🚀 Inside Arbitrage Mid-Month Update: Revisiting Postal Realty Trust 📬 https://lnkd.in/gnxGYDdW This November, I found myself at a crossroads—delve into Capri Holdings Limited (CPRI) after it called off its merger with Tapestry (TPR), or revisit Postal Realty Trust (PSTL). After some thought, I chose to focus on PSTL for now, saving Capri for an in-depth postmortem or our upcoming newsletter. Here’s why: This week, I had the unique opportunity to sit down with Postal Realty Trust’s leadership—CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein—over lunch in San Francisco. It’s always insightful to connect directly with the people steering the ship. 📊 Quick Snapshot of PSTL Stock Price: $14.10 Market Cap: $417M Enterprise Value: $694M The discussion highlighted PSTL’s evolving strategy, its position in the market, and the challenges and opportunities it faces in the current landscape. It was a fascinating reminder of how niche players like PSTL can offer unique value to investors. While I’m diving deeper into Capri’s prospects as a standalone company, revisiting PSTL felt timely and important. The insights from our conversation will help shape my analysis in this month’s Special Situations Newsletter. 📬 Stay tuned for more updates on Capri and other special situations. And if you're an investor looking for institutional-quality tools and insights, check out what we’re building at Inside Arbitrage. https://lnkd.in/g6aM8DEe 👉 What are your thoughts on Postal Realty Trust or the implications of called-off mergers like Capri’s? Let’s discuss in the comments! #PostalRealtyTrust #InsideArbitrage #SpecialSituations #InvestmentInsights #MergerArbitrage
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✉️ #InsideArbitrage November 2024 Mid-Month Update – Revisiting Postal Realty Trust ✉️ https://lnkd.in/gnxGYDdW November’s turning out to be an exciting month for event-driven investing! While I initially considered writing about Capri Holdings Limited (CPRI) and its canceled merger with Tapestry (TPR), I decided to shift focus to Postal Realty Trust (PSTL) for this update. 💡 Why Postal Realty Trust? This week, I had the privilege of meeting with CEO Andrew Spodek, President Jeremy Garber, and CFO Robert Klein in San Francisco. The insights shared during our discussion highlight the unique prospects of this REIT, which specializes in properties leased to the USPS. 🔢 Key Numbers for PSTL: #Stock Price: $14.10 Market Cap: $417M Enterprise Value (EV): $694M 📈 What’s Next? For Capri, I’ll be diving into its standalone prospects and sharing a deep-dive analysis in our deal postmortem later this month or in our next special situations newsletter. 👉 Want Exclusive Access? Our Plus and Premium subscribers can explore the full insights and analyses in this post. 💼 Subscribe at https://lnkd.in/gxah5iQ6 for expert insights into special situations and event-driven opportunities. 🔑 #EventDrivenInvesting #REITs #MergersAndAcquisitions #PostalRealtyTrust #InvestingInsights
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Different Sectors, Same Page by George Evans from Goulston & Storrs Had a great time at the IMN Distressed CRE Forum in NYC with colleagues Brian Cohen, Zev Gewurz, and Doug Rosner. Brian moderated an insightful panel on ‘Underwriting & Financing Distressed Property Acquisitions.’ It was fascinating to see how aligned the industry is on the challenges and opportunities in distressed commercial real estate. #CRE #DistressedRealEstate #Networking #RealEstateFinance #IndustryInsights https://lnkd.in/dXbqRGcx
Different Sectors, Same Page
pragma.international
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FURTHER GROWTH FOLLOWING TAKEOVER Wealth manager Fairstone Group Ltd, which has its headquarters at Doxford International Business Park in Sunderland, has expanded following the takeover of James Ryan Thornhill Ltd. The takeover builds on James Ryan Thornhill’s initial place on Fairstone’s downstream buyout model, which sees the business provide technological and capital support to independent financial advisory firms in order to boost growth ahead of a sale. The deal brings more than £110 million of assets under Fairstone’s management, as well as £1 million fee income and 600 clients. This comes on the back of Fairstone’s recent announcement that it had surpassed 10,000 reviews on Trustpilot, a first for the wealth management industry. Read more from Lee Hartley, Fairstone chief executive, and Del-Ryan Rafter, James Ryan Thornhill director, here: https://lnkd.in/euqu3nsw #NET #northeasttimes #Fairstone #JamesRyanThornhill #northeastbusiness #takeover #wealthmanagement #makingconnections #drivingconversations
Fairstone grows with James Ryan Thornhill deal - North East Times Magazine
netimesmagazine.co.uk
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More great reporting on the Davy buyout here
Inside David Goddard’s buyout of Davy Real Estate: The push and pull factors that saw the deal through https://lnkd.in/ecsJebBr
Inside David Goddard’s buyout of Davy Real Estate: The push and pull factors that saw the deal throu
https://www.businesspost.ie
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Canadian private investors made up 82% of Q2 #CRE acquisitions. But our experts don't expect the trend to last. Institutional investors, sidelined by uncertainty, are gearing up for a comeback. Matthew McWatters sees institutional investors poised to re-enter the market. “When there are periods of uncertainty, a lot of these institutional buyers are waiting on the sidelines,” Matthew McWatters, AACI, P.App told Real Estate News Exchange (RENX). “I'm expecting a lot of those players to get back into it.” Marie-France Benoit says that institutional investors generally own large, high-quality assets that they tend to sell to each other. They have sufficient capital and the patience to wait out market downturns. More on overall transaction activity: https://lnkd.in/dCapuZms #RealEstateInvesting #AYdifference
Acquisitions by private investors comprise 82% of Q2 CRE activity
renx.ca
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We are thrilled to announce that our branch of Valbridge Property Advisors has undergone a transformation and is now known as Ascendant Valuation Advisors. This change reflects our commitment to Accuracy, Customized Solutions, Timeliness, Objective Insights and Comprehensive Reports. While our name has changed, our dedication to providing property valuations remains the same. We are excited about this new chapter and look forward to continuing to serve you under our new identity. Thank you for your continued support and trust in Ascendant Valuation Advisors! #ValuationAdvisor #BusinessValuation #MergersAndAcquisitions #ValuationServices #BusinessAppraisal #CorporateFinance #AssetValuation #BusinessWorth #ValuationExperts #FinancialConsulting #ValueYourBusiness #IntangibleAssets #FairMarketValue #ExpertWitness
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Rohan Tells us an intriguing tale about Charlie Munger's investment strategy. He says that Charlie, a savvy investor before his time, had a fondness for acquiring large, well-kept real estate properties. He had a keen eye for irreplaceable gems, often in picturesque coastal towns, with a particular taste for apartment complexes. He was building a lasting legacy, creating generational wealth through his real estate acquisitions. He safeguarded these assets with complex buy-sell provisions in trust, preventing sales and ensuring continued ownership. The result? A steady, substantial cash flow for his family. Interested in keeping up to date with real estate deals? Join here: https://lnkd.in/d4YS94Gk #CharlieMunger #RealEstateInvestment #GenerationalWealth
