Former four-star Army General and U.S. Secretary of State, Colin Powell said, “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”
At Eidi Properties, we stand firmly by this statement. As a company that has existed for more than two decades, we have worked very hard and learned from each of our mistakes. This ethic has allowed us to expand beyond anything we first imagined. Our mission has evolved to where we are committed to making a difference in our community, in our workspace, and in ourselves. To do these things, we believe we must keep growing.
In the beginning, every transaction was filled with nervous tension and concerns for the unforeseeable. Issues that might delay closings were common. But each purchase matured our process, wisdom, and understanding. Our expertise became as valuable, over time, as our assets. Our goal is to apply our experience to methodically but aggressively continue to develop.
We ended 2018 by adding Eidi Properties’ largest acquisition to date — two properties next to each other, along one of the most significant growth corridors in Northwest Ohio. Combined, the developments totaled more than 500,000 square feet, positioned strategically next to a future Amazon fulfillment center, which will add to the future vibrancy and traffic of the area. Such a large transaction might have produced anxiety as well as excitement two decades ago. However, our experience and maturity have prepared us well for such deals and the acquisition went over smoothly.
As the founder of Eidi Properties, I have, now, been involved with hundreds of transactions. These transactions have brought Eidi Properties to its current status where Eidi Properties has 40 shopping centers with more than 400 tenants. Therefore, I understand the normal anxiety, tension, and challenges that come with any procurement — not to mention the trust that is needed from all sides. What made our most recent acquisition so exciting to me was how familiar it felt to my first acquisition 20-years ago. As my experiences come full circle, they begin a new cycle of excitement, learning, and development — and, this new circle builds on the old, creating an upward pattern of expanding success and opportunity.
Wishing each of you a happy and prosperous New Year.