CAPITAL STACK PODCAST – RETAIL ON THE BLOCKCHAIN WITH MICHAEL FLIGHT
Derrick Reiner interviews Michael Flight on the Capital Stack Podcast.
December 7, 2020 | CAPITAL STACK WITH DERRICK REINER
Michael Flight, co-founder and CEO of Liberty Real Estate Fund LLC, gets together with Derrick Reiner of the Capital Stack podcast. In the episode, Michael and Derrick have a fascinating conversation about the Liberty CEO’s extensive experience in the retail real estate space, especially as a founding Principal at Concordia Realty Co. and Concordia Equity Partners LLC for 30 years. Michael also shares how he channeled his real estate knowledge and networking abilities to form Liberty Real Estate Fund with the other co-founders, combining blockchain technology with Net Lease real estate investments to form secure, stable Security Tokens that accredited investors worldwide can have the opportunity to invest in to generate wealth.
Listen to the podcast here:
Timestamped Shownotes:
00:00 – Host Derrick Reiner introduces Michael Flight, Co-Founder and CEO of Liberty Real Estate Fund LLC (Liberty)
03:20 – Michael Flight, CEO of Liberty Real Estate Fund, explains his journey into retail real estate and Net Lease property experience
08:05 – How has Michael Flight, CEO of Liberty, seen the process of networking transform over the years?
11:34 – How did Michael Flight, CEO of Liberty, has grown Concordia Realty over the last 30 years?
14:02 – What is the retail asset class overall?
15:04 – What is Merchandising, or linkage, does it affect the relationship between the tenant and real estate property?
16:02 – Why are Triple Net properties superior investments compared with other retail real estate?
17:15 – What are the benefits of Single-Tenant Net Leases for both the tenants and investors of a retail real estate property?
20:16 – How are leasing costs and tenant improvements negotiated?
21:19 – What are the basic terms to look for in a net lease for commercial real estate?
22:56 – What is an anchor tenant in retail real estate and why do they benefit the properties?
24:55 – How has brick-and-mortar retail real estate adjusted to technological innovation and changing consumer tastes over time?
31:55 – What is percentage rent and how does it generate wealth for commercial property owners?
34:58 – What sparked the formation of Liberty Real Estate Fund, combining Net Lease (NNN) real estate with blockchain technology?
38:56 – How did Liberty decide to regulate its Triple real estate assets and back them with Security Tokens for investors internationally?
41:22 – How do Security Tokens increase the liquidity and ease of trading of Liberty’s net lease investments?
45:30 – How do Security Tokens increase the optionality of Triple Net (NNN) investments worldwide?
48:05 – What people and books have strongly impacted Michael Flight’s life?
3 Key Points:
- Tokenizing Net Lease Real Estate increases optionality and liquidity for the investors
- Benefits of Triple Net (NNN) and SIngle Tenant Net Lease (STNL) investments
- Blockchain technology opens stable, secure Net Lease investment opportunities to investors internationally
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*Note: Liberty Real Estate Fund LLC and Liberty Equity Management LLC (collectively “Liberty”) have made every attempt to ensure the accuracy and reliability of the information provided. Liberty cannot not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained herein. The information herein should not be considered legal advice, tax guidance, or financial counsel. You should consult your own professional advisors before making any decisions or investments.
Michael J. Flight is a founding principal of Concordia Realty Corporation in 1990 and more recently CEO of Liberty Real Estate Fund LLC, the World’s First Net Lease Security Token FundTM, joining 30 plus years of institutional real estate investment experience with blockchain technology to deliver very stable, diversified, tax efficient returns combined with liquidity, security and transparency. The LIBERTY-RE token is a net leased property fund curated to create a conservative, safe haven portfolio of long term, Single-Tenant Net-Leased properties designed for geographic diversification, tenant credit diversification and industry diversification.
Michael is a real estate entrepreneur and Security Token evangelist who is an expert in retail real estate (Shopping Centers and Single-Tenant Net-Leased) investment, redevelopment and real estate on the blockchain. He has an extensive record of partnering with some of the world’s most well-known banks, insurance companies, hedge funds and institutional investors in many successful projects. Michael has been active in commercial real estate over the past 34 years. Michael has been featured on these quality podcasts: The Real Estate Guys Radio Show, Cash Flow Connections, Real Estate Espresso, CashFlow Ninja, Buck Joffrey’s Wealth Formula, Family Office Club and Bitcoin.com podcasts and many more. Michael is also a well-known speaker at FreedomFest, Investor Summit at Sea, the Intelligent Investors Real Estate Conference, the Multifamily Investor Network Conference, the CRE Power Players Summit, the LA Blockchain Summit and the Liberland 5th Anniversary Conference. He is a published author having been recently, and was featured in the #1 Amazon bestselling book: DESIRE, DISCIPLINE & DETERMINATION (2019). He is currently finishing a book on the benefits of Single-Tenant Net-Lease (STNL) real estate investments. Michael is co-host of the Nothing But Net podcast – an educational podcast about Net Leased (“NNN”) properties.
Michael has been elected to public office, also serves on the real estate investment advisory boards of two non-profits and is a founding board member for Freedom of Life, a Romanian NGO helping women achieve liberty and build new lives while recovering from human trafficking.
Liberty Real Estate Fund LLC is The World’s First Single-Tenant Net-Lease Security Token FundTM, joining 30 plus years of institutional real estate investment experience with blockchain technology to deliver very stable, diversified, tax efficient returns combined with liquidity, security and transparency.
Liberty is a real estate investment fund that acquires Single-Tenant Net-Leased (NNN) essential business retail, auto service and medical properties in the United States. It is designed for investors to achieve: Geographic Diversification; Industry Diversification; Tenant Credit Strength and is built with hard assets that have intrinsic value. Our portfolio of Net Lease properties is constructed with brand name Essential Businesses operating in high growth markets throughout the United States. These Net Lease assets have long term contractual rents backed by excellent brand name, well capitalized companies.
Liberty is focused on investing in high quality, well located Single-Tenant Net-Leased (NNN) properties in targeted high growth, low tax areas of the United States. The portfolio has been specifically designed to provide stable, recession resistant income combined with inflation protected wealth preservation and equity growth.
Liberty was founded by an experienced real estate team who believes that Security Tokens are superior to traditional investment methods because investors will benefit from the liquidity, cost efficiency and transparency provided by the blockchain.
DISCLOSURES, LEGAL AND TAX COUNSEL: Liberty Real Estate Fund LLC and Liberty Equity Management LLC (collectively “Liberty”) and their affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction or undertaking. Liberty highly encourages individuals and investors to seek the counsel of a qualified attorney as well as seek the counsel of a tax professional or Certified Public Accountant (CPA) to determine if there are any potential tax liabilities or consequences as the result of anything contained herein. NO GUARANTEE: All users of this website should understand there are NO GUARANTEES of any success, outcome or profitability of any transaction or undertaking, expressed or implied by Liberty or any of its members, shareholders, officers or affiliates and will NOT be liable for any financial or other losses or damages incurred as a result of any undertaking. Go HERE to view complete DISCLOSURES.
Courtney Stone is a Marketing and Creative Writing Specialist at Liberty Real Estate Fund
LLC, the World’s First Net Lease Security Token FundTM.
She is a May 2021 honorary graduate at the University of Illinois at Urbana-Champaign who majored in English, with Economics and Journalism minors. Courtney also works as a Copywriter and Marketing Strategist for Concordia Realty Corporation as well as proofreads for the National Council of Teachers of English (NCTE).
