ROBERT
RIXER
Australian-American real estate entrepreneur, author and mentor based in Miami, Florida.
An engineer by trade, he worked as a condo developer before co-founding EJ Investment Group and national commercial brokerage, Citypoint.
"Unique and well-written guide"
"Required reading for any aspiring commercial real estate professional"
Investment Philosophies
Thinking In Decades
In today’s fast-paced world, it’s tempting to prioritize immediate results over long-term success. However, to have longevity in this business, a different mindset must be adopted — one that emphasizes long term results. Thinking in terms of decades rather than years not only clarifies present choices but also simplifies them. This long-term approach helps us navigate the volatile markets with greater confidence.
75% Fundamentals, 25% Speculation
Any investment must be rooted in fundamentals before considering speculative upside. This means purchasing below replacement cost, having sufficient in-place cashflow for the property to sustain itself, and, having multiple strategies to add value and exit the asset. Speculation such as future rent growth and cap rate compression should be the icing on the cake, not the cake itself.
Multi-Asset Class Strategy
Real estate asset classes go through varying market cycles that are not necessarily correlated. Being married to a single asset type will cause an operator to either invest in marginal deals, invest in overly speculative deals or sit on the sidelines altogether during a down period, none of which are ideal. Having a multi-asset strategy allows the investor to sidestep these sub-market troughs and participate in more peaks.
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