Snowball buys/enhances tristate CRE properties for its investors, tenants & local communities. 180M AUM. World Traveler & Dad. Ex CBRE & NYCEDC #retwit
Joined March 2021
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14 Oct 2024
@Snowball_Dev sold 325 Midland in Garfield NJ last week. Exiting an asset is bittersweet, especially when it was the 1st deal that kick-started Snowball as a business. Fortunately, we are midway thru a major renovation for the user-buyer, so withdrawal will be slow. #retwit 👇
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What is up with the Haiti vs Scotland uniforms. If not for the very homogeneous skin tones, one would be very confused about the curious uniform selections and who is playing who.
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There are clear economic benefits to this construction project. The mass transit integration would transform the labor pool opportunities for both Long Island and Connecticut residents.
Couple that with the fact that private capital would fund alone. wtnh.com/news/connecticut/ph…
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Who has excess corporate seats to Senegal vs France that they want to unload on a small but growing real estate investment manager?
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“How dare my walk to the post office be elongated to save lives! Shame on the DOT” rcbizjournal.com/2026/06/02/…
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Nice lil email to start the Monday.
“Yes, the attached document is acceptable.
Please draft a lease for our review.”
#alwaysbeleasing
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Watching NYC electeds out-celebrate each other on social media is quite humorous. We get it, you’re a public figure, but every bucket does not require a post.
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There is a dog ass deal in Hartford that just keeps circling. LP wants out and no takers. People reviewing ultimately ask us our opinion. Should i finally relax and tell them to proceed with caution vs run away?
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F’n crazy how dumb investors were to sign up for this type of deal.
It was not just the sponsor looking in the rearview mirror for their leasing assumptions and missing the obvious headwinds.
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F’n crazy how dumb investors were to sign up for this type of deal.
It was not just the sponsor looking in the rearview mirror for their leasing assumptions and missing the obvious headwinds.
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We started acquiring CRE assets in 2021 & 2022. I was also a first time syndicator. Raised $70M of capital since deal #1.
But we actually bought deals where expenses could be controlled & revenue increased contractually speculatively via marking rents to market new income👇🏼
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As we scale we want to onboard more like-minded investors. I am not interested in giving away control & expect to receive market fees for running an investment management business.
Also although we are 100% industrial today, that could change should market shifts necessitate 👇🏼
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A lot of what i just wrote is treasonous to the LP minder circles.
I did not need to be an experienced operator to have great ethics or market discipline. We knew where we needed help partnered appropriately. I was not nor am not an industrial expert. We do CRE investing. đź‘Š
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Wall Street will do anything for fat fees.
Jun 4
BREAKING: Goldman Sachs put a rocket in its lobby and Morgan Stanley put SpaceX signage over its elevators and turnstiles as the bitter IPO rivalry heats up.
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People sometimes ask...what type of industrial assets will you not buy? The answer is typically "totally dysfunctional real estate". And today i received this "newly constructed NNN" beauty in my inbox = instant pass. Why any developer or tenant would construct this is beyond me.
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Our Spring 2026 newsletter is out! Check it out for a rundown of the 2026 deal stampede, plus early GP Fund returns, property capex & more!
mailchi.mp/snowball-dev/spri…
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Also to get this newsletter direct to your inbox in priority, subscribe here:
eepurl.com/h172tX
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Disclaimer: i do not own a car. Not for my business nor personal use. I live in Brooklyn & commute to Manhattan 5X per week by subway.
And I just rented an SUV for the summer at $3800 which will cover my family of 3 getting up to Montreal & back plus other excursions. Winning!
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Lets never forget that brokerage reports are designed to deliver transactional activity. When they say that markets are moving, what they instigate is talking points for their key advisors to say today is the bottom of the market or “act now or be fired”. bisnow.com/national/news/ind…
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I should add that I personally wrote/edited these reports for 13 years at CBRE in Montreal so speak from a position of confidence. Certainly we would never “undermine” our current pipeline and client base.
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