Jordan Breck has been in the real estate investment business for over 10 years and is the President and co-founder at MRP. His primary responsibilities include the structuring and analysis of investments and overseeing the company’s growth strategy. Jordan has been personally involved in over $600 Million worth of transactions.

MRP Capital Group is The nation's largest owner of Walmart Shadow Centers in small-town America. Their current portfolio is comprised of nearly 2.6 million square feet across 100 properties in 26 states.

On this episode, Jake and Jordan discuss:

Links:

MRP Capital Group

Jordan on LinkedIn

Placer.ai

Connect & Invest with Jake:

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Topics:

(00:00:00) - Intro

(00:03:46) - Jordan’s experience building a real estate company

(00:08:25) - Why most folks don’t transition from being a deal shop into a real estate investment firm

(00:10:35) - Shadowing Walmart strip centers

(00:14:35) - What makes a great shadow strip center?

(00:17:34) - Where have you found ways to gain a competitive advantage?

(00:22:48) - Jordan’s portfolio and transaction activity

(00:25:18) - Defining the criteria for a deal

(00:31:27) - The purpose of capping the number of retailers

(00:33:06) - New Supply 

(00:38:42) - Optimizing the acquisition process

(00:42:51) - What are your long-term goals for the business?

(00:46:27) - Why a REIT would be interested in something as complicated as these deals

(00:50:28) - What strategies are you identifying right now?

(00:59:04) - Mistakes made

(01:05:37) - How to develop the right culture at your company

(01:15:45) - Raising Capital

(01:26:45) - What’s your favorite hotel?