Jordan Breck has been in the real estate investment business for over 10 years and is the President and co-founder at MRP. His primary responsibilities include the structuring and analysis of investments and overseeing the company’s growth strategy. Jordan has been personally involved in over $600 Million worth of transactions.MRP Capital Group is The nation's largest owner of Walmart Shadow Centers in small-town America. Their current portfolio is comprised of nearly 2.6 million square feet across 100 properties in 26 states.On this episode, Jake and Jordan discuss:What makes a great Shadow Strip CenterMRP's portfolio and transaction activityOptimizing the acquisition processDeveloping the right culture at your companyRaising capitalLinks:MRP Capital GroupJordan on LinkedInPlacer.aiConnect & Invest with Jake:Follow Jake on Twitter: https://twitter.com/jwurzakTake the Hospitality Investing Masterclass: https://learn.jakewurzak.com/Learn How to Invest with DoveHill: https://bit.ly/3yg8PwoTopics:(00:00:00) - Intro(00:03:46) - Jordan’s experience building a real estate company(00:08:25) - Why most folks don’t transition from being a deal shop into a real estate investment firm(00:10:35) - Shadowing Walmart strip centers(00:14:35) - What makes a great shadow strip center?(00:17:34) - Where have you found ways to gain a competitive advantage?(00:22:48) - Jordan’s portfolio and transaction activity(00:25:18) - Defining the criteria for a deal(00:31:27) - The purpose of capping the number of retailers(00:33:06) - New Supply (00:38:42) - Optimizing the acquisition process(00:42:51) - What are your long-term goals for the business?(00:46:27) - Why a REIT would be interested in something as complicated as these deals(00:50:28) - What strategies are you identifying right now?(00:59:04) - Mistakes made(01:05:37) - How to develop the right culture at your company(01:15:45) - Raising Capital(01:26:45) - What’s your favorite hotel?