capscore.it
Your competion wants to take a shot. Are you ready?
captrends
Don’t be afraid to look at things in a new way.
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lue va ind F 2 | Prototype 2015
Commercial real estate is as much about personal discovery as it is about IRR and NPV. The ability to have a hand in shaping the built environtment around us is not only important, but insanely cool. Find value in these pages. Wander through the images and dig deeper into the knowledge needed to make the right decisions. The goal of everyone involved with this is to provide you, the reader the opportunity to gain inspiration as much as information. Find Value. - Mike Foundos Founder of this little (ad)venture, I call capscore.it
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Capscore.it | 3
10
Mike, is this a good investment?
34
Due Diligence when Crowdfunding
4 | Prototype 2015
6
5 Things: Invest in Apartments
28
Heartbreak Hotel: CRE war stories
40
How CRE can fix the grocery store.
16
5 Things: Office Buildings
24
Do you want to know what “it” is?
20
The Maker Movement and CRE
Capscore.it | 5
5 things: Investing in Apartments By: Mike Foundos , Founder CapScore.it
One of the hardest assets to perform a due diligence on is multi-family, or apartment, projects, small or large, the insight into these assets are the same. There are many facts an investor searches for and then some. Below are 5 items that should be performed in looking to buy an apartment building 1.Rents. Are they below, at or above market. With the building boom for apartments rents are at their highest level. Don’t make the mistake that you can get your rents up Dz dzǤ ơ Ǥ ǡ ǡ expenses, amenities, restrictions. Many apartments are being marketed with bad assumptions such as “value add” if you make these improvements you can get $50 more per month for each unit or “below market rents” well what’s the reason they are below market? Start your due diligence with current rents in the building and look for realistic opportunities to raise rents. 2. Expenses. Another marketing ploy to sell at an unrealistic cap rate. Some properties ơ ǡ deferred maintenance, security, expenses that just come with age. Throw the “pro-forma” out the window. Get actuals from property manager, tax returns, municipalities and make sure you include these in your contract due diligence clause. Project realistic expenses. As a rule of thumb, depending on age, size, who pays for utilities, expenses should range $350, $450 and $550 per month per unit excluding debt. If you see a package that qouts $250 in expenses and was built in 1978 your due diligence time just got a lot longer. 6 | Prototype 2015
3. Vacancies. Touting a 3% vacancy factor. Well think again. Turnover impacts rent loss and expenses. Your real vacancy factor could be 10+%. Turnover creates vacancies. You need to ascertain the % of turnover in a building. Check the rent rolls for the last three years and see if you ơ Ǥ Ǥ company should have a program that gives you a reading on turnover, rent loss and cost ȗ ǡ ǡ ǡ Ƥ ǡ ǡ I have seen it all. It should also tell you the reimbursements from forfeiture or partial ơ Ǥ vacancy and if possible every unit that is vacating during your due diligence. You may be Ƥ Ǥ Ǥ Ǥ Ƥ Ǥ ǡ Ƥ Tickle living there and paying the manager half the rent in cash. I have seen it! Poor management doesn’t just mean the grass isn’t cut.
4. Cap Rate. You are buying at a 6 Cap. I can guarantee you that your cap rate will go up the day after closing or escrow for you westerners. Why, because you will be paying for the items you didn’t anticipate or were not told about or were aware of. I have seen where a contract did not include the transfer of all security deposits to the buyer at closing. Ouch. Taxes will surely go up if you are paying more than what the previous owner paid for the property. If the cap rate was calculated by a pro-forma it better be yours, the buyer. If it’s a value add ƪ ǫ cap rate is the norm to value a property but when it comes to apartments the variables are Ǥ ǯ Ƥ Ǥ ǯ mainly larger and well located. It’s easy to get blind sided when you can cover pretty much anything that goes wrong. But remember throwing money at a project doesn’t guarantee success.
5. Financing. Dz dz Dz dz Ƥ Ǥ as REITS, hedge funds and private equity can usually pay cash saving a ton of money by Ǥ Ƥ Ǥ Ǧ ǡ Ƥ ǡ Ǥ The best way to avoid the above is to have a good due diligence report with reasonable assumptions. Even if you have a broker it will make their job easier with an anticipated success to close with better terms. Remember those surprises above, well lenders are savvy and haven’t forgotten the mistakes previously made in the apartment market.
apartment
Capscore.it | 7
Was your landlord’s idea of snow removal “Sun or None”? Did you know there is something you can do about it, other than hear your employees bitch.
captrends 8 | Prototype 2015
The cube farm, where creativity goes to die.
See how this one developer is using tech to bust open and transform the modern office.
for more visit, capscore.it
“Mike, is this a good investment?” 2"01&,+0 ȩ,* 1%" IJ")!F By: Mike Foundos, VP of Brokerage for Foundos & Associates
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10 | Prototype 2015
1. What type of investor are you?
0 1%&0 -"/0,+ $,&+$ 1, " + ,4+"/ , 2-&"/D %&0 &0 01&)) 0)&--"/6 0),-" 0 1%"/" /" 0, * +6 V%&!!"+W "5-"+0"0 4&1% 1%" ,4+"/0%&- ,# /" ) "01 1"F +!H T* +,1 + 11,/+"6 ,/ H 0, +T1 $&3" 1%"* ,2+0") ,+ 1%,0" "Ȭ" 10 q )1%,2$%H 1%"6 4 +1 *" 1, "H /"0&01 1%" 1"*-1 1&,+FD /" 1%"6 ),,(&+$ #,/ - 00&3" &+ ,*"D "-"+!0 ,+ 1%" -/,'" 1B ,4 ),+$ 1"/* /" 1%"6D 0 1%&0 #,/ /"1&/"*"+1 &+ < 6" /0 ,/ 9AD 2. What type of property is it? %&0 &0 02 % + &*-,/1 +1 ,+"F ",-)"H 4,+!"/#2)H $,,! &+1"+1&,+"! -",-)"H % 3" )2" ,21 -/,-"/16 * + $"*"+1F 2& ( 0&!"H -/,-"/16 * + $"/0 /" 0-" & ) /""!F T* 1,, !,2$%6 0,Ȫ 1, % +!)" 1%" 20"F +T1 % +!)" "&+$ 6"))"! 1 #,/ 0,*"1%&+$ % ! +, ,+1/,) ,3"/F T* "*- 1%"1& H 21 &0 1,2$% $&$F )) 1% 1 0 &!H &0 1%&0 &+3"01,/ /" !6 1, % +!)" 1%"0" % ))"+$"0 ,# *2)1&K 1"+ +1 2&)!&+$F + &1 02--,/1 -/,-"/16 * + $"/D (" +, *&01 ("0H &0 20&+"00F +! 20&+"00"0 +""! -",-)" 1, /2+ 1%"*H 1%"/" &0 +, 21, -&),1F 3. Do you have the funds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r
Researh and discover your next investment at capscore.it.
invest
Capscore.it | 11
Virtual Tour just for home captrends 12 | Prototype 2015
The technology has finally become advanced enough for the commercial guys to take notice. This company is putting customer enagement on steroids.
rs are not es anymore. for more visit, capscore.it Capscore.it | 13
Keep Score captrends
captrends 14 | Prototype 2015
What’s stopping you from building wealth in commercial real estate?
captrends
IF YOU ARE WAITING FOR A SIGN. THIS IS IT. www.capscore.it Capscore.it | 15
5 Things: Office Buildings ,+0&!"/ 1%"0" 4%"+ &+3"01&+$ By: Mike Foundos, VP of Brokerage for Foundos & Associates
ȯ " 2&)!&+$0 % 3" % ! 1/"*"+!,20 /2+ ,3"/ 1%" - 01 0"3"/ ) 6" /0 0"))&+$ 1 1%" ),4"01 - / 1"0 +,1 0""+ 6 *,01 +! -&1 ) % 0 ""+ 2+! +1F H %"!$" #2+!0H -/&3 1" ".2&16 +! "3"+ -"+0&,+ #2+!0 % 3" '2*-"! 1, ,4+F ,4 &+1"/"01 / 1"0 +! 0% % 3" ""+ 1%" !/&3&+$ #,/ " #,/ * +6 ,# 1%"0" 0 )"0F !,+T1 1%&+( 6,2 + IJ+! ,+" ,3" = -F 21 4 &1F ,01 ,# 1%"0" 0 )"0 4"/" !/&3"+ 6 0&+$)" 1"+ +1 20"/0 +! $,3"/+*"+1 &+ 1%" ,# #"4 T0 02 % 0 H H + / + &0 ,H ,01,+ +! #"4 ,1%"/0F ,H 1%" * /("1"/0 /" 1/6&+$ 1, 0")) "3"/6 ,ȯ " 2&)!&+$ #,/ = -F %&0 &0 4%"/" !2" !&)&$"+ " ,*"0 &+F "),4 /" < &+0&$%10 6,2 0%,2)! &+ )2!" &+ 6,2/ !2" !&)&$"+ " "#,/" 6,2 -2)) 1%" 1/&$$"/F 8F /& "F Ȫ"/ 6,2 IJ+ )&7" 6,2/ !2" !&)&$"+ "H + 1%" 02--,/1 1%" 0(&+$ - / 1"D ,01 !,+T1 21 1%"/" /" !&ȏ"/"+1 16-"0 ,# 26"/0 4&1% !&ȏ"/"+1 002*-1&,+0 +! /"12/+ / 1"0F , 1%" -/& " * 6 " --/,-/& 1" #,/ 1%"*F %&0 * ("0W* (&+$ + ,ȏ"/W !&ȯ 2)1 1, &*-,00& )" " 20" 0"))"/0 % 3" 1%&0 = - &+$/ &+"! &+ 1%"&/ %" !0F ,2 * 6 % 3" 1, * (" 8AA ,ȏ"/0 1, $"1 8 26F /,("/0 4&)) !/,- 6,2 &# 6,2 !, 1%&0 " 20" 1%"6 +! 1%" 0"))"/0 4 +1 :A 1, ;< ! 6 ),0"F # 6,2 4 +1 1, 01 6 &+ 1%" $ *" !2" !&)&$"+ " % 0 1, " !,+" "#,/" ,+1/ 1 0&$+&+$F 9F &+ + &+$F 5 "-1 #,/ 1%" +(0 6,2 4&)) +""! 9A 1, :< !,4+ -)20 ),0&+$F # ,2/0" 6,2 0%,2)! % 3" 6,2/ )"+!"/ )/" !6 )&+"! 2-F %"/" 1%"/" &0 + 002*-1&,+ 3 &) )" 4,2)! 1 (" !3 +1 $" ,# 1% 1 #,/ 1%" 8 #""F # 1%" -/& " % 0 ) /$" $ - "14""+ 1%" ), + +! -2/ % 0" -/& " 0"" &# 1%" 0"))"/ 4&)) %,)! 0" ,+! 0, 6,2 + *""1 6,2/ !,4+ - 6*"+1 /&1"/& F
1T0 % /! 1, $"1 IJ+ + &+$ ,+ 02 2/ +H *2)1&K1"+ +1 ,ȯ " 2&)!&+$0 1,! 6 0&+ " *,01 16 | Prototype 2015
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y= -0# !,"0+T1 21 &1 +6*,/"H 1/6 y?H y@ ,/ y8AF 2/+,3"/ #,/ ,ȯ " 2&)!&+$0 &0 1%" *,01 "5-"+0&3" ,01 &+ +6 /" ) "01 1" ) 00F 3"/6 +"4 1"+ +1 4 +10 +"4 ) 6 ,21F %"/" $,"0 y8<AHAAA ,+ +"4 <HAAA 0# 0- "F )),4 + "0 /" +"3"/ "+,2$% 1, ,3"/ 1%&0 ,01 0, " 02/" 1, &+ )2!" 12/+,3"/ ,01 &+ 6,2/ !2" !&)&$"+ " ,/G H 6 1%" 4 6 1%&0 &0 /" ) /" ) "01 1" 1"/*F ;F " 0"0F 2)1&K1"+ +1 2&)!&+$0 % 3" !&Ȭ"/"+1 4,/!&+$ &+ 1%"&/ )" 0"0 !2" 1, &+&1& ) +"$,1& 1&,+0F 1T0 &*-,/1 +1 1, % 3" + 2/ 1" )" 0" 01/ 1 ,+ "3"/6 )" 0" &+ 6,2/ !2" !&)&$"+ " - ( $"F "/*0H ,+!&1&,+0H &+ /" 0"0H " /)6 ,210H ,-1&,+0 1, /"+"4H /"!" ,/ 1&+$H &+02/ + " )&*&10H 20"H $2 / +1,/0H 1"+ +1 /"0-,+0& &)&1&"0H 02 ,/!&+ 1&,+ ) +$2 $"H %,2/0 ,# ,-"/ 1&,+ 1, + *" #"4F )" 0" 01/ 1 4&)) %")- &+ * (&+$ /" 0,+ )" 002*-1&,+0 ,21 6,2/ &**&+"+1 &+3"01*"+1F <F "+10F /("1H "),4H ,3"F "+10 3 /6 &+ !&Ȭ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
office
Capscore.it | 17
Infographic: How transportation LV LPSDFWLQJ RI多 FH YDQFDF\ UDWHV
Psst !! 18 | Prototype 2015
(Full version available at capscore.it )
People don’t do what you expect, they do what you inspect. Mike Foundos, Sr Property Manager, Foundos Realty
for more visit, capscore.it Capscore.it | 19
The Maker Movement
"11&+$ (&!0 "5 &1"! ,21 B By: Dale Crowner, Founder of Maker kidz, Inc. in Annapolis, MD
# 6,2 % 3" +,1 6"1 %" /! ,# 1%" V ("/ ,3"*"+1WH 6,2 4&)) 0,,+ (+,4 4% 1 &1 &0 +! %,4 &10 $/,41% ,!"0 4")) #,/ /"1 &) /" ) "01 1"F &*-)6 -21H ("/0 /" &+!&3&!2 )0 4%, /" 1" 1%&+$0F %" ("/ ,3"*"+1 /&+$0 1%"0" &+!&3&!2 )0 1,$"1%"/ 1, 0% /" 1%"&/ -/,'" 10H /" 1" 1,$"1%"/H !"3"),- -/,!2 10H 0% /" &!" 0 +! /" 1" 20&+"00"0F 0 )" ,2$%"/16H ,# ("/ "!& H !"0 /& "0 &1H V %" ("/ ,3"*"+1H )&(" 1%" +1"/+"1H &0 !&01/& 21"! 0, & ) +"14,/( 1% 1 +6,+" + ',&+ +! 0, &1 % 0 0-/" ! ȩ"")6 /,2+! 1%" $), "FW %" ("/ ,3"*"+1 % 0 )"! 1, 1%" +""! #,/ $ 1%"/&+$ 0- "0 +! 1%20H 1%" 1"/* V* ("/0- "W 4 0 ,/+F ,/!&+$ 1, 0- "0F * ("/0- "F ,*H * ("/0- "0 /" ,**2+&16 "+1"/0 4&1% 1,,)0F V ("/0- "0 ,* &+" * +2# 12/&+$ ".2&-*"+1 +! "!2 1&,+G %"0" 0- "0 + 1 (" 1%" #,/* ,# ),,0")6K,/$ +&7"! &+!&3&!2 )0 0% /&+$ 0- " +! 1,,)0H #,/K -/,IJ1 ,*- +&"0H +,+K-/,IJ1 ,/-,/ 1&,+0H ,/$ +&7 1&,+0
20 | Prototype 2015
ČŻ)& 1"! 4&1% ,/ %,01"! 4&1%&+ 0 %,,)0H 2+&3"/0&1&"0 ,/ )& / /&"0H +! *,/"FW
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+1"/"01&+$)6H 012* )"! 2-,+ ,*- +6 ))"! V /& ( +! ("/WF /& ( +! ("/ !"0 /& "0 &10")# 0 V + ,-"+ 0,2/ " ČŠ + %&0" 4%"/" 1%" /& ( +! *,/1 / *""10 1%" * ("/ ,**2+&16FW %" ,*- +6 &*0 1, 0 3" "*-16 01,/"ČŠ,+10 +! +!,+"! $ 0 01 1&,+0 4&1% V +"4 4 3" ,# *"/ % +10W ČŠ,* 1%" * ("/ ,**2+&16F %" ("/ ,3"*"+1 &0 "/1 &+)6 % 3&+$ + &*- 1 ,+ 1%" F F " ,+,*6H 1/ !&1&,+ ) /"1 &)H +! /" ) "01 1"H +! &10 $/,41% &0 "5-" 1"! 1, ,+1&+2" # / &+1, 1%" #212/"F %&0 &*" $ 7&+" /1& )" 01 1"0 1% 1H ,/!&+$ 1, 1*")H 0"*& ,+!2 1"/ * +2# 12/"/H 1%"/" /" --/,5&* 1")6 8:< *&))&,+ F F !2)10 4%, /" * ("/0F %" !"* +! #,/ : -/&+1&+$ -/,!2 10 4 0 y9F9 &))&,+ &+ 9A89 +! &0 "5-" 1"! 1, $/,4 1, y?F;8 &))&,+ 6 9A9AF
Look for Makerspace tenants to pop up in retail and industrial locations across the country.
tech
Capscore.it | 21
Do you want to k Every day we are confronted with the overwhelming amount of choices. How do you determine which path is right? Do you want to stand out? Are you willing to take a risk?
discover for yourself at capscore.it
One leads to what you know already. Safe. Reliable.
know, what
it
is?
The other, let’s you stay in Wonderland and see how far down the rabbit hole we can go.
Up to you now.
capscore.it
#hustle #CRE #deals #oďŹƒce
captrends 24 | Prototype 2015
It’s a small world after all
for more visit, capscore.it Capscore.it | 25
on tap for tonight captrends 26 | Prototype 2015
for more visit, capscore.it
“Bought a commercial piece of property to build a retail center on, going along fine, got permit, bulldozer on property clearing brush, trees, debris ,excavator comes upon a headstone. One grave…one! All work stops, have to get permission from all living relatives related to the land no not just owner, but children, cousins, and any other living relatives. Gave up. It would have taken 10 years to do and of course they smelled money. I asked the bulldozer driver why did he stop I would have plowed under but I guess his wallet wasn’t on the table.” #development
“GSA leasing is great, if you’re in the “in crowd”. I own a building and leased 25K feet to the IRS. After completion they went somewhere else. I got back a third of the money and a space I had to re-do. Have you seen their right to cancel clause? Better get an attorney or stay away.” #ownership By: Mike Foundos , Founder CapScore.it “Ever have to evict an attorney for non- payment of rent!?! I did and it took me one year and cost me more than their lease was worth.” #propertymanagement “Here are some tenants you don’t want to mix: churches, methadone clinics, mental disorder clinics, payday loans, pawn shops, karate studios. Hey, they are ok to me; they pay good rent but the complaints from the other tenants mean higher turnover. You ever try collecting CAMs and taxes from “mom & pops”? #ownership
”I was buying an apartment hi-rise in D.C., neighbor hood ok the day before closing a girl student was raped and murdered. I didn’t close and got my deposit back. No security and it happened before. Check your crime stats during due diligence.” #investment
“Going along great buying shopping centers, good cash flow, me and my partner are feeling good until he dies in his helicopter. All of a sudden I have new partners, his family and trustees wanting me out or sell the properties we worked hard for ten years to build up. I was covered in my general partner agreement but they spent $200K for atty’s fees to get me out. I said the hell with this and sold out.” #ownership
28 | Prototype 2015
Heartbreak Hotel You can’t make this S#@t up?! “Heartbreak Hotel” is a collection of war stories from the CRE industry. I think we can all relate!! Enjoy! Have a story that is just you want to share? Connect with us at Capscore.it. We will print the best ones!
In the biz
Capscore.it | 29
r e v e e n o y n a Doe s ? e s e h t use
go ahead, you know you want to.
30 | Prototype 2015
the drones are coming www.capscore.it Capscore.it | 31
go big or go home
captrends
Tools of the trade.
Architect Bob Smith of BS Designs LLC shares how he captures inspiration and this particular design element, could transform the industry.
for more visit, capscore.it Capscore.it | 33
Do the Due
2" !&)&$"+ " 4%"+ /,4!#2+!&+$ By: Mike Foundos, VP of Brokerage for Foundos & Associates
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34 | Prototype 2015
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invest
Capscore.it | 35
Art or...
36 | Prototype 2015
This installation, south of Main Street had been commission by City officials in order to highlight the culture of the region. Ben Haslinger, VP of Development for Big Ventures LLC believes that reviatlization can be accelerated with some investment by the community. His plan includes accenuating the “art” and while decreasing “vandalism”. See whats in the works.
Vandalism? Capscore.it | 37
school isn Who says old
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There was this time, not too long ago when “commercial real estate fundamentals” actually meant something. When we built a building, the numbers actually had to make sense.
- Michael G Foundos, Sr 50 year industry vet, Owner Foundos CRE 38 | Prototype 2015
’t cool?
e Th k n a l B s a v n Ca
Capscore.it | 39
Wasting Food is a sin... ,4 + IJ5 1%" $/, "/6 01,/"F By: Mike Foundos, VP of Brokerage for Foundos & Associates
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40 | Prototype 2015
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retail
Capscore.it | 41
Building the future.
42 | Prototype 2015
for more visit, capscore.it
Development project in the downtown central business district. The award winning design is expected to deliver in Fall of 2016. The LEED Platinum designed building will feature open spaces, green roof systems and zero carbon footprint.
Capscore.it | 43
3d printing has the potential to impact virtually every facet of our industry. Spurred largley by the maker movement. Science, Technology, Engineering, and Math (STEM) is a big push for the next generation. Visit caprate.it to see how one developer creates a pop up enviorment for Maker Kidz to interact with cutting edge new tech. #cool #tech #future #kids #3dprinting 44 | Prototype 2015
“A behind the scenes look at this new retail concept coming online Spring of 2015. We worked with these guys for 8 months trying to find just the right location. All the hard work paid off. I am so excited for this one. Check this video out.� Jake Verduijn, VP of Retail Brokerage, Dutchman Properties
for more visit, capscore.it Capscore.it | 45
Recenty overheard... “Have you been to that place at the "+1/" !,&+$ # /* to table on a whole ,1%"/ )"3")DW
46 | Prototype 2015
W o u l d y o u r a t h e r b e b e a u t i f u l o r c o o l ?
Tweeted February 19. 2105 by @MikeFoundos
captrends. Publisher and Creative Director Mike Foundos mike@foundosassoc.com
Art Director Aaron Haslinger aaron@primarystudios.com
Contributing Editors Michael G Foundos Sr Dale Crowner
Advertising Sales Mike Foundos mike@foundosassoc.com
www.capscore.it
Made with love...in the Annapolis.
Mailing Address: 1997 Annapolis Exchange Parkway, Suite 420 Annapolis MD 21401 P: 410.266.7200 captrends is the printed publication of capscore.it a commercial real estate research and discovery platform. For all article submissions, please email proposed topic to mike@foundosassoc.com. POSTMASTER send addres changes to Foundos & Assoc, LLC 1997 Annapolis Exch. Pkwy 420 Annapolis 21401. All rights reserved. Reproduction in whole or part is strictly prohibited without Publisher permission.
Publishers Note Welcome to our ďŹ rst publication of captrends. Think of this as a physical blog. A way of connecting with potential clients or discovering something new for yourself. I started capscore.it to do just that. Provide a platform of discovery in the commercial real estate world. The images you see are the people and places that shape the world aronnd us. This is one of the coolest professions that no one has any clue about. Connect with me @MikeFoundos
Mike Foundos Founder, capscore.it Publisher, captrends VP, Foundos & Associates, LLC
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