In either case, it sounds like they're dodging the work that really needs to be done, with regular band aid fixes. 

Just regular bank How did you add value to the deal?

Having undergone $20 million in capital improvements and renovations, the property benefits from a synergistic mix of fitness, daily-needs and service-oriented tenants including a brand-new Lidl grocery store and Planet Fitness.What made you interested in investing in this type of deal?

Even if you get those with this purchase, be prepared to replace them regularly.

They make their money buying vast quantities for discounts, storing the goods in warehouses, then selling smaller quantities (200 cans) to retailers like your local grocery store every week.  

The reason being that it lowers your total OpEx and to show an inflated NOI and thus an inflated valuation to the market.It's relativity easy to identify and the easiest way to factor it into your own underwriting is to understand how much it will cost you or your PM to do turns/regular maintenance.

Another good reason to do regular property inspections. 

He is addicted to the BP podcasts.Later I took my Mac Book Pro into an Apple store to have an IOS update issued corrected.

They have regular meet ups.

I’m surprised more people don’t do this regularly, especially if it a good deal.