Flow

“I think for us at Flow, and this is another lesson from the past, we used to think, and I used to think we had to own everything. I think the category is so big that the only way we're going to achieve anything is through partnership, partnership with governme…”

“Most prop tech companies come in and solve a point solution. They have this one solution, but then they need to take that solution, convince the landlords who are not even interested in buying anything because they're making money anyway, go to these old ERP s…”

“70% of thirty-five-year-olds and youngers are currently renters. They don't actually buy, and this number is not because of the interest rates that have been going up over the past six to 10 months. This is a number from 12 months ago. And we believe that that…”

“Starting with alignment, Adam's put three hundred and fifty million dollars of his own money into Flow Living alongside us.”

“We're winning on the basics, we're focusing on profitable buildings, and then we'll have leeway to grow this to many different places, larger even than just residential.”

“And we actually talked for a year and a half before anything happened.”

“And it took 60, it took six months to become NOI positive.”

“We raised it from actually 33 different investors. We put our own equity. We got debt from the local bank. We bought these five properties. It was about a billion SAR, which about three hundred million dollar fund.”

“We talk about raising money for real estate funds. We're not talking about raising money for flow parent company that that door is closed.”

“When you, when we get into flow, what I see is it's a single idea about how people live that's enabled by design and technology and a business model and a culture and a whole set of things. And if you remove any one of them, it's not flow.”

“We achieved over 90% occupancy within 60 days.”

“There are people, many people who all of their clients for their business live in the building that they live in.”

“The thesis of the value of the community, the technology everything that Adam's talked about, the design. Is proven out like before, you know, the product is maybe five percent done but it's already able to kind of generate, you know, kind of much higher deman…”

“The conversion rate has been phenomenal. 90 something percent of anybody who took the month is able to stay.”

“The other kind of capability of the software that's amazing is because it's so flexible. Yes, this could be Multifamily living, or this could be condos, or this could be a hotel, or this could be office space, and it can change literally with the press of a bu…”

“And it took six months from that point. A lot of people think that this happened fast. It didn't. It took six months from that point to the actual investment”

“And our first five acquisitions, who turned out to be amazing acquisitions, who we're going to get to talk about afterwards, but all have amazing basis were done like that.”

“80% of most leases in, in South Florida come from brokers. 90% of all inbound into flow is direct to the direct to us, direct to the website.”

“Our building in Fort Lauderdale NOI net operating income is 30% higher than when we took over it.”

“So let's say our engineers, we hire engineers that want to be in the office and the ones we hired before who weren't, We let them be wherever they were, because when they were hired, that was the deal that was made with them.”

“In the US, we actually bought 30% of a publicly traded company in Israel. We're non-controlling shareholders. That company has access to retail investors and institutional investors, and with partnership with that company, we have bought two developments In Mi…”

“We will sell our five buildings. We will sell our first asset in a month and we'll keep a management deal for the unforeseeable future.”

“Specifically though, if you want to control the actual customer experience end to end, you have to vertically integrate. It's the only way to actually do it.”

“So we're able to take a company like Flo, Adam Newman's company, bring him to Saudi Arabia, introduce him to the right people in the government, introduce him to the right people in business, introduce him to the right investors,”