59 min
NNN Development, Programmatic Equity, and Yield on Cost w/ Andrew Dunn, VAC Development Breneman Blueprint: Real Estate and Entrepreneurship Podcast
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- Investing
This episode takes you inside the deal-making process of commercial real estate investor Andrew Dunn. Andrew is the managing partner at VAC Development, an asset-class agnostic real estate investment group focusing on yield and asset allocation.
Andrew primarily runs the acquisitions, capitalization, and business plan execution for the firm. In this episode, Andrew reveals his approach to scaling a real estate business through a programmatic model. He details how he sources deals that fit the criteria of large institutional investors and secures large equity checks through relationships. Andrew also provides insights into evaluating retail, office, and mixed-use deals through an analysis of yield on cost and development spread. Timestamps:
00:00 Intro01:09 Andrew’s Dunn background04:20 Getting into commercial real estate06:42 The importance of operator selection for hotel deals09:56 Setting yourself apart from the competition12:14 Chasing equity vs. chasing deals16:30 The director of investor - requirements and commissions18:57 Investor relations strategies for finding capital23:51 The Starbucks lease strategy32:19 The importance of lease in terms of cap rate40:05 Yield of cost metrics and risk evaluation49:33 The influence of demographics on property value53:33 Retail vacancy rates and office space trends56:00 Shift in consumer behavior towards outdoor malls59:56 Sublease and healthy market Interested in chatting with Andrew?
Connect with him on LinkedIn:https://www.linkedin.com/in/andrewmdunn41/
X/Twitter:https://twitter.com/andrewmdunn_
tiktok: andrewmdunn_
Or through his company site:https://www.vacdevelopment.com/
--Breneman Capital: https://www.breneman.com Investor List: https://www.breneman.com/invest Passive RE Investor Guidebook: https://www.breneman.com/downloads Connect with Drew: https://linktr.ee/drewbreneman
This episode takes you inside the deal-making process of commercial real estate investor Andrew Dunn. Andrew is the managing partner at VAC Development, an asset-class agnostic real estate investment group focusing on yield and asset allocation.
Andrew primarily runs the acquisitions, capitalization, and business plan execution for the firm. In this episode, Andrew reveals his approach to scaling a real estate business through a programmatic model. He details how he sources deals that fit the criteria of large institutional investors and secures large equity checks through relationships. Andrew also provides insights into evaluating retail, office, and mixed-use deals through an analysis of yield on cost and development spread. Timestamps:
00:00 Intro01:09 Andrew’s Dunn background04:20 Getting into commercial real estate06:42 The importance of operator selection for hotel deals09:56 Setting yourself apart from the competition12:14 Chasing equity vs. chasing deals16:30 The director of investor - requirements and commissions18:57 Investor relations strategies for finding capital23:51 The Starbucks lease strategy32:19 The importance of lease in terms of cap rate40:05 Yield of cost metrics and risk evaluation49:33 The influence of demographics on property value53:33 Retail vacancy rates and office space trends56:00 Shift in consumer behavior towards outdoor malls59:56 Sublease and healthy market Interested in chatting with Andrew?
Connect with him on LinkedIn:https://www.linkedin.com/in/andrewmdunn41/
X/Twitter:https://twitter.com/andrewmdunn_
tiktok: andrewmdunn_
Or through his company site:https://www.vacdevelopment.com/
--Breneman Capital: https://www.breneman.com Investor List: https://www.breneman.com/invest Passive RE Investor Guidebook: https://www.breneman.com/downloads Connect with Drew: https://linktr.ee/drewbreneman
59 min