Insights from Massimo Con 2022
The Massimo Group is the top Commercial Real Estate broker/agent coaching organization in the world! This year for the first time, the Massimo Group hosted their first live conference event that was open to the public. The convention had several CREi Summit List makers on panels and in attendance. #DominateCRE. Here are a few of DeLea Becker’s takeaways.
Less than 3% of Commercial Real Estate is Owned and Managed by Women
According to research by BiggerPockets, women represent less than 2% of commercial real estate investors. This figure is surprising given that more women own and manage their own businesses today than ever before. Commercial real estate is an asset class that offers tremendous potential for growth, especially when you consider the current market conditions. However, most women are not investing in commercial real estate for one main reason: lack of knowledge about how it works and how they can get started investing. But this isn't true for Women In Commercial Real Estate. For Women in our profession, investing is squarely in our Circle of Competence.
There is potential to create $1 trillion dollars of value for women in commercial real estate by 2025 if we start investing like men. It's a $3.5 trillion dollar industry, and it's the largest one in the world.
1031 Diary II: Boost Mobile, 4403 W. Commerce
We acquired 4403 W Commerce in December of 2020 after selling 2707 Rogge Lane. The Rogge property was an East Side shopping center near the Mueller that required a gut renovation. We had it leased up and were working through our redevelopment plans when Austin’s growth out-paced us and a bigger fish came with an offer we couldn’t refuse.
Similar to our 8808 Barker Cypress acquisition, we felt like we could sell high in the Austin market and move our gains into a safe and stable NNN investment elsewhere.