Sep 7, 2020
Today we talk with Derek Waltchack, partner at Shannon
Waltchack, about his personal perspective on the retail market.
While many investors steer clear of retail, especially when retail
assets like malls are not doing so well, Derek embraces it and is
doing quite well.
Our co-host, Eric Odum, is also bullish on retail, and said as
long as we are driving cars, there is always going to be a need for
people buying product or delivering service. So despite what you
may hear, retail is a very stable asset class, especially when it
comes to strip centers in good neighborhoods.
A little known but interesting fact about Derek is that he is
also a part time truffle farmer and has the only truffle farm in
Alabama. Very cool!
Key Discussion Points
[00:58] Opening remarks by Eric Odum and Steven
[04:51] About our guest: Derek Waltchack
[067:12] So you are also a part time truffle farmer in
Alabama - tell us about that
[11:21] Tell us about the podcast you just started called
[14:13] How is your brokerage business doing right now,
and how are you dealing with your tenants and assets?
[19:18] Discussion about why some people think retail is
"terrible" when in reality it's doing well
[21:35] How have you dealt with your tenants during this
time of COVID?
[26:42] Are you seeing signs of distress with tenants not
being able to pay their mortgages?
[32:17] Looking forward, do you have any special concerns
about the market?
[35:44] Discussion about the office asset class
[42:54] What are you doing from an aqcuisition
[44:50] Where are you getting your debt from?
[45:57] Are you seeing prices go from the 7 cap to the 8
[46:53] How are you aqcuiring investors for your
[48:42] How can folks get in touch with you?
[49:37] Closing comments by Eric & Steven