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Perry Solem

@PerrySolem

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Eli Gemstone Family Office. Done over $70mn of storage acq & dev deals as a gp. Worked for a couple REITs in the past. DMs open / [email protected]

Atlanta, GA
Joined July 2016
Don't wanna be here? Send us removal request.
@PerrySolem
Perry Solem
3 years
Land: $500k for 2.2 acres Logo drawn by a guy who was living in a van: $500 Construction contract: $4.7mn (way more than expected) for 76k gross sf Building, leasing up (mostly), then selling this thing and seeing the current owner get $169 for a 10x10: priceless
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@PerrySolem
Perry Solem
8 hours
Beginner-level real estate developer: range rover Level 2 real estate developer: your own plane Level 3: your name on a big building Ultimate final boss: conducting middle eastern wartime negotiations
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@PerrySolem
Perry Solem
9 hours
(i make no claims as to the truthfulness of this story,... all hearsay)
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@AminCad
AminCad Ξ🐬🔊 - evm/acc
5 days
Ethereum is achieving ultimate neutrality by evolving into a universal and mathematically verifiable settlement layer, proven by the Cambrian explosion of independent execution environments that have chosen it as their common anchor for security and truth.
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@PerrySolem
Perry Solem
10 hours
the story of the initial creation of a company can be a total shitshow the first deal that made Cortland Partners into what they are today occurred because: a friend of the founder's was being pursued for money owed, and wanted to dump a bunch of cash somewhere illiquid.
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@PerrySolem
Perry Solem
13 hours
another tight one, criticized by @Stu_V15 a few months ago
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@PerrySolem
Perry Solem
13 hours
some of the stuff you see in small bay
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@PerrySolem
Perry Solem
1 day
i saw the founder of a shop that has done over half a billion $ of storage deals talk at a panel in ny last year - he made storage sound invincible, and mostly unaffected by housing market changes bullshit! to hear a more honest take on ups and downs:
Tweet card summary image
perrys-newsletter.beehiiv.com
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@PerrySolem
Perry Solem
1 day
but dont get me wrong. the light gray and the white ones are not going anywhere.
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@AkashPa33904959
Akash
1 day
I’m going to @ajnafi’s upcoming Space. Will you join too? https://t.co/GVtFfNezWG
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@PerrySolem
Perry Solem
2 days
friend of mine has looked at ~22 storage facilities in recent months that are officially in the distressed category some never should have been built the excesses of 2021 are taking YEARS to play out
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@PerrySolem
Perry Solem
2 days
IYKYK
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@PerrySolem
Perry Solem
2 days
"This one definition says 'characterized by an emphasis on specific sexual activities or anatomical areas' This sounds like something from 1970s Times Square that hasn’t existed since You’d like pay a quarter to hear some girl talk dirty behind a curtain"
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@PerrySolem
Perry Solem
2 days
oh my god if you google it the official definition is so funny
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@WalletConnect
WalletConnect
2 days
1/ WalletConnect is set to surpass $400B in annual Total Network Volume. The connectivity layer of the financial internet. Here's the breakdown ↓
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@PerrySolem
Perry Solem
2 days
new Permitted Use just dropped
@PerrySolem
Perry Solem
20 days
@chriswhatch this is 100% true permitted uses include: clock repair store, haberdashery, etc
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@PerrySolem
Perry Solem
2 days
and i continue to be impressed by a facade that is hundreds of ft back off the road. cant wait to see the majestic orange of the Public Storage logo beaming from atop the hill
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@PerrySolem
Perry Solem
2 days
they're "shooting for the end of the month" and this is the current state of the leasing office/countertop area, ok sure
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@PerrySolem
Perry Solem
2 days
the "drive-up climate controlled" units are not done. when Shelton asked if there's a chase in every unit, i thought he was asking about a return in every unit. and the answer is no, there doesn't need to be. but i was wrong in this case, there will be: every single drive up
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@SuperiorSource
Superior Source
8 days
Many people struggle to swallow large pills because they trigger the gag reflex, feel uncomfortable and cause throat tension.
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@PerrySolem
Perry Solem
2 days
the absolute greatest thing to see at a property that practically touches your under-construction storage facility: under-construction market rate apartments
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@PerrySolem
Perry Solem
2 days
forgot to add a few others. why does every project i build have guardrails? does it have to do with a spreadsheet geek selecting sites instead of a construction expert?
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@PerrySolem
Perry Solem
3 days
turns out low 200s psf is the answer to the cost question (no parking!)
@PerrySolem
Perry Solem
1 month
at the neighborhood coffeeshop just ran into the developer of this postage stamp-sized site. god knows what he's ballparking for the psf cost of this thing. looks awesome though. 1976 Hosea L Williams Dr NE, Atlanta, GA 30317 -- in the heart of 'downtown kirkwood'
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@PerrySolem
Perry Solem
4 days
cost of a business trip if it's just me (or even me and a colleague): cost of a business trip if i try to combine it w a "wife and kids" trip:
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@TakeProfitLLC
TakeProfitTrader
4 hours
FUTURES TRADERS: Get 40% off all evals, no activation fees, end-of-day drawdown in our live-market PRO+ accounts…and still daily PRO payouts!
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@PerrySolem
Perry Solem
5 days
more normcore footage
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