How Big is Feldman Equities
Larry Feldman: We’ve calculated recently that we’ve either developed from the ground up or have acquired in excess of 11 or 12 million square feet of office product over our tenure, since 1985.
Larry Feldman: We’ve calculated recently that we’ve either developed from the ground up or have acquired in excess of 11 or 12 million square feet of office product over our tenure, since 1985.
Larry Feldman: Making sure that we create a beautiful product that is better than the competition, that is reinvented so that there are things about it that differentiate it from our competition.
Larry Feldman: From a financial standpoint, because we’re buying existing property below replacement cost, all of the cost of renovation plus the cost of our purchase price still winds up at a very attractive cost basis.
Larry Feldman: We are re-inventors of the office building, and we’re specialists only in doing that. We’re not doing a lot of different things. We’re sharpshooters, also, in our local market, here in Tampa Bay.
Larry Feldman: First of all, there are a lot of real estate developer entities, or real estate entities that are really financially oriented organizations.
Jonathan Schneider: An institutional investor was someone like New York Life, or a public REIT, or any big, big player that has a large net worth, and it could either be a single investor, or an entity. That’s what I mean by institutional.
Larry Feldman: If I would try to put words in the mouth of one of our investors who’s had significant experience in investing with us, what do I think they would say?
Larry Feldman: We have a proprietary method of marketing that is different and unique in the market, and that is that we market through real estate brokers.
Mike DiBlasi: The brokers that do bring the tenants love doing business with Feldman Equities because they know that their tenants are going to have a good tenant experience.
Jonathan Schneider: Yes, what we do have is that great mix of institutional investor coming in and putting a chunk of the equity into a deal, and then we have the crowdfunding, and private investor that comes in to fill another portion of the equity.