088: Learn to invest in Retail space with Chris Ressa

<p>With his dedication to solving real estate needs for entrepreneurs coupled with his ability to thrive under immense pressure, Chris Ressa hasn’t let the pressures of the world affect who he set out to be. He has persistently earned his way into becoming an established industry influencer. No wonder he has been recognized by Chain Store Age for his achievements and made it to their 10 Under 40: The Dazzling Dozen. Now as Chief Operating Officer at DLC Management Corp., Chris oversees DLC’s asset portfolio of $3 billion while managing diverse business units including leasing, construction, property management, and marketing. DLC Management Corp. currently owns and operates 75 open-air shopping centers in 24 states. Learn more about DLC Management Corp. here.<br> <br> <strong>(00:01-03:53) Opening Segment</strong></p> <p>- Introduction of the guest, Chris Ressa into the show</p> <p>- Chris shares his journey of where he studied, his first job and how he got into real estate</p> <p><br></p> <p><strong>(03:54:-16:40) The Journey to Commercial Real Estate</strong></p> <p>- Chris shares his first real estate deal</p> <p>- Chris shares why he decided to stay in retail and commercial real estate</p> <p>- Cap rates in retail space</p> <p>- Importance of understanding Unit Economics</p> <p>- Chris shares how he evaluates a retail real estate deal</p> <p>- What is gap analysis?</p> <p>- Chris shares the types of things they are looking for a retail real estate deal</p> <p>- Chris shares the software tools they use to evaluate deals</p> <p>- "Relationship is more important than market knowledge."</p> <p><br></p> <p><strong>(16:41-23:27) The Gotchas in Retail Real Estate</strong></p> <p>- Gotchas to keep in mind while underwriting retail space</p> <p>- Understanding WHO the signatory on the leases</p> <p>- Best deal</p> <p>- Worst deal</p> <p><br></p> <p><strong>(23:27-23:46) BREAK</strong></p> <p><br></p> <p><strong>(23:47-24:15) Second Segment</strong></p> <p>- Welcoming listeners back and re-introducing podcast guest, Ch