17
07.12.2024
Dear Investor,
I am just telling you to hold on to your hat upfront. An epic last couple of days…
I told myself that I would only send a shareholder update once a month because we are landing deals all the time and didn’t want to bore you with continuous updates. Well, I can’t restrain, this past week was epic.
We landed one of the biggest lots in Minnesota located in downtown St. Paul. It is the Travelers Insurance parking lot. This lot is located directly across the street from the Xcel Energy Center Event Venue and home of the Minnesota Wild NHL team.
Then, we landed one of the biggest lots in Tennessee, the Memphis Convention Center. This bad boy is 1,100 spaces.
If you recall, we are in the West Gate complex in Glendale, Arizona where the Arizona Cardinals NFL team plays. Well, we just landed their next-door neighbor across the street, Tanger Outlet Mall for 3,000 spaces.
You may also recall we currently do 14 lots for the Milwaukee Brewers baseball team. The guy who owns the team also owns the biggest sports complex in North America which is the Arizona Athletic Grounds. The only way I can describe this thing is, it’s massive! This one-of-a-kind park features a 3,000-seat outdoor stadium, indoor arena, (35) soccer/lacrosse/football fields, (57) indoor volleyball courts, (8) baseball & adult softball fields and (16) fastpitch softball and little league baseball fields, (20) basketball courts, (41) pickleball courts, (12) beach volleyball courts. Four million people visit this place per year. Here is the best part, it has 10,000 parking spots.
Next, get ready for the slopes because here we come. We just landed 12 ski resorts out west. They are ones you have heard of like Breckenridge, Alta, Crested Butte, etc. These 12 resorts have a total of 20,000 spaces. They all must be installed by November 1st, so they are prepared for the season.
To put these last few days into perspective, our average lot has been around 165 spaces. The total number of spaces we have gotten in the last couple days is around 35,000 spaces. In other words, it was like getting 212 parking lots that all need to be installed within the next couple of months.
Now just sit back, close your eyes, tilt your head back, stretch out your arms and just feel the momentum in the air. If you can feel it just say Amen. Hallelujah, I can feel it!
As always, if you have any questions just call me.
Hold on to your hat!!
Joe