NNN Capital Founder Mark Thompson speaking at CoStar Group (NASDAQ: CSGP) annual company retreat.
NNN Capital is the parent company to four internet based platforms and in a sense a hybrid model in commercial real estate service business. At our core, we are a technology company that provides market data and analytics to commercial real estate landlords through subscription services. We are also teaching first time buyers of commercial real estate how to invest through our online NNN Academy. Transaction services may be provided on a case by case basis.
The NNN Capital thesis is simple: If technology demonstrates anything, it’s that doing the right thing for too long is actually the wrong thing. The modern era of commercial real estate has arrived and the ground is shifting beneath a multi-billion dollar industry. In December 2020, 112 year-old SteinMart was purchased by an Instagram Influencer with $6 million of other people’s money. By the end of 2020, the commercial real estate industry’s leading tech provider had a larger market cap than CBRE, JLL, Cushman and Marcus & Millichap combined. Read that last sentence again and explain to me why the world needs yet another real estate broker doing the same thing as everyone else?
Whether you’re a landlord looking for new innovative ways to buy or sell or an agent looking for a company that is obsessed with coaching and developing its people, NNN Capital and its subsidiaries is worth your attention. We are about innovation in all facets of the game and if that excites you, give us a call. I’d enjoy speaking with you.