Suggestions
John Andreini
Partner @ CP Partners | GP @ EvCap Investments
John Andreini is a seasoned professional with extensive experience in real estate, venture capital, and private equity. He currently serves as an Advisor at Natural Fiber Welding, Inc., a position he has held since 2021.2 Andreini is also a Partner at CP Partners CRE, a role he has occupied since January 2008.1
In addition to these positions, Andreini is:
- Founder and Managing Partner of EvCap Investments (since February 2012)1
- Founding Partner at Ethos VC (since February 2020)13
- Co-founder of Ethos, a venture capital firm3
Andreini has a strong background in real estate investments, having closed over $12 billion in national net lease real estate transactions across two decades.1 His venture capital experience includes early investments in successful companies such as Spotify, Airtable, Stripe, and Palantir.13
Andreini completed his undergraduate degree at the University of San Francisco in 2003.12 He is based in the San Francisco Bay Area and is known for his ability to navigate obstacles and produce results in short time periods.1
Highlights
MAJOR ANNOUNCEMENT:
Circle K Couche-Tard has $39 billion dollar offer on 7-Eleven
7-Eleven has an "A" credit rating and Couch-Tard has a credit rating of "BBB".
This begs the question - what will happen to the credit of 7-Eleven?
Would there be store closures?
Does this conversation include any anti-trust considerations?
7-Eleven has 84,500 stores globally / Couche-Tard has 14,200 which would create a 100,000+ store company.
7-Eleven revenues are $77B in 2023 and Couche-Tard has $71B, which would create a $148B revenue company.
The numbers are interesting, but the potential implications are staggering.
https://lnkd.in/gC3uQCwZ
Put this 660,894 square foot mall under LOI in January 2022 and it just closed yesterday, 2.5 years later to a new group.
While the place is a complete dump and losing tenants left and right, it happens to be in the submarket's retail "bulls-eye" sandwiched between Costco, Home Depot, Wal-Mart Supercenter, Dick's, Ross, Hobby Lobby, etc.
The mall is "dead", but guess what?
Acquisition price was $4.05/ft. on building and $1.20/ft on land.
The largest retailers in America want to be here (announcements forthcoming).
Loved playing video games at the mall arcade as a kid, hitting the ice skating rink (shout out Fashion Island), etc. but the bottom line is those days are gone and a new "mall" has emerged with new retailers, new experiences, and a new format.....at the same location....in the center of town.
Brokering a bunch of these malls and must confess that despite the endless complexities, it is pretty fun bringing these things back from the dead by shifting ownership to more experienced operators that revitalize communities in these types of towns.
Stay tuned for BIG announcement alerts on this one.
