AMT - Lessons Learned: Understanding Your 'Circle Of Competence'
2024-05-20 07:00:00 ET
Summary
- I have many stories, which is what made my job as a commercial real estate developer so exciting.
- As I began to grow my net worth as a real estate developer, I decided that I would begin to diversify my balance sheet by becoming a tenant.
- Before I knew it, one store turned into eight stores, and I became overwhelmed with the headaches associated with running multiple restaurants.
- I hope you enjoy my "lessons learned" article and these "wide moat" stock picks.
This article was coproduced with Leo Nelissen.
As many of my readers know, I was once a commercial real estate developer, in which I learned how to construct and lease properties from the ground up.
I started my career just out of college, first as a leasing agent, and then I became a full-fledged shopping center building stores for a variety of retail chains such as Advance Auto Parts ( AAP ), PetSmart, Walmart ( WMT ), and Sherwin-Williams ( SHW ).
The great thing about my career as a developer is that I was able to learn so many parts of the commercial real estate business.
For example, I learned how to find and acquire suitable sites by negotiating with brokers and landowners. I was always excited to work with property sellers who were motivated to sell their land for a whole host of reasons....
Lessons Learned: Understanding Your 'Circle Of Competence'