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 the multifamily and office investment firm EJ Investment Group and the 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 months or years not only clarifies present choices but also simplifies them. This long-term approach helps us navigate the volatile markets with greater confidence.
Driving Value in Investments
Increasing NOI is the fundamental role of any commercial real estate sponsor. Many fly-by-night sponsors spend the majority of their time wining and dining investors in order to raise capital and then placing that capital in acquisitions. However these activities do not create any actual value.
True value creation is derived from increasing NOI post-acquisition by maximizing revenue and minimizing operating expenses. It's that simple. A good sponsor should spend the majority of their time building an efficient asset management operation and squeezing every last dime of NOI out of a given property. This both maximizes investor returns and limits the effects of external risks such as rising interest rates, inflation and expanding market cap rates.
Investing is Both Art + Science
Real estate investing is both an art and a science. While collecting good data and devising intricate financial models of an investment is a must, it is only half the equation. Intangibles of a property such as aesthetics and desirability to the tenant-base, market timing (when to buy and sell) and creative visions to exploit untapped potential in a property are considered the "art" of real estate investing.
Developing these skills through varied past experiences, learning from others' mistakes and keeping a close pulse of the market is an integral part to any successful real estate venture.
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