Jordan Atkin @TAG_SLC Twitter profile

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@salp_mobadl

Jordan Atkin

@TAG_SLC

8 months

Put down a $30K deposit w/ a window guy. A week later, got word that he was booked into County Jail. Check was cashed. Order not placed. Welcome to passive income.

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Jordan Atkin

@TAG_SLC

2 years

A local broker sends me my own deal with my company name on it to consider buying it… Pass or play ??

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Jordan Atkin

@TAG_SLC

9 months

Local credit union we work with just called and asked if we wanted a look at their upcoming foreclosure list. NDA submitted ✅

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Jordan Atkin

@TAG_SLC

1 year

@MultifamilyMad Invite her to listen in. If she isn’t captivated by Deal Mode, it will never last

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Jordan Atkin

@TAG_SLC

9 months

I’m wondering if this gal know a something about leases that I don’t. Does 7 Net mean the tenant also pays the loan payment ?

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Jordan Atkin

@TAG_SLC

11 months

TAG SLC started doing ground up development in 2016 after a mentor told me that we needed to do bigger deals. This is the first project that we executed on. Rendering vs finished product.

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Jordan Atkin

@TAG_SLC

2 years

Unlike most developers I talk to, we're fine doing small deals. Why? Because I think it's good for the city. City Council just approved our rezone to make way for this lil guy.

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Jordan Atkin

@TAG_SLC

2 years

@seandsweeney Buy a classic air cooled. Skip midlife crisis and move to collector status. I love these cars.

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Jordan Atkin

@TAG_SLC

9 months

Check out this reply!! we were only off by 50%

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Jordan Atkin

@TAG_SLC

2 years

I think West Village is the best new project going on in SLC. I don’t understand why the city has such a hard time putting rules forward that reward this type of development.

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Jordan Atkin

@TAG_SLC

2 years

Currently being pitched a 68 unit in a town with a population of 4,334. Sponsor is buying at a 4.9 cap Expects 7% yoy rent growth With a “conservative” exit cap of 6% Oh and the split is 66/33 GP/LP of course Pass or play?? 🤓

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Jordan Atkin

@TAG_SLC

10 months

In 2016, we bought a defunct project from another developer who was unable to get it out of the ground. This is how it turned out. (8) 2400 sq ft 4 bed/3.5 bath/2 car garage units

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Jordan Atkin

@TAG_SLC

2 years

Based on popular opinion. I think it’s time to make an offer!! Report back with how it goes

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Jordan Atkin

@TAG_SLC

1 year

We just wrapped our largest raise of 2023. It was a ton of fun and I'm humbled by the market response. Now time to get to work and start rolling leases :)

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Jordan Atkin

@TAG_SLC

3 years

Fight hard to have your due diligence clock start AFTER you have a full packet of seller deliverables.

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Jordan Atkin

@TAG_SLC

1 year

Construction lender won't use our phase 1 since it's more than 6 months old. They got bids for between 3.5K-5K for a new phase one. I asked, can I just have our engineer update the existing report? Bank- ya that would be fine. One question just saved us thousands. Logic wins the

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Jordan Atkin

@TAG_SLC

2 years

Today we added a trophy to the shelf. Proud to be the steward of this piece of history.

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Jordan Atkin

@TAG_SLC

2 years

Lender calls 24 hours before closing. Committee has more questions and likely needs a few more weeks to close. What do you do?

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Jordan Atkin

@TAG_SLC

2 years

In case you didn’t know. Utah is beautiful!

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Jordan Atkin

@TAG_SLC

11 months

Just closed on a deal with 2 exchanges that we up TODAY! @ 4:52PM the Deed was recorded By far the closest I have ever been to a botched 1031. Wowza

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Jordan Atkin

@TAG_SLC

1 year

Walking into a City Council meeting to rezone 1.25 acre site in SLC. More housing for SLC!

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Jordan Atkin

@TAG_SLC

1 year

At planning commission watching an adaptive reuse project get battered on by neighbors. “I support affordable housing, just not in my neighborhood.” It’s an incredible project by a top notch team. We need to streamline affordable housing projects and not require any public

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Jordan Atkin

@TAG_SLC

8 months

So stoked to be accepted to ULI Young Leaders Mentorship program. I've participated for several years and its been an incredible experience. If you have any interest in development, JOIN ULI!

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Jordan Atkin

@TAG_SLC

1 year

Got a call from a broker getting ready to bring a 15k sq ft deal to market. Pricing guidance is $225/FT. Based on area, clear height and layout we know it’s only going to fetch $1/FT. So we turn around an LOI @ 2M They counter @ 2.1M. Moral: if you spend the time to underwrite

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Jordan Atkin

@TAG_SLC

1 year

Drone shots of the 55 Unit we are wrapping up. Leases start August 15. Better keep pushin

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Jordan Atkin

@TAG_SLC

3 years

@Levijameshere I had the pleasure of buying a small commercial building that had a concrete culvert under the floor. Turns out a creek runs inside of it. So I avoid waterways now.

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Jordan Atkin

@TAG_SLC

2 years

Fire Marshall Makes Rooftop Decks Impossible. We just received a ruling that the rooftop deck will cause our 7 story building to be considered a high rise. Goodbye

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Jordan Atkin

@TAG_SLC

2 years

Just locked down a development site with a 24 month closing timeline. Will that be enough time to get through the current uncertainty?

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Jordan Atkin

@TAG_SLC

1 year

I love barrel roof buildings. Built as industrial in 1940s Spent 30 years as an office Now breathing life into it to convert to retail.

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Jordan Atkin

@TAG_SLC

3 years

@moizali Personal finance is simple. Live on less than you make and invest the difference. I’d suggest living on no more than half then throw the rest in the S&P until you find a great real estate sponsor to invest with.

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Jordan Atkin

@TAG_SLC

10 months

Write up of one of our covered land plays in Salt Lake's Granary District. Happy to sit on this one for the next decade while the neighborhood matures.

Building Salt Lake

@buildingslc

10 months

While big development projects are on hold, interesting moves are still being made. Check out this upzone in the Granary District that looks to create a 1.5-acre parcel on D-2 zoning.

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Jordan Atkin

@TAG_SLC

2 years

That feeling when the wire hits from a sale. Euphoric!

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Jordan Atkin

@TAG_SLC

1 year

Under contract on a small flex building with in place rents that are 40% below market. The upside? Leases burn off in March of '24. Sometimes your value add strategy can be as simple as raising rents. Not every project requires a total overhaul.

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Jordan Atkin

@TAG_SLC

2 years

Love that this wholesaler is insisting that we can rezone this property is 1-2 months. -bro the noticing period for the neighborhood is 45 days, not going to happen. In SLC, we plan a year to rezone a property

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Jordan Atkin

@TAG_SLC

1 year

The wealthiest guy I know is a farmer and developer in the bay area, let's call him Farmer John. He has taught me many valuable lessons.

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Jordan Atkin

@TAG_SLC

10 months

This was the start of our industrial portfolio in 2019. We picked it up for $75/FT. Today this building would cost $200/FT Signed a 10 yr absolute net lease starting at $1/FT within 2 weeks of closing.

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Jordan Atkin

@TAG_SLC

2 years

Big dream for our little city

FOX 13 News Utah

@fox13

2 years

Group behind effort to bring an MLB team to Salt Lake City has released early concept art of what a stadium could look like in the Rocky Mountain Power District.

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Jordan Atkin

@TAG_SLC

11 months

We wrote a rezone application for our neighbor, for free. We have project that was rezoned from R-1-7 to RMF-30 which took our density from 7 Units to 28. Another group purchased the neighboring parcels and decided they wanted to rezone as well, so we wrote the application for

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Jordan Atkin

@TAG_SLC

2 years

Launched a deal today and had several investors respond and say, “this looks great do you mind if I send it to X” Yes, please send it along :) Referrals are even better than repeat investments. Feeling good

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Jordan Atkin

@TAG_SLC

8 months

This is awesome! Moving our code to more of a Form Based System with fewer zones will lead to better outcomes. I hope the city continues to give @nick_norris_slc leeway to implement good policy!

Building Salt Lake

@buildingslc

8 months

Planners are preparing work that would condense 28 zoning districts into just six, a major simplification of the rules governing development in neighborhoods like Sugar House, the Granary District and the North Temple corridor.

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Jordan Atkin

@TAG_SLC

9 months

Maintaining occupancy across our multi family portfolio is top priority right now. Had a lease renewal come up and offered to drop monthly rent by $50/M AND give 2 weeks for free if they would stay another year. Keep 'em full!

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Jordan Atkin

@TAG_SLC

1 year

We stumbled upon a vacant 20k sq ft industrial property with huge potential. Excitement levels were through the roof! After a tour, we found out the seller had another offer on the table. The pressure was on, but we saw the value in the deal and made our move. Negotiations were

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Jordan Atkin

@TAG_SLC

1 year

Broker just called with a really good townhome site. 100k per pad in Ogden. I’m like, I’m at about 25k for that one. Little disconnect

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Jordan Atkin

@TAG_SLC

1 year

We received an LOI on a development deal. We counter with a modest price increase. Buyers counters came back as a PSA. They speak my love language! I like moving quick and love working with ppl who do the same. Here we go!

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Jordan Atkin

@TAG_SLC

9 months

Officially under contract! First looked at this site in May 2023. Seller pulled back, we helped them negotiate a deal and they came back. Just as I expected they would. Now we have full term debt @5 % and looking to ROLL!

Jordan Atkin

@TAG_SLC

1 year

We stumbled upon a vacant 20k sq ft industrial property with huge potential. Excitement levels were through the roof! After a tour, we found out the seller had another offer on the table. The pressure was on, but we saw the value in the deal and made our move. Negotiations were

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Jordan Atkin

@TAG_SLC

1 year

Today, we pulled the plug on a 16K sq ft industrial deal that would have yielded a 7.65% YOC. Asset had too much deferred maintenance and layout issues to move forward. Seller wouldn't budge on pricing even after presenting numerous bids to address the repairs needed. Good bye

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Jordan Atkin

@TAG_SLC

11 months

Reading a multifamily report and was blown away by this. Only 5 deals with north of 100 units traded in Utah this year. Hard to see the distressed opportunities coming with those kinds of stats

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Jordan Atkin

@TAG_SLC

2 years

Feel kinda bad for the historic property getting the squeeze! They will see light for 45 minutes a day

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Jordan Atkin

@TAG_SLC

2 years

Deal Flow. Being thrown opportunities in the last week. Finally something to be excited about!

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Jordan Atkin

@TAG_SLC

1 year

I LOVE everything about this except the name. Utah City, come on….

Utah City

@utahcityutah

1 year

Meet the visionaries redefining what it means to build better #WelcomeToUtahCity

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Jordan Atkin

@TAG_SLC

1 year

I gave up tickets to RAIN- a Beatles tribute to take a tour of the Astra Tower. Unfortunately the tour didn’t come though. Nice building though.

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Jordan Atkin

@TAG_SLC

1 year

I hate renewal options in a lease Have a lease that we signed 10 years ago and the tenant just notified us that they want to renew AGAIN! 10% escalations every 5 years seemed good enough at the time but we are way under market now. Live, learn, improve, repeat

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Jordan Atkin

@TAG_SLC

3 years

My lady doesn’t understand why I can’t remember her friends names but can remember how much we got in refi proceeds from a deal from 2017. Guess it’s priorities!

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Jordan Atkin

@TAG_SLC

3 years

Emailed a few LPs tonight about a deal thats closing Thursday. Within an hour, I got a notification from my home that someone put something at my door. Checked my email & I got a commitment for 25% of the capital under my mat… How can I build value with more investors like this?

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Jordan Atkin

@TAG_SLC

2 years

About to head to the first event for @REconveneLA About me: -got into RE in 2010 @ 20 yrs old with no skills and less money - brokered and flipped SF’s until i saw the light in 2015 and went into multi family & commercial -now run a small real estate development shop in SLC

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Jordan Atkin

@TAG_SLC

8 months

When you go UC on an industrial deal with 20% lot coverage 😀

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Jordan Atkin

@TAG_SLC

2 years

@TaylorWAnderson You should do one of these that shows how much open space is consumed by golf courses that residents subsidize.

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Jordan Atkin

@TAG_SLC

2 years

That euphoric feeling you get when the city attorney emails you to say your plat is approved for Mylar! Last review only took 45 days. It’s been printed and signed by us and our lender since before Christmas. Now onto 3 months of chasing down signatures!

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Jordan Atkin

@TAG_SLC

1 year

Please do not start a conversation with me with “how are you doing” Especially not over txt. Just hit me with what you want/need

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Jordan Atkin

@TAG_SLC

2 years

Getting LOIs accepted makes me smile. Who out there are doing deals this week?

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Jordan Atkin

@TAG_SLC

11 months

We have found it immensely easier to raise extra capital upfront to pad reserves than to ask for more capital later. Yes, it will pull down returns a bit, but if your "deal" cant sustain having a cash cushion its not a deal.

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Jordan Atkin

@TAG_SLC

11 months

The difference in folks communication is wild. Just got a call from a borrower who's loan is coming due March '24 and they are communicating that they might need a bit more time (rehab schedule is slipping) Meanwhile, have a borrower who is 40 days delinquent, has an NOD filed

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Jordan Atkin

@TAG_SLC

1 year

The stage of a project when things start coming together. Boxes going in at TAG 343

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Jordan Atkin

@TAG_SLC

2 years

Guy just left my office who is convinced that a PE firm from Dubai is going to give him 300M @ 2.25% for 10 years. Spent 20 minutes explain why he needed to watch out and he refused to hear it. These scams are wild

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Jordan Atkin

@TAG_SLC

10 months

Closed a deal in November. Investor was out of the country when closing occurred. We funded their position thinking we would square up when they returned. Been pushing for 45 days to get funded and today this treasure came in. Always something

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Jordan Atkin

@TAG_SLC

10 months

Thankful for the thoughtful conversation with @twallyweb . Excited to part of your journey!

Tanner Webster

@twallyweb

10 months

Welcome to the show @TAG_SLC ! Developer Investor Hard Money Lender Covered Land Connoisseur Jordan is one the best real estate minds I have ever met, and I'm excited to share his story with you all! Enjoy!

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Jordan Atkin

@TAG_SLC

1 year

Just another day in the city's edition of 'Let's Make Everything Impossible'! Bought a property, had plans to fix it up and rent it out while waiting for a rezone to redevelop, but apparently, the stairs need to be upgraded to gold-plated escalators. 🛁🪜 Decided to demolish the

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Jordan Atkin

@TAG_SLC

2 years

Super excited to be part of this deal. Being able to team up with a GIANT in the office space with Jim and his team. The first of many collaborations!

Jim Balderson

@baldersonjim

2 years

Closed Friday, looking forward to breathing new life in this tower and reimagining some traditional amenities for CBD office. No we are not converting to apartments and no we are not crazy (completely).

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Jordan Atkin

@TAG_SLC

1 year

830 on a Friday. Best way to end an action packed week. Adding another industrial deal to the portfolio come 1/24

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Jordan Atkin

@TAG_SLC

8 months

Just a casual conversation with a neighbor. Threatening violence and dumping RVs in the river. Nothin to see here

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Jordan Atkin

@TAG_SLC

2 years

@Levijameshere If we liked the spot for the long haul, I’d be content with 125 bps over debt quote. If it’s alright but not exciting, would need 175 bps

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Jordan Atkin

@TAG_SLC

10 months

Investment summary from our first ground up project. I looked back and we didn't have a single excel file for this deal. Ended up selling at 712K/Unit Borrowed at 85% LTC @ 4 Points and 12% interest You don't need a master degree to get started. You just need to take ACTION!

Jordan Atkin

@TAG_SLC

11 months

TAG SLC started doing ground up development in 2016 after a mentor told me that we needed to do bigger deals. This is the first project that we executed on. Rendering vs finished product.

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Jordan Atkin

@TAG_SLC

2 years

Ever have a contractor who’s superpower is missing deadlines? Maybe our expectations are simply too high. “Whenever” might be a better approach

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Jordan Atkin

@TAG_SLC

2 years

I though I was doing something good, fixing up that old house that’s been abandoned for 4 years. I’m grateful you helped me realized I’m promoting systemic racism and ruining the character of the neighborhood.

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Jordan Atkin

@TAG_SLC

3 years

@MichaelAlbaum It’s one tool in your tool belt. Another is the 1031 which is incredible for rolling up into larger/nicer assets. Throw in some cost seg and your rolling

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Jordan Atkin

@TAG_SLC

2 years

BIG Dreams. Small checkbook. Reality sucks

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Jordan Atkin

@TAG_SLC

1 year

Negotiating 3 sales, 3 purchases and 2 leases today/this week. Feels like 2021 again :)

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Jordan Atkin

@TAG_SLC

2 years

“The housing crisis in Utah starts in your bedroom.” Great line from a ULI conference today

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Jordan Atkin

@TAG_SLC

1 year

@dan_lefev Heading to UT county requires packing snacks and informing emergency contacts

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Jordan Atkin

@TAG_SLC

1 year

“Developer” calls looking for financing on a screamer of a deal. Corner of X and Y, buyin for 1.4M going to site plan it and flip it to a builder for 2.4M. Me: So it’s been listed for 1.5M for 6 months, why do you think your layout is going to drive the value 1M bucks. Them:

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Jordan Atkin

@TAG_SLC

2 years

Got totally roasted by community council. Not a fun part of the job.

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Jordan Atkin

@TAG_SLC

1 year

@SLsees Definitely worth preserving

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Jordan Atkin

@TAG_SLC

2 years

@BlakeMcClary Interesting fact. Both projects were built by the same developer. Sold Quattro before starting the next one.

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Jordan Atkin

@TAG_SLC

3 years

This pour was 1 million lbs of concrete. Went well!

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Jordan Atkin

@TAG_SLC

3 years

A luxury car isn’t a symbol of success. Especially if you drive it to a job you hate just so that can pay for it.

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Jordan Atkin

@TAG_SLC

1 year

Deals are happening, even in this market. GP just reached out with a small RV deal in TX. Offering a 6% pref and then 20% of the upside. Blown away by the generosity😜

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Jordan Atkin

@TAG_SLC

2 years

A GPs ability to navigate tax season is a question that often goes overlooked until your ready to file and waiting on strangling K1s. Respect your LPs. Keep your books tight and get out the K1s before filing deadline!

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Jordan Atkin

@TAG_SLC

8 months

Cell Tower Company waived their ROFR that effected the entire property. Let the sale proceed!!

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Jordan Atkin

@TAG_SLC

2 years

@seandsweeney Why is retail @ ground level of multi so difficult

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Jordan Atkin

@TAG_SLC

2 years

@gallop_retwit That’s great!

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Jordan Atkin

@TAG_SLC

1 year

Developer from KC just pitched me on a surfaced parked deal in a SLC suburb. Said YOC was 5.5% but a 30% IRR on a 5 year hold. ~wait so your exit cap assumption is 4.25%? ~ya, it's a strong deal. Thats a pass.

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Jordan Atkin

@TAG_SLC

3 years

The days leading up to a big pour are a flurry of activity. Looks like the weather will cooperate for our early AM pour! What are you looking forward to this week?

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Jordan Atkin

@TAG_SLC

3 years

We can’t let nostalgia stop us from making a better future. We need to update zoning policy and increase density in SLC.

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Jordan Atkin

@TAG_SLC

1 year

It's a reminder that true leadership involves leading by example and staying connected to the ground level of your endeavors. #stayhumble

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Jordan Atkin

@TAG_SLC

3 years

The second pour is done. This one was 780 cy of concrete. Onto the columns and walls!

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Jordan Atkin

@TAG_SLC

2 years

@IGoBySteve This is a huge move that should be pushed forward. Be great to get more housing on campus. Especially if they bring trax to the development.

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Jordan Atkin

@TAG_SLC

3 years

@Scott_J_REI @seandsweeney You can do it! We have built 34 units on a 33X132 lot. No parking makes this type of development possible.

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Jordan Atkin

@TAG_SLC

1 year

@HeroDividend Well wouldn’t the first step to get experience in the field your pursuing and work your way up? Even if it means taking a pay cut? And continue serving on weekends

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Jordan Atkin

@TAG_SLC

1 year

Feel Good Moment: An industrial tenant we had been working with for months on delinquent payments had experienced collection issues with his customers and had fallen behind on more than just rent. After, he mentioned this to his neighbors at the property, the other tenants put

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Jordan Atkin

@TAG_SLC

2 years

Deal chatter makes Monday Morning so pleasant. Let’s make something happen!

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