Investing

“For a long time, I looked for consensus. I think consensus is really the enemy of scale, and so I used to say, “Whenever we’re making an important decision, there should be winners in the room and losers. We shouldn’t find that negotiated settlement that everyone is happy with. Somebody should be unhappy, three or four people should walk out unhap
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Joe Stampone added 2mo ago
PTM’s investment thesis is identifying neighborhoods where the population is growing and housing is in short supply. We then strive to build accessible rental housing that is attainable for at least 65 percent of the population living within a 1-mile radius. This is a strategy that transcends OZs and makes investing in the current economic landscap
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Joe Stampone added 7mo ago
Meyer: PTM takes a top-down and bottom-up approach to identifying potential OZs for development in Florida. We are bullish on the long-term prospects for the state of Florida due to its strong economic potential, rapid population growth and job opportunities.
When determining which areas of Florida to develop in, we look at the job and population growth projections of specific counties and neighborhoods. From there, we use a data-driven approach to narrow our search down to specific communities and streets overlaid with the Opportunity Zone map to see a path of growth in that specific neighborhood. The locations of our current projects in Downtown Miami, Sarasota and St. Petersburg are emblematic of our selection criteria.
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