Phil Block is one of the Managing Partners of LBX Investments. Prior to launching LBX in February 2018, Phil was a partner at Big V Capital (BVC), an owner-operator of Southeastern U.S. shopping centers. At BVC, Phil was responsible for acquisitions, asset management, and capital raising.
Formerly, Phil was a Senior Managing Director at RealtyMogul.com, where he created the commercial lending business and led institutional capital markets efforts. Prior, he was VP of Corporate Finance and Capital Markets at Centerline Capital Group, an NYC-based multifamily finance and asset management company with $13B in AUM.
[00:01] – [01:29] Opening Segment
- Let’s get to know Philip Block
- He talks about his journey on how he ended up in retail
[01:30] – [11:30] Why Invest In Retail Properties
- The 2 reasons why Philip’s team is investing in the southeast part of the country
- Learn from Philip on how they handled the COVID-19 pandemic in 2021
- Philip talks about the role that his company plays in the retail space
[11:31] – [16:50] Private Investor Over Institutional Capital
- Why Philip anticipates a consolidation of public REITS soon
- The right time to dispose of your properties according to Philip
- The reason he prefers private investors over institutional capital
[16:51] – [20:40] Final Four Segment
- A tool or resource you cannot live without
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- AppFolio
- A real estate mistake and how to avoid it
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- Don’t overleverage because you might lose an asset
- Your way to make the world a better place
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- Building and maintaining their properties to serve the community
- Reach out to Philip
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- See links below
- Final words
Tweetable Quotes
“Overleveraged, to me, is the biggest risk in real estate.” – Philip Block
“From a macro standpoint, I don’t love multifamily today. I love multifamily as a general asset class, but it’s a challenging asset class.” – Philip Block
“If we’re buying and maintaining the better shopping centers…it’s serving these communities well. I think that’s necessary for healthy communities long-term.” – Philip Block
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Email phil@lbxinvestments.com to reach out to Phil or follow him on LinkedIn. Visit LBX Investments to identify and invest in mispriced assets opportunistically.
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