Legacy’s CRE broker, Andy Dinkin is helping tenants capitalize on Charlotte’s booming population growth and new development in a unique way. Dinkin has been assisting tenants seeking space in the Charlotte office and retail market for many years. At his encouragement, renters expand their search to include “for sale” properties to find what fits their personal business needs. After identifying a good fit, Dinkin taps into his list of potential investors to find partners interested in teaming with him to purchase the asset and lease it to the already identified tenant. It becomes a win-win scenario for his tenant clients, his investors and himself. “There’s a scarcity of product I would feel comfortable buying,” he said. “There are more tenants wanting to do things, and more investors. That’s why my tenant representation deals are getting harder and harder to do every passing day.” says Dinkin. he and his investors selectively buy into high-activity corridors that will see good appreciation over time.
“The long-term strategy for Dinkin may be to wade into multi-tenant deals or even development if the type of inventory his clients are looking for isn’t available — a valid concern as the real estate market tightens, especially close to center city.” Ashley Fahey Staff Writer, Charlotte Business Journal