Criterion breaks down the four silent deal killers that derail commercial real estate investments—bad debt, bad locations, bad assumptions, and bad partners—while walking through real retail deal examples and the underwriting red flags Criterion won’t ignore.

Time Stamps: 0:00 - Introduction 1:03 - Denver is in contract and the equity raise CTA 2:34 - Other pipeline deals (Humble, San Antonio, “downtown”) and total volume 3:02 - Game: live deal review from OMs—would you submit an offer? 3:22 - Deal 1: Chattanooga retail center (price, cap rate, occupancy, visibility) 6:14 - Deal 2: Humble, TX center (traffic counts, tenant mix, rent levels) 11:05 - Today’s topic: “deal killers” that silently wreck deals 11:09 - Deal killer #1: bad debt (floating, short term, forced refi, IO, overleverage) 13:57 - Deal killer #2: bad location (why “cheap” is usually the warning) 16:26 Deal killer #3: bad assumptions (exit cap, rent growth, vacancy realism) 19:22 - Deal killer #4: bad partners (character, controls, and trust) 22:00 - Outro

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Criterion breaks down a practical “start over” blueprint for rebuilding wealth in commercial real estate using $50,000, $100,000, or $500,000, plus real talk on deal pipeline fallout, distributions, and retail cap rate trends.

Time Stamps: 0:00 - Introduction 1:05 - How many deals Criterion reviews and why most get cut fast 2:12 - The Reno deal is officially dead and what that costs (Criterion money, not investor money) 3:19 - Distribution season and operational update 3:48 - Aspen Dental exit, $715K distribution, and a 17.2 IRR 4:27 - Game time: guessing cap rates for top national retailers 10:28 - The main topic: if we lost it all, how we would rebuild 11:14 Scenario 1: starting over with $50,000 14:43 Scenario 2: starting over with $100,000 17:06 Scenario 3: starting over with $500,000 20:12 The diversification point and building durable cash flow 22:10 Closing thoughts

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Criterion breaks down why uncertainty creates real buying opportunities in commercial real estate and how disciplined underwriting and fixed-rate debt help investors win while others freeze.

Time Stamps: 0:00 Welcome back + what’s been going on 0:26 Deal updates: Reno stall, upcoming Aspen Dental sale, Burleson TLE, Denver under contract 2:03 Investor travel series + meet and greets + distributions update 3:07 Quick fun: NBA talk, mascot cameo, macro uncertainty + rate impact 5:28 Overrated vs underrated game (Thunder, AI tools, Rolex, transfer portal, Masters) 10:40 Main topic: why the best CRE deals happen during uncertain times 10:50 The uncertainty cycle: panic → indecision → opportunity → recovery → everyone piles in 12:13 How uncertainty creates deals: mistakes, forced sellers, less competition 13:34 Criterion approach: fixed-rate debt, cash flow today, flexibility later 16:09 Multifamily vs retail: where underwriting broke, why retail is harder to overbuild 19:28 Historic parallels (2007–08, COVID, current macro) + timing isn’t luck 21:09 Wrap-up and goodbye

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