In this episode with learn from two very dynamic commercial real estate developers, Lance Sigmon and Brad Allen. They walk us through their history, some war stories and most importantly understanding partnerships, syndications and what it takes to make it in commercial development. You will get insight into how they underwrite deals and how they plan for any recession. Very, very, valuable information.
Brad has been involved in real estate brokerage, development, and investing since 1995. He co-founded Allen Sigmon Real Estate Group with Lance Sigmon in 2011. Prior to this he was the Sales Manager at Roger Cox & Associates in 1997 and then promoted to President in 2001, where he served for 10 years.
He has been involved in the ground-up development and redevelopment of approximately 1,500,000 square feet and currently owns and manages approximately 1,200,000 square feet of retail, office, multi-family, hotel, and industrial space. Brad has been involved in over 40 partnerships that have proven to be a vital component of his success. He is familiar with all aspects of development, whether it’s acquiring raw or developed land, working with architects and designers for optimal functionality and layout on new construction or existing buildings.
Lance Sigmon co-founded Allen Sigmon Real Estate Group with Brad Allen in 2011, after over seven years as a top producing commercial real estate broker. Today, Allen Sigmon Real Estate group is recognized as a premier full service commercial real estate company, with development, brokerage, investment, and property management services all found in one location. Lance and Brad personally own and manage over 1 million square feet of commercial property.
Lance’s development experience includes entitlement work, subdividing, construction, rezoning, financing, equity syndication and oversight of all aspects of the development team. He has acquired and/or developed numerous properties including award-winning hotels, shopping centers, warehouses, apartment complexes, office buildings, residential lots, retail pad sites, and stand-alone retail buildings.