#354 - Don Tepman (@StripMallGuy) - Strip Malls, Creating Value, Leasing Strategy, X/Twitter, Charlie Munger
Description
Don Tepman runs a real estate fund that focuses on buying neighborhood strip centers throughout the United States and also runs the 'StripMallGuy' account on X and LinkedIn. Mr. Tepman started his career in 2002 and led his first strip center purchase in 2006. He has completed 40 purchases and raised over $150M in LP capital.
We discuss:
- Don’s career and mentors
- What makes a successful strip mall acquisition
- Building @stripmallguy and the future of the brand
https://www.thefortpod.com/survey
Links
Topics
(00:00:00 ) - Intro
(00:04:56 ) - Don’s upbringing and career background
(00:08:40 ) - The dynamics of suburban retail
(00:12:42 ) - Don’s mentor & learnings
(00:21:25 ) - Restaurants in strip centers
(00:26:35 ) - Tenant mixes
(00:30:20 ) - TI
(00:35:41 ) - Where do folks waste money on exteriors?
(00:37:18 ) - Drive-thrus
(00:38:36 ) - Don’s hold period strategy
(00:42:39 ) - Why do you stick to smaller deals?
(00:45:26 ) - What is your approach to entering a new market?
(00:53:02 ) - Why does Price per foot matter so much?
(00:53:44 ) - Leasing
(00:59:41 ) - Taxes and insurance
(01:01:19 ) - StripMallGuy
(01:08:45 ) - Working a deal through the system
(01:12:44 ) - Thoughts on the market
(01:18:22 ) - Luxury retail
(01:19:53 ) - Meeting Charlie Munger
(01:27:08 ) - Plans for SMG in the future
Support our Sponsors
Better Pitch: https://bit.ly/42d9L0I
Juniper Square: https://bit.ly/45yiYUq
Fort: https://bit.ly/FortCompanies
Follow Fort on LinkedIn: https://www.linkedin.com/company/fort-companies/
Chris on Social Media:
LinkedIn: https://bit.ly/45gIkFd
Watch The Fort on YouTube: https://bit.ly/3oynxNX
Visit our website: https://bit.ly/43SOvys
Leave a review on Apple: https://bit.ly/45crFD0
Leave a review on Spotify: https://bit.ly/3Krl9jO
The FORT is produced by Johnny Podcasts
United States
