Dervech Real Estate Shopping Center Podcast: Episode 308

03/18/20 • 36 min

Dervech Real Estate Shopping Center Podcast

Today we have a great show! The topic for our conversation will be real estate property taxes. This line item remains to be one of the largest annual expenses associated with the ownership of commercial property. Our discussion will include the history behind this tax, where the funds go, how to assess if you’ve been charged the correct amount and strategies for new and existing shopping center owners on how to keep this cost down. We’re going to discuss how technology has changed the appraisal process and tips for underwriting new acquisitions.

Our guest today is Rob Turner with Assessment Services. Rob currently serves as managing member of the firm, consulting private owners, developers and investors on property taxes within their real estate portfolio. Rob formerly served as the Property Appraiser of Hillsborough County from 1997 to 2013 and has a wealth of knowledge and experience pertaining to this topic.

Previous Episode

Dervech Real Estate Shopping Center Podcast: Episode 307

Today we have a great show! We will be discussing one of the most important dynamics surrounding the shopping center investment – retail leasing! It’s all about the cash flow. From market studies during due diligence prior to acquisition, reinvestment into existing shopping center assets to create and unlock new value and strategies for keeping operating expenses down. We’re going to discuss trends and changes we’re currently seeing in the space, view on lease guarantees from a landlord’s point of view and the “new vs. old” mindset on use restrictions.
Our guest today is Marc Elias with Regency Centers. Marc currently serves in a Senior Leasing role for Regency. He is responsible for their West and Central Florida shopping center portfolio encompassing over 29 properties. Regency Centers is a real estate investment trust based in Jacksonville, FL and is one of the largest operators of shopping center assets, currently owning 422 properties comprising over 57 million square feet of space. The company owns neighborhood and community shopping centers, primarily grocery anchored product, throughout the country.

Next Episode

Dervech Real Estate Shopping Center Podcast: Episode 309

Today we have a great show! The topic for our conversation will be architectural design relating to shopping center product. We will discuss trends in the space, how to transform aging centers to new vibrant assets and renovation tips and efficiencies for owners. Our discussion will include ideas for keeping your center fresh and energized, new retailer prototypes and the future pathway for design in accommodating the new age consumer, their demands and evolving shopping patterns.
Our guest today is Deighton Babis with BDG Architects. Deighton currently serves as Vice President, consulting shopping center owners, developers, private investors as well as public and private shopping center REITs on repositioning, redeveloping, and design of their shopping center assets. Deighton began his career in architecture over 31 years ago. He attended undergrad at the University of Florida, receiving a Bachelor of Design in architecture followed by a master’s in architecture from the University of Colorado Denver. Deighton currently resides in Tampa, FL, is very active with ICSC and has worked on countless retail shopping center projects throughout the State of Florida.