If you’re at all active in real estate, your email account is spammed daily by brokers announcing the closings of their latest deals.
Why do they do this?
Because doing so:
- Shows everyone in the market how active the broker is
- Keeps the brokers’ name in front of potential clients, increasing the chances potential clients call them when it’s time to buy or sell
Seems reasonable, right? So why doesn’t Adaptive send out these kinds of emails?
It’s pretty simple, really. We are primarily in the business of placing capital in specific neighborhoods. In order to do this effectively, we spend a ton of time thinking about acquisition prices, rehab prices, and achievable rents. When we find a neighborhood that works, we and our clients want to buy as much fairly-priced product in that neighborhood as possible.
If we sent out emails every time we closed deals, anyone with a brain could figure out what neighborhoods we like and then just piggy-back on our hard work / insight to compete with us.
So, yes, Adaptive closed a bunch of deals last week. But no, we won’t announce the addresses or deal sizes. Because we don’t want you to compete with us / our clients.