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April 10, 2025 36 mins
Dylan Kwasniewski with 6 Summit Capital, joins Trent and Patrick on “At Home with Roby”. The guys reminisce about their days at Coyote Joe’s, hear about Dylan’s recent engagement, and learn about a few of 6 Summit Capital’s upcoming properties and projects.
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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome to at Home with Roby.

Speaker 2 (00:01):
I'm Patrick mcasik from Roby Commercial in Services on with
Trendy Ha'sen from the Roby family of companies.

Speaker 1 (00:06):
We are your hosts. This is the at Home with
a Ruby podcast.

Speaker 3 (00:10):
Man, what you think we in the house? We're in
the house, that's what I think. Got an old friend
here in the studio today, hadn't seen him in probably
over a heavy year. I would say. So, it's gonna
be a great show. Agreed, excited about it.

Speaker 1 (00:28):
Agreed.

Speaker 2 (00:28):
And you know we are recording two shows today. On
the last show that we recorded, you know that the
lighting when here was a little dim and Calvin cranked
it up.

Speaker 1 (00:38):
He did so you.

Speaker 3 (00:38):
Offset by throwing on some shades. If you haven't listened
to the David Scully Show, which is released prior to
this show. The light came on and I told a
story about turning the light on this morning when I
was reading the Knox going crazy, and he punched me
in all his ninety seven percentile of five year oldness

(01:00):
Percentiles's fist.

Speaker 1 (01:01):
That's all that mass.

Speaker 4 (01:01):
It's pretty big.

Speaker 3 (01:03):
I mean Reagan held his hands up to Ford, who's
ten uh, And it's pretty close right right, and we're
not even talking about girth of the hand. We're just
talking about the length of his fingers and stuff.

Speaker 2 (01:15):
So what a cool story he had. I know, we
kind of had to wrap up and we heard it
about uh the in Vitro and uh Duncan Williams yea
his who he worked with up in Memphis, and it's like, man,
it's it's things that you hear like that. It's why
you know, he said, either gonna they're gonna take me
out or I'm gonna retire here. And that's I always

(01:35):
tell you and my experience with Ruby and I know
where's several others that feel the same way. It's like,
you all got to take me out in a body
bag or maybe one of these days we'll hang it up.
But that's how you build loyalty is by helping people
get something that they're after, whether it's you know, entrepreneurism
or in his case, a daughter. But what that was

(01:56):
such a great business lesson. Yeah that we didn't get
a chance of really dive into. But you just got
to take care of people. I mean, that's what it's on.

Speaker 3 (02:05):
And he said something like uh not that he could
do it he did do it and was willing to
do it talking about the owner of his company, Duncan Williams,
the company's named after, and that's the type of people
that he said will have to carry him out in
the body bag. The funny thing is, when I was
a whipper sniper in sixteen seventeen eighteen reading all these

(02:27):
get Rich Quick business books and stuff, my dad was like,
you think you're gonna retire when you're forty and be rich?
And he's like, son, you're gonna work till you're dead.
And I'm like, no, I'm retiring, And uh, didn't know
even what I was talking about. But the truth of
the matter is, as you get older and go through life,

(02:48):
if you're if you're doing what you love with people
that you love, uh, you're always you're always hustling something.

Speaker 1 (02:56):
Right.

Speaker 2 (02:58):
Well, no, you're right, I mean, and that's true. People
that I mean, there's a very well known fact. I'm
sure I'm gonna get this all kinds of wrong, but
people that retire retire the mortality rate within the next
day say that, Yes, exponentially, that's very true. You know,
they don't have anything to do or they don't have Yeah,
you kind of lose the drive and the hunger. And
I think once you have some entrepreneurial experience, whether it's

(03:20):
you know, you own a two hundred million dollars three
hundred million dollar enterprise, or you're the guy cutting the
grass for the neighborhood, it's hard to get rid of
that hustle.

Speaker 3 (03:29):
I'm just trying to put a teriff on those eggs.
I'm selling my daughter for her pound cakes. See what
I can do? You know, Yeah, Marie never never pass
a good opportunity. The eggs up a dollar at a
dollar fifty.

Speaker 1 (03:41):
Dude, I'll give it.

Speaker 2 (03:42):
We're gonna have Marie a little shout out from Carolina
Family Restaurant. If you've never been to Carolina Family Restaurant
on Wilkinson Boulevard.

Speaker 1 (03:48):
You got to go. But she had she had to
put a sign up make those eggs more expensive. I
ate lunch there earlier today.

Speaker 3 (03:56):
Actually, myself and and our CFO, A Longhurst state there
his first time, say where we want to go? I
was like, well, I'm gonna take you. Take you down
Wilson Boulevards Son where we're going. We going to Kyte Joe's.

Speaker 2 (04:10):
There are so many people that we take there that
have never been there before, and then you know, you
go back like a month later and they're sitting in
the booth. That's what it should be, that's what it
should We took Jared Cheney there when he was in town,
a dear friend from Georgia.

Speaker 3 (04:27):
We went, actually, my wife and I went to Brooks
and dun concert last weekend and uh, hey no, it
was at Spectrum Center. But but this is where I'm
going with this. It uh Brooks and done twenty five

(04:48):
years ago. Every time they would do their annual concert
in Charlotte.

Speaker 1 (04:51):
They would end up at Karty Joe's on the stage.
So we knew this, so we would leave a set
or two early uber to Kyte Joe's post up. Again,
it's the staging in them. Within thirty minutes or an hour,
they're out there rocking and partying and having a good time,
awesome experience. We've probably done that.

Speaker 3 (05:09):
Four times, so that happened again this time. So it's
been a twenty five twenty year gap and are going
to Brooks and Dune. They rocked seventy two and seventy
years old. The amazing thing is a boy I saw
guns and roses last year. These guys, they keep themselves
so fit now and last so long, but they do
such a good job. It hadn't got any worse. So

(05:32):
we might have had a little disagreement or something. But
we ubered to Cavity Joe's and then we never went in.
We ubered home, so we never made it in. But
we did go to Cooty Joe's and stand in the
parking lot for a few minutes.

Speaker 1 (05:43):
I can see how this played out in my head.
I think I understand.

Speaker 3 (05:46):
But David Lee Murphy was there opening act and generally
that which he's great. Dust on a bottle song, a
ton of good songs. But the place was full. I mean,
these guys with the retirement story. I'man there seventy two
filling up a spectrum arena. Still didn't go into Cody

(06:07):
Joe's afterwards. So anyway, that was cool. We had a
good time and uh, you know, a little argument keeps
e xisty.

Speaker 1 (06:18):
Baby, that's for you heard heard, Well, let's see you
I dyling before we get to you.

Speaker 3 (06:22):
Yeah, we got dealing. Kwasnewski is our guest today. I
know I'm saying that wrong. He can correct me.

Speaker 1 (06:29):
When he comes on. That's got He's got a lot
of owls in his last name.

Speaker 3 (06:33):
Knows Uh what a great ride. I can't wait to
get a refresher on his story. Cool, cool, light, life,
full of excitement. And now he is in the real
estate and development world with six Summit Capital, get that right,
dealing and he's got he's got some news for his
first thing he says, is he got engaged.

Speaker 1 (06:56):
So I can't wait to hear about this.

Speaker 3 (06:58):
Uh, that's something I know, man, Dylan Pasnescu and re
return on at Home with Roby.

Speaker 2 (07:07):
And don't forget Roby Services is your one stop source
for all your electrical heating, cooling, plumbing and handyman needs.
Keep it easy and get it all done by one.
Roby servicesnow dot com. That's Roby servicesnow dot com. Welcome
back at Home with Roby. I'm Patrick mcasac from Roby
Commercial and Services along with Trent Hasten from the Roby
family of companies. This is at Home with Roby. What's

(07:29):
going on, dude? We got a guess in the house.

Speaker 1 (07:31):
Hey man, what he's up?

Speaker 3 (07:33):
Dylan.

Speaker 1 (07:33):
He's frequent flyer two. You've been on a couple of
times before I think.

Speaker 5 (07:37):
Yeah, at least once, maybe twice. But good to be back.
Thanks for having me on.

Speaker 1 (07:40):
Yeah, man, it's been a minute.

Speaker 4 (07:42):
Glad to have you here.

Speaker 1 (07:44):
Okay, can y'all hear me? Can we hear you?

Speaker 4 (07:46):
Oh? That's always it's never hard to hear you.

Speaker 1 (07:49):
That's what I asked Regage, like, can you hear me? Now?
So that's probably what happened.

Speaker 2 (07:54):
Hang on, we're gonna go back to that because that
so that's how it went down in the Coyote Joe's
parking lot the other weekend. And so you were just
given Dalan some pointers about because he's now engaged, and
you're like, hey, I've been there, and so one of
those pointers is probably to not get into an argument
at Cody Joe is at what hour was this like?

Speaker 1 (08:10):
Eleven thirty? This is the deal. We tried to get
a ride from the stadium.

Speaker 3 (08:15):
It was busy already. Get it took twenty minutes. Canceled
Uber did this, canceled that Like the third drip. We
walked a couple of blots away, which is one oh
one walk a couple of blots away, But we walked
a couple blots away. We lost the two couples that
we were with, we were all going. They did not go,
and we were still going by gosh and uh and

(08:36):
then she was like, I really don't care about going anymore,
and I was like, we're going. And then we went
physically to the parking lot.

Speaker 4 (08:44):
Hey, it's a nice parking lot and I've been there,
done that now.

Speaker 1 (08:46):
I mean they sell hot dogs.

Speaker 5 (08:48):
That's where you got You've been there and done that,
get it glasy, that's what you're going for.

Speaker 1 (08:53):
So anyway, but hey, no, it was good.

Speaker 3 (08:57):
But the concert was great, and we talked about the
memory of going to Cody Joe's and standing at the stage.
We are going to Kyoti Joe's here before Longbow that
places on Point.

Speaker 1 (09:08):
Oh yeah, yeah, we went.

Speaker 2 (09:10):
We went recently, actually, I Heeart did something for Brad
Paisley and got to go to Kyti Jay's. Like every
haven't been there probably ten years, and every time I
go there, I'm staying with you.

Speaker 1 (09:19):
This place is so cool.

Speaker 4 (09:20):
It's said Charlotte institution.

Speaker 1 (09:21):
It is an institution, and that parking lot is really big.

Speaker 3 (09:24):
I know.

Speaker 4 (09:25):
Then the hot dogs are really good too.

Speaker 1 (09:27):
They are good, only it's a true honky tone. Oh yeah, yeah,
not mean it is around.

Speaker 3 (09:31):
Yeah, and and the really cool thing is like the
Brooks and Dunn story. But the other artists they come
back because they think it they think it's an institution
and they think it's paying homage to the industry. And
they didn't all about selling twenty thousand seats.

Speaker 4 (09:49):
Yeah, you know, I.

Speaker 3 (09:50):
Think I've been to an Eric Church concept shirt there,
Jamie Johnson, Little Big Town, been a lot of concerts there, like.

Speaker 1 (09:58):
That was where they were performed. So yeah, how you doing, Dylan?

Speaker 4 (10:02):
I'm good.

Speaker 5 (10:03):
Yeah, newly engaged, which is nice. Now we got to
plan a wedding. But uh man, life's good. Can't complain.

Speaker 1 (10:09):
Are you planning the wedding?

Speaker 5 (10:11):
Maybe a little bit. I mean we're like going as
slow as possible. We've dated for seven years. It was
a long time coming for me to pop pop the
glorious question, and it was done in a in a
great way. But we had a great time outs, you know,
planning the actual wedding, which is a lot more involved
than I expected it to be, but fun processing nonetheless,
for sure.

Speaker 2 (10:31):
Well do you care? You said it was a fun
way to get engaged. He cared to elaborate a little
bit on that or is that something you're just gonna
keep to the best.

Speaker 5 (10:37):
I mean, it sounds bougie, but we we've gone to
Saint Bart's a few times. We've got some family friends
down there, and had a kind of yank or chain
to go on a trip because she felt like we
traveled too much in the year. So I was trying
to do it in a non obvious way and pretty
much said, look, work's been a grind, Daddy's got to
get away and blow off some steam. Pay for the trip,

(11:00):
go down there, have a great time. So after she
begrudgingly agreed to go, we had this thing set up
some friends down there that that essentially gave us, like,
you know, the playbook for the best sunset spot and
in the island. And I said, we were going to
grab drinks with some of our friends and we're going
to meet him after, but needed to watch the sunset
because that was the thing that we do. And I

(11:20):
had this glorious French guy that was sitting there kind
of incognito, acting like he was reading a book, and
sunset came and we did the whole shebang. He got
the great moment on camera, and then our family friends
came out with their their daughter that we met for
the first time, and it was a glorious moment.

Speaker 1 (11:37):
That's awesome.

Speaker 5 (11:37):
Drank a bunch of wine and I smoked cigars and
I probably got a little too drunk that night, but
had had to blow some steam off after being all
the stress on a.

Speaker 1 (11:44):
Childhre that he needed to blow some steam off.

Speaker 2 (11:46):
It was right, Yeah, that execution is tough, but I
know it's fun you plant it out in your head.
But then it's like, all right, is that the guy
the French guy or is it is he that?

Speaker 1 (11:54):
Which one is it? I mean, it's a lot that
can go wrong there.

Speaker 5 (11:56):
Yeah, And she was trying to get out of his way.
She said, we can't block his view, and I'm like,
it's fine, that's we had strict instructions from our friends
to stand right and the camera exactly trust me.

Speaker 2 (12:07):
Yeah, that's cool, that's cool. Well, so what you think
she get caught her off to go our big time?

Speaker 4 (12:13):
For sure. Yeah.

Speaker 5 (12:13):
When we were on the way over there, she had
no makeup on, her hair was wet, and I'm like,
all right, we got in the bag.

Speaker 4 (12:19):
She's definitely got no idea. So it was awesome.

Speaker 5 (12:22):
And then we had her family come up the following week,
which is Thanksgiving. Surprise her and I had a great
time with my family and it was still is, you know,
just an endless celebration and leading that into the wedding.

Speaker 1 (12:34):
Man, that's cool, that is awesome. Cool?

Speaker 4 (12:37):
Does she is?

Speaker 1 (12:39):
She from Charlotte.

Speaker 4 (12:40):
She's from Marietta, Georgia. So yeah, yeah, from Georgia.

Speaker 1 (12:45):
Yeah. Wow. Do you know where she went to high school?

Speaker 4 (12:47):
I was getting confused, Wheeler Walton.

Speaker 1 (12:49):
I went to Walton, Okay, right, They're very close to
each other.

Speaker 5 (12:52):
Yeah, and I'm like I should know this, but it's
one of those things where I've I've gone through it
in my head so many times that I even if
I am right, I feel like I'm staying the wrong day.

Speaker 1 (13:00):
It's all good. I'm pretty sure. We probably didn't have
any classes together. Yeah, she's probably quite a bit younger
than me, but a little bit. That's cool. That's cool.

Speaker 4 (13:07):
No, it's great, y'all.

Speaker 1 (13:09):
Are y'all going to try to have some kids?

Speaker 4 (13:12):
I think so can put me on the spy here.

Speaker 1 (13:14):
I mean, I'm doing it all. Yeah.

Speaker 5 (13:17):
No, for sure, we'd love to start a family, but
taking it one step at a time and enjoying the ride.

Speaker 4 (13:21):
But but yeah.

Speaker 1 (13:23):
You know that's what you gotta do.

Speaker 4 (13:24):
Yeah, I mean, we can't pop five kids out like you.

Speaker 1 (13:27):
It wasn't that easy.

Speaker 3 (13:29):
I mean it's not it's not easy in the in
the rear view is twenty twenty vision, right right. But
and and we've just got lucky. I mean, we're blessed.
We wanted to have a number of kids and we
were able to have a number of kids. So and
unfortunately we they're growing up.

Speaker 4 (13:48):
So it's a beautiful thing.

Speaker 2 (13:50):
No, So we were talking about the last show. I mean,
it's just not something that it can happen for everybody
like that. Something is easier to four than others.

Speaker 1 (13:57):
So yeah, yeah, So, uh, tell us what's going on
in business?

Speaker 4 (14:03):
Business has been good this year.

Speaker 5 (14:05):
Last year in the real estate investing in development world
is certainly an uphill battle for a lot of folks.
You know, just interesting dynamic with what's going on and
kind of the macro environment. But you know, this year,
I think we're blessed to be in Charlotte. There's a
lot of activity, the landscape certainly changing. We we kind
of invest in the urban core on unique retail industrial

(14:27):
and creative office assets. But you know, we're excited about
where we're going this year. We have some things we're selling,
we're buying new assets, growing the platform, a lot of
big change hopefully on the horizon. But it's been an
interesting kind of shift in the market to see and
be a player in that with a lot of local
players as well as outside capital.

Speaker 4 (14:46):
Just given how much attention and eyeballs are on the city, Well.

Speaker 2 (14:48):
Tell us a little bit about your firm. I know
you're talking about what you like to invest in, but
how long you been there? How long you all been
doing this in Charlotte, Maybe just like give us a
deep dive on sixth sum Yeah.

Speaker 5 (14:58):
So sixth Summit is myself and two other partners that
run the day to day. We've got an advisory board
that were original partners of the local collier's office. The
partner sold back in twenty nineteen, and we started this
investment platform to really go after the deals that we
were already investing in but brokering on behalf of other clients.
So started in twenty twenty one is really when we

(15:20):
hit the ground running buying you know, adaptive reuse, retail
and creative office assets around the urban core of Charlotte,
South End, Noda Plasamidwood anywhere. That's kind of seeing you know,
some emerging energy and development opportunities. And you know, we
love the space in Charlotte. It's certainly competitive, as I mentioned,

(15:40):
but I think we're still at early innings. The city,
I'll tell you what I feel like, has evolved tremendously,
even over the last two years. And walking around and
sometimes I'm jaded and living here, but if you walk
to the rail trail during kind of peak hours, whether
it's lunchtime, if folks are on their break or you've
got you know, kind of golden hour, and on the
the environment shifting and folks really being out there in

(16:02):
a good weather period, it's an unbelievable sight to see.
I mean, we have really I kind of think hit
our strides and it's a blessing to be able to
invest in our backyard just because there's so much attention
on the city.

Speaker 4 (16:15):
There's so much growth opportunity.

Speaker 5 (16:16):
You guys see it obviously in your space on the
residential game and investing as well. And you know, I
just kind of pitched myself every day that we're able
to do it and deal it with folks that we
enjoy doing it with. I know you guys mentioned earlier.
Sometimes it doesn't seem like work when you get to
do it with folks are your friends, and you wake
up one day and you're eighty years old and you realize, Man,
I can continue to do this for hopefully the last

(16:37):
ten or fifteen years that I got. And that's kind
of where I'm at in my career. And I'm blessed
to have great partners, and you know, we're just really
excited about kind of the trajectory of our city as
well as just the trajectory of our firm.

Speaker 3 (16:49):
Well, when you have kids and you're taking them to
school or driving around with them and you like them
me and or off to go look at something, they're
gonna start complaining. Yeah, but one day they'll appreciate it exactly. Yeah,
why don't you take the long way all the time.

Speaker 5 (17:02):
Well, I'm sure it's cool for your kids to see
some stuff that you know, Pop sounds and had had
a stake in, whether that's a house that got built
or you know, that's the that's the beauty of the
real estate game. It's a it's a physical improvement. It's
a tangible asset. You get to see it right before
your eyes, and that's awesome to be a part of.

Speaker 2 (17:18):
Well, you're right, it makes you so proud and happy
to be part of it. And not everybody can say that,
whether you know it's your own home or you know
a brewery that we built, or repoint a house that
Trent worked in when he was eighteen.

Speaker 1 (17:30):
I mean, all this stuff did.

Speaker 2 (17:31):
It takes so much pride and we're all so excited
about it, and it is it is tangible. It's not
a stock where you open up the newspaper and say, oh,
I went not this much totally.

Speaker 5 (17:40):
And I think in a growing city that's kind of
in search of its you know, identity in some ways,
where like Charlotte's been around for a while, but it's
still a fairly new city and obviously changing at a
rapid pace. To kind of have a stake in that
and to really, you know, drive some change in a
positive way and drive community impact, it's it's I don't
think there's anything better.

Speaker 4 (18:00):
It's an awesome business to be in.

Speaker 3 (18:01):
But but to your point, being born and raised in Charlotte,
I'm about to turn forty seven, been looking at the
same corridor for forty oh my goodness, forty three years.
It is evolving, and it is eclectic and becoming its
own personality as you travel to other cities, and I

(18:23):
run the reil trail, sometimes I'll check into the Dowd
Why and then get out there and run a little
bit just to see what's going on. Frankly, but reading
recently about some things over at the Metropolitan, you know,
when I first came into business twenty three, twenty five
years ago, that place was dead. It was the Midtown Mall.

Speaker 2 (18:43):
Yeah, when they're a Providence Sundry is something kind of
like there was Providence.

Speaker 3 (18:48):
Read Arky and I used to meet have business meetings there,
but there was no greenway, you know. And now they
just reopened a mile segment that from there to Atrium Hospital,
which has been there a couple of times with some
kids and stuff. So that area is vibrant, and this

(19:11):
even has a little different personality than what you're talking
about the rail trail. And then in between them you
got the Pearl which is driving all that the medical school,
and man, I'm glad you brought that up.

Speaker 2 (19:23):
I mean, the Greenway is like the one of the
best assets we have in this city and now it's connecting.
I mean you can go from South Carolina all the
way to pretty much pass Noda and to your point
doing like all.

Speaker 1 (19:34):
The just the stuff that you see.

Speaker 2 (19:36):
I mean you go up through the rail trail, not
the rail trail, the Greenway through Noda, same kind of
thing you're talking about, down through Midtown and down through
South and it's a totally different, different fuel but it's
all connected.

Speaker 5 (19:46):
Totally is I went for a bike ride from my
place over in Elizabeth pretty much down to South Carolina
the other day on a Saturday, Yeah, and.

Speaker 4 (19:53):
It was awesome.

Speaker 5 (19:54):
I mean I kind of had this moment of reflection
where I was just in granted, it was like seventy
five degrees and just like mint outs, it was gorgeous.
But the amount of people, the connectivity, the fact that
we have that that we can have you know, a
stream or body of water and we can essentially ride
from immediate east side of the city almost to South Carolina.

Speaker 4 (20:12):
It's unbelievable.

Speaker 2 (20:13):
You could even be able to hit the Balentine Bowl.
Now I take all that stuff connected and already into
the green Way now as well.

Speaker 5 (20:19):
Yeah, it's pretty cool, and I think, you know, to
everyone's point, you're starting to see these pockets develop where
it's got unique character. And granted, there's challenges, right and
we've got traffic problems and affordability and all that, but
at the end of the day, I think the city's
grown in a pretty unique way and it's kind of
coming into its own. And we are jaded sometimes, especially
you guys, and being here longer than I have that

(20:41):
you know, you kind of just get used to the
amount of energy and activity, just given the extent of
investment that's happening in our city. But sometimes it's nice
to pick your head up and kind of take a
step back. And I find myself doing that every time
I travel to a different place and come back to
Charlotte and I here.

Speaker 2 (20:57):
Yeah, I mean I would say I say the same thing.
It's like when you anywhere. I know you travel a ton, Trent,
and I travel some quite a lot more than I
used to you, and every time I landed Charlotte, I'm like, man,
I'm so happy I'm here, and like, nothing beats it.

Speaker 1 (21:09):
Yeah, it really has a sense of home.

Speaker 3 (21:12):
I mean, even our airport it's been under major construction
they you know, been working on I think a ten
million dollar ten you're playing colt. But now some of
that work's getting done. And we we came in through
the airport the other two weeks ago and it was like,
I don't even know where I'm at.

Speaker 1 (21:32):
Yeah, and we left a week earlier, you know, my
wife and kids.

Speaker 2 (21:36):
So you said this before, but like, I think it's
on the fourth floor at the new when you're going
to arrivals. They built these two bridges that did take
you from the daily Dot or whatever lot that is
hourly over to the airport and the way the architect
drew that out and you're on that walkway and you
look at the city and it frames the city with
the way they did at ironwork, and its unbelievable.

Speaker 5 (21:58):
Yeah, attention to detail for sure. I mean, obviously that's
a beast of a project.

Speaker 3 (22:02):
Yeah.

Speaker 5 (22:02):
Why you got that many people trafficking the airport. I mean,
I think it's still one of the highest traffic airports
in the country.

Speaker 4 (22:08):
If not the world.

Speaker 1 (22:09):
It's like seventh in the world.

Speaker 5 (22:10):
Yeah, and uh yeah, it's I mean it's it's one
of the biggest assets that we have, for sure. I mean,
I know you mentioned the greenway, but the amount of
business traveling. Yeah, the ability to get from you know,
the airport to uptown Charlotte in what ten minutes, fifteen minutes.

Speaker 4 (22:25):
Though there's a little traffic, it's I believeable.

Speaker 3 (22:26):
It's not thirty miles out now in the suburbs. And
my dad used to always tell me human call built
the city, but without the airport, Jerry or building the airport,
he could not have built the city because he couldn't
have grown Nation's Bank, yeah, back in the day, which
eventually was Bank of America. And that's just that's just
a leader for all the other businesses that stem out

(22:49):
of Charlotte, and that's why they want to move here
now totally. I mean, if you're business one oh one,
you're cost of living which is going up with growth,
that goes up, but it's still relatively low. Yeah, petitive,
but access in and out for your staff and for
people you do business with. So and now they're building
the river district on the other side of the airport,

(23:10):
and hopefully we get the transportation put together in the
next couple of years, we'll have a line, a rail
line out to the airport, which will drive drive that
whole West Court or.

Speaker 4 (23:21):
Yeah, pretty phenomenal.

Speaker 1 (23:23):
Yeah it is.

Speaker 3 (23:24):
So do you have any projects that y'all are working
on now that you want to talk about excite you?

Speaker 5 (23:29):
Or yeah, I mean we have some stuff in South
End that we've been in motion on for like two years.
We've been excited, still are excited. It's all kind of
coming to a head over the next sixty days. So
you know, ask me my opinion about kind of how
that all materialized next time around. If I'm yeah, fortunate
enough to do this. We're closing a deal and in
lower South End that it will be an adaptive for

(23:51):
use for redevelopment. We're always excited to do anything that's
kind of in the urban core and non commodity products,
something that's a little design driven and and you know,
curate a tenant mix with kind of a good mix
of community activation. I mean, that's that's our bread and
butter at six Summit. We like just unique plays and
kind of those food groups of retail, office and industrial

(24:12):
offices challenge right now just with the back to office
and work from home components, but I think there's office
of tomorrow, the high quality stuff will prevail the haves
and have nots have certainly played out on kind of
the bifurcation of the office market. So working on a
project that we would love to do, it's a ground
up deal in a little contrarian but had it tied

(24:34):
up and ready to go in twenty three and got
killed because of the UDO, But knock on wood, maybe
have an ability to resurrect that deal and go back
through kind of the execution that we were ready to
execute on in you know, two years previous sense. So yeah,
it was it was a hard year last year for sure,
and I think everybody kind of beat their head against

(24:55):
the wall and deal flow and trying to capitalize opportunities.
It was just a super interesting vironment with where rates were,
I fed policy, macro environment. Even with the fuel that
Charlotte had, still an uphill battle to go capitalize any
kind of project, even if it's you know, the Darling
Asseid class of industrial or multifamily, I mean, anywhere you looked.

(25:16):
It was definitely more of a slugfest. But I think
the market's opening up a little bit. I think folks
are cautiously optimistic about the ability to do deals in
twenty five and there's this been this sentiment I must
have survived at twenty five that whether or not it
plays out, it'll be interesting to see if that's coming true.

Speaker 4 (25:34):
So, yeah, we're excited about it.

Speaker 3 (25:35):
Well, we're recording this show on April to first April
Fool's Day, haven't done a Fool's Day joke of twenty
twenty five, And the big topic of conversation in the
business and money world is the tariffs. Yeah, and what's
gonna happen with all that? Yeah, what's your prediction?

Speaker 5 (25:53):
Even if I did have a prediction, I don't think
it's gonna come true. Look, there's a lot of lot
of posture and a lot of a lot of movement
right now. It's something that's sensitive in the construction and
development industry just because the deal that I mentioned, that's
a ground up deal. You know, we're trying to get
a gut check on pricing that we had back in
twenty three, which the gcs are saying, Okay, maybe if

(26:15):
you want to be conservative, there's a five percent cost escalation,
but the submarket's going to be pretty competitive, so maybe
you ultimately get that to be a flat kind of
increase or it be static.

Speaker 4 (26:26):
But the terror conversation is a whole different conversation.

Speaker 5 (26:29):
You know, there's a lot of steel erected in that project,
and it's anybody's guests. I think folks try to have
a handle on it. But I'm I'm by no means
the expert in what I think administration is going to do,
and I don't think anybody is for that matter.

Speaker 3 (26:43):
Well, when I studied economics at Chapel Hill, I did
not remember much. But one thing that I did remember
is a true perfect economy is nobody knows what's going
to happen the next day. Right, It could go either way. Yeah,
And we're definitely there. We're in a perfect economy right now.

(27:04):
Right that there's some hands in the pot right that
are helping us not know.

Speaker 4 (27:09):
It's interesting for sure.

Speaker 5 (27:10):
I think the real estate world in particular has been
so locked up for the last eighteen to twenty four
months that I think folks are eager to make things happen.
It seems like it's easy to come up in an
excuse of why not you should dip into the market.
We raise kind of private capital, friend's family, our own capitol.

(27:32):
High nowhere with family office capital, it's a little bit
more nimble on just making a bet and having a
longer term approach. So for us, we feel like even
with the tariff conversation, you know, if you kind of
stick to your guns and select the right bets, if
you view Charlotte as a ten year play instead of
a five year play, hopefully you'll succeed. I think if
you've got a shorter term mindset and need to have

(27:52):
you know, a deal round trip in the next five years.
With the uncertainty in the macroeconomic landscape, the political lands,
get geopolitical, whatever you want to point your finger to.
There's a lot of noise, but ultimately we're in the
business of investing money and making things happen. And at
some point you would hope that folks need to get
back in and kind of put their money where their

(28:14):
mouth is.

Speaker 4 (28:14):
But easier said than done, for sure.

Speaker 3 (28:16):
I think the I think the dollars on the sideline
for folks that need to put their money to work,
I think they're tired and ready to go. I mean
they're waiting for a clear future at some level. Hopefully
the cost of money keeps going down. It's going down
a little bit. The problem is we had astronomically cheap

(28:37):
money there for a couple of years, right, which got
everybody used to that.

Speaker 4 (28:42):
Yeah.

Speaker 3 (28:43):
Everybody says deals don't pen now pencil Well, my life
my twenty five years for the first eighteen or so, well,
and that was where we were. Yeah, maybe even a
little economical on the cost of money. Inflation has hurt
and it's under controlled now hopefully it stays that way.

(29:06):
I think it'll really really give a lot of load
of confidence.

Speaker 5 (29:10):
I mean, what are you guys seen in your world
on the service side, on the residential side. I mean,
we're sure it's an indicator in some ways of what's
going on.

Speaker 3 (29:17):
You know, our residential is custom and boutique is strong
right now, and our commercial.

Speaker 1 (29:24):
Is custom in motique.

Speaker 2 (29:26):
Yeah, I mean the only thing about private owners the
service side has seen a little bit of a tail
off with like average tickets going down, things like that.
But I think that's like a direct result of consumer
confidence being.

Speaker 1 (29:36):
A little bit low.

Speaker 2 (29:37):
I mean, even at the very middle class upper class,
like people just don't know what to do with their money, right, Yeah,
and so you know, what typically might be a five
figure deal might be a four figure deal, a six
figure deal, might be a five figure deal. Yeah, so
we're definitely seeing a little bit of a pullback on
that side.

Speaker 1 (29:52):
Yeah, we're retail driven.

Speaker 4 (29:54):
It's interesting.

Speaker 5 (29:55):
I had coffee with a buddy who's at McDonald's and
he's on the real estate team out there, and he
was talking about the approach of a behemoth like McDonald's
versus a group like us, which is just so hyper opposite.
We're so focused on the locality in our backyard. You
guys are very local as well, and you know, within
a specific clientele. McDonald's, you know, they're so big picture.

(30:16):
It was interesting that a big topic at McDonald's right
now is cannibalization and looking at new stores and making
sure a new store is not going to take revenue
from an existing store based on their geographical footprint.

Speaker 1 (30:27):
Right It makes sense because at.

Speaker 5 (30:29):
Some point you're going to expand you want locations, you
want growth, but you don't want to, you know, shoot
yourself in the foot on another store just by trading
one customer base for another and you not being at
a net positive move. So sometimes it's nice having those conversations.
Just from my own personal perspective, I get so into
the weeds on what's happening and sure that you know,

(30:50):
zooming on and kind of seeing how a big company
like that makes decisions is I don't know re freshing
is the right word, but it's just it's eye opening,
I guess as it relates to the day today.

Speaker 3 (31:00):
Well, I think it's it's fiduciary, fiduciarily smart for us
to study that, be aware, right, understand the world, the
macro world. But you said a word earlier, decommoditized commodities.
Y'all y'all don't like commodity products.

Speaker 1 (31:16):
We don't either. We want quality and service to win.

Speaker 3 (31:20):
Yeah, And I think if you have the long term approach,
I think in your and you're committed and consistent discipline,
you can do that. But uh, Charlotte being in the southeast,
which is still the the bell weather of the nation.

Speaker 1 (31:34):
Really in in where where we're going.

Speaker 3 (31:38):
Uh, folks are still moving to this region and and
particularly still moving to Charlotte.

Speaker 4 (31:43):
Totally agreed.

Speaker 5 (31:44):
I think, Uh, even with some of the haveline risk
and some of the headwinds, we've got so much growth.

Speaker 4 (31:52):
So I'll weather the storm all day long.

Speaker 3 (31:54):
And you know, I read a lot of the business
stuff every day current events and listen to some things
recently about about our apartment our apartment saturated is you know,
are we overdone? And they're saying no, we're still underdoored. Yeah,
for the amount of people that are moving to our
city and live in our city, and we've had a

(32:16):
pause for a year and a half really of starts
which would deliver in three to four years. So I
totally I think it's gonna make the appetite even hungrier.

Speaker 5 (32:25):
Yeah, I mean, look, we can go on and on
about that conversation topic because it's happening in real time.

Speaker 4 (32:30):
We're on the other end of it.

Speaker 5 (32:31):
The deal that I mentioned that, you know, we'll see
what happens in the next sixty days. We're selling to
an apartment developer and construction starts to falling off a cliff.
There's a lot of supply, and people me included, sometimes
are like, I can't believe how many units are coming
up in Charlotte. But the pace of growth is astounding,
and depending on where you look, certain submarkets are definitely

(32:53):
getting hit harder. But your course, our markets are actually
doing pretty well and the rents are staying flat, but
absorption is pretty healthy in some areas and folks can't
stick a shovel on the ground. And if you look
in two years from now, there's not really going to
be much deliveries. And if this dynamic continues to play
out and we have still really positive net migration in Charlotte,

(33:15):
we're not going to have enough units. Easier said, they've
done that one going and raising a seventy million dollars
check to go right, Actually kick that project out and
put your money where your mouth is in a massive way.

Speaker 3 (33:26):
We had a couple houses used to be our office
over in Midtown and in two thousand and eighteen I
had an appraise appraiser appraisal, a fella legendary Charlotte appraiser,
and he told me, he said, hey, I think this
could go apartments. There's an apartment building there now pap
has developed. He said, I think this could go apartments,

(33:48):
and you might could get this price for the land
if it's not overheated. That was in twenty eighteen, seven
seven years ago. So known in this al relative but
it's fun to talk about. And the really cool thing
is we have a toime stamp now on this. Yeah,
so go back and listen. One day we'll congratulations on

(34:10):
your engagement, Uh, Dylan, and tell us what's one thing
that you carry your hat? You live by both business personal,
whatever which angle you want to go with it.

Speaker 5 (34:22):
Man, Uh, I think you kind of just operate in
a way that you would expect to be treated. On
the opposite end, my dad was a phenomenal guy during
his short amount of time on this earth, and he
was fortunate to be put into a pretty prominent position
in business. And I just used to always hear stories
when he was alive or even after the fact that

(34:44):
he treated his janitor to a CFO the same way.
And I think that's just the way that everybody should
treat each other. You can still have tenacity and grit
and you know, put your foot down when you need to,
but ultimately, if you do it in a respectful way
and and uh, you know, give the the respect that
people deserve. On the opposite end, I think that's you know,
kind of the genesis of what goes around comes around

(35:06):
in some ways. So you know, it's kind of just
treat people with respect and know where you know your
your true value is and hopefully you get that back
in drugs.

Speaker 1 (35:16):
Think you ted you up pretty good for that one trendon.

Speaker 3 (35:18):
I mean really, I mean I think I overtalk about
my dad who had had a time on this earth,
and it was great. And I hear very similar things
about him and lived them and watched him and Patrick
you can experience that. And we end every show and
with the Golden rule and treat others the way you

(35:38):
want to be treated. And I always say this, even
when they're punching you in the face, treat them the
way you want to be treated. So sometimes people are
dealing with stuff we don't know about, and show everybody grace.
So carry a smile around on your face to day. Dylan,
It's so nice to see you, man, it's.

Speaker 1 (35:56):
Been too long.

Speaker 3 (35:57):
Maybe we'll hang out a little bit after the show.
And thanks for listening to At Home with Ruby. Dylan
Kwasneski was six Summit Capital. Thank you for being here, buddy.

Speaker 4 (36:07):
Thanks guys, appreciate it.
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