you are hell-bent on maximising keys under management, please at least do so in a manner that achieves density / critical mass in a specific geography before your branch out to new cities / countries. Again, if your margins are not positive at the city-level, juggling more assets in dispersed geographies will only make your life more difficult. And last but not least: 👩🎓 Choose Your Asset Wisely Don’t dilute your brand / offering and confuse your customers by accepting mediocre assets – again, this is great for showing growth in the short-term, but will inevitably come back to bite you in the long-run.

Although we just closed a month ago... The 𝐟𝐢𝐫𝐬𝐭 𝐩𝐫𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐫𝐞𝐭𝐮𝐫𝐧𝐬 𝐟𝐫𝐨𝐦 𝐁𝐨𝐚𝐫𝐝𝐰𝐚𝐥𝐤 𝐈𝐧𝐧 𝐚𝐫𝐞 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐢𝐧—and we’re just getting started! 🎉 It’s a milestone I’m thrilled to share with you. Our first distribution from Boardwalk Inn has been paid, in 𝐅𝐔𝐋𝐋 and 𝐎𝐍 𝐓𝐈𝐌𝐄. Here’s what makes this project stand out:  Prime Location: Iconic Carolina Beach boardwalk with steady guest demand for reliable occupancy.  Investor-First Returns: Cash flow goes to investors first—general partners get paid only after 100% of monthly preferred returns are paid to investors. Flexible Financing: 3% fixed interest-only, with no payments for 12 months, supporting early cash flow.  Exclusive Stays: Enjoy complimentary property stays as an investor, experiencing your impact firsthand. 𝐎𝐩𝐞𝐧 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬: We’re still raising capital, with a 𝐟𝐞𝐰 𝐬𝐩𝐨𝐭𝐬 𝐥𝐞𝐟𝐭 for investors ready to join a project that values consistent and timely distributions to investors: 14% preferred returns on $100K 𝐓𝐡𝐞𝐬𝐞 𝐫𝐞𝐦𝐚𝐢𝐧𝐢𝐧𝐠 𝐬𝐩𝐨𝐭𝐬 𝐰𝐨𝐧’𝐭 𝐥𝐚𝐬𝐭 𝐥𝐨𝐧𝐠, so if you’re ready to start building passive income without the demands of day-to-day property management, let’s make that vision a reality with Boardwalk Inn. Click to learn more or DM me to connect. 👉🏻https://hubs.ly/Q02WLyFq0 —- 📸 Enjoying Friends and family at a recent mastermind—reminding me why I’m passionate about creating passive income opportunities like Boardwalk Inn so we can all enjoy more moments like this. #ConsistentReturns #PassiveIncomeForProfessionals #FinancialFreedomJourney #RealEstateSyndication #InvestInYourFuture