I totally agree with having to act quick, especially in competitive markets. 

I'm not just talking about the big national names, but smaller regional carriers who sometimes price these properties more competitively.

So being competitive means coming in at market value, or maybe even slightly below to help you stand out from the crowd.

Everyone’s fighting over the same urban scraps—overpriced lots, brutal zoning battles, and competition that’s through the roof.

This is not the case for the majority of metro areas across the US.In less hyperbolic markets there wasn’t an intense amount of speculation so operators didn’t pay high and are weathering the storm on interest rate resets and are finding a way to refinance Deals with maturity walls.I am finding that a lot of killer deals with my clients are happening in the sub 50 unit deal space for those who need to sell, because there’s much less competition in a chase for yield.  

The bigger issues, which I think are fair game for criticism, are the impacts on housing cost competition for local residents and the way it changes the feel of a neighborhood. 

Factors Behind Supermarket ClosuresSeveral key factors contribute to these closures:- Aging Infrastructure: The 20-year-old store requires significant renovations to remain competitive.- Loss of Alcohol Sales: Price Chopper previously sold alcohol but stopped in recent years, potentially impacting revenue.- Triple Net Lease Costs: Rising property taxes, borne by the tenant, add financial strain.- Increased Competition: Discount retailers such as Walmart, Target, Aldi, Dollar Tree, and Family Dollar provide alternatives that attract budget-conscious shoppers.A Closer Look at Worcester’s Retail LandscapeA brief examination of supermarket properties in the area highlights financial and logistical challenges:- 29 Sunderland Road: Built in 1960, this 46,050-square-foot property sold for $4.1 million in 2022.

First impressions is that they are deeply competitive and last minute changes are common. 

@Frank Alfano agency debt is very competitive (75-80 ltv, non-recourse, fixed-rate etc); you can syndicate and raise the equity portion needed from friends and family, provided you can market and lead the project.

If they’re shifting funds from asset management to real estate, it could mean increased competition for high-value properties.2.Will This Affect Institutional Investment in Real Estate?