Trevor Bacon 0:00
In a traditional market, that a bank sits in the middle and makes market on makes a market on a stock, let’s say Apple, you know, they have one, one fund that wants to sell it, one wants to buy it, maybe no one wants to buy it, they want to sell it. So they’ll hold it on their balance sheet. And typically, it’ll take us a spread or get a cut for that, right. So in a decentralized fashion, there is no middleman. So what happens is that people will create will take assets and put them in a pool called the liquidity pool, and allow people to trade them. When you allow them to trade them. There’s a trading fee, just like the fee that I mentioned, for the centralized exchange, and the people who allow them to trade to get their portion of those fees to trade on top. So basically, I’d say I am willing to just make market so anyone can make the market. I put Portland token into a pool called the Portland pool. And now anyone can come and trade on the Portland pool. And if they do I get a fee. Now that can be any single person that provides liquidity versus in a traditional model, just the bank would take that the be the facilitator. And that’s, that’s it. It’s just a different model for the same thing which is a decentralized way to make markets.
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J Darrin Gross 1:37
Welcome to Commercial Real Estate Pro Networks, CRE PN Radio. Thanks for joining us. My name is J. Darrin Gross. This is the podcast focused on commercial real estate investment and risk management strategies. Weekly we have conversations with commercial real estate investors and professionals who provide their experience and insight to help you grow your real estate portfolio.
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Today, my guest is Trevor Bacon. Trevor is the CEO of Parcl a blockchain based platform that allows users to invest in digital squarefoot physical real estate and neighborhoods around the world. And in just a minute, we’re going to talk with Trevor about utilizing digital real estate as a hedge against inflation.
But first, a quick reminder, if you like our show, CRE PN Radio, there are a couple things you can do to help us out. You can like, share and subscribe. And as always, we encourage you to leave a comment. We’d love to hear from our listeners. Also, if you want to see how handsome Our guests are, be sure to check out our YouTube channel. You can find us on YouTube at commercial real estate pro network. And while you’re there, please subscribe. With that, I want to welcome my guest, Trevor Bacon. Welcome to CRE PN Radio.
Trevor Bacon 3:15
Hey, Darrin, thank you for having me. Really excited to be here and appreciate you having a song.
J Darrin Gross 3:21
Well, I’m I appreciate you being here. And I’m looking forward to our conversation here. Before we get started. If you could take just a minute and share with listeners a little bit about your background.
Trevor Bacon 3:33
Yeah. Cool. So prior to so it Parcl was founded in May of 2021. With a group of co founders. And prior to that I was an investor in technology companies in at several hedge funds. So I was a portfolio manager to hedge funds at an analyst at one for about five years. And before that I was at several banks Lazard and Barclays, always within the technology sector. So, internet software payments was where I specialized and that’s where, you know, I got the deep understanding of both software which we we do a lot of and blockchain as well.
J Darrin Gross 4:20
Got it. So, Blockchain, can you give kind of a brief description of what it is and and how it works with real estate?
Trevor Bacon 4:35
Yeah, so, a blockchain is effectively just a decentralized ledger to that has transactions listed once occurred in a public database. So it’s just a public database, not centralized. It’s permissionless, which sounds scary, but it’s just anyone can use it effectively. There aren’t any rules to who can use the blockchain for Remote like it’s in the traditional system, there’s a lot of restrictions. How we use it is probably more relevant. So how we operate, we are creating, we’ve effectively created two systems. One is is a data platform that derives the price per square foot in any given neighborhood, region, state city, have residential real estate. And what happens with you get that price per square foot, for example, if if we’re Darrin you’re in or Portland, right, so if we have a Portland price per square foot that gets piped onto the blockchain, and then we use the blockchain to collateralize, that square foot basically as a financial instrument, and then trade that square foot of Portland on an exchange called the decentralized exchange. But a decentralized exchange is very much it’s just a decentralized version of what any exchange in the world is, which is a centralized exchange. So meaning Morgan Stanley, Goldman Sachs, FTX, and crypto or Coinbase, and crypto that’s centralized, a decentralized exchanges where Darrin can make markets, or provide liquidity without being a institutional market maker. So that’s how our system works, which is effectively it’s a decentralized exchange to trade real estate prices
J Darrin Gross 6:30
Got it. So basically Parcl is in like a, like, the Dow, not the Dow Jones, like the New York Stock Exchange, or it’s an exchange, where right people can go on or they can find different opportunities and trade, you know, buy and sell is that, or
Trevor Bacon 6:50
Yeah, so, so right now, the way that the initial the initial implementation is, it is not real real, it’s not physical real estate. So the price points are backed by collateral by someone in the system that says, I think Portland is either going to stay flat or go down, I’m okay, putting my Portland shares into a pool to allow people to trade that. If it goes up, I’m on the hook for the for the the loss, if it goes down, I’m in the money. So it effectively creates a two way market of the price exposure in Oregon, or any other place in the country. And then in the future, internationally. So think of it much like a derivative index, right, like you can trade but it’s not very vibrant. The Case Shiller Index on the CME or like the Mercantile Exchange. The reason why one theory as to why it’s not so vibrant, is that it updates every month, but on a two month lag. So like, financial markets are very efficient. You know, they’re pricing in real time data every every minute. And you know, a month is a very long time in market. So there is a similar instrument, it’s just not as robust because of the time lags.
J Darrin Gross 8:14
Got it. So back up here once one step here, so I have a property, and I own it, and it’s, it’s in Portland, can I then list it on? On the Parcl? That’s the name of the listing? Right. Okay. So can I get a Parcl and list that on the on the exchange?
Trevor Bacon 8:36
No. So in the future, there are various products that would have where we would be touching the potentially touching the single family. But you know, there’s a lot of current, the current infrastructure is not ready to do that, right? You need like the title, you need the loans, you need the appraisal. So, again, we’re focused more on providing price exposure or providing hedging opportunities with the price movements of the underlying versus actually taking a physical house and putting it onto the blockchain. And that’s what’s been. There have been instances in which people have tried to give fractionalized ownership or tokenized ownership very another very similar concept that it does not scale because you actually need to own the house or building and then fractionalized the you basically fractionalized, who owns it that you cut up the pieces of the equity. You know, on the other hand, to make a vibrant market in the instance that you’re just referenced. You’d have to get a real big buy in of people listing their homes on the platform to get a good two way market. So we’re starting with this index approach in in the future we will likely have or aim to have more I call it individualized products. But again, I think that’s like some time out because of the financial infrastructure that’s needed to make that a reality.
J Darrin Gross 10:10
Kinda so the it’s more of the index model, like you said, as opposed to the actual the physical assets. Yes. Okay.
Trevor Bacon 10:17
That’s how we’re starting.
J Darrin Gross 10:19
Okay. So back up here a second. So, the how does the blockchain I get the concept of the, the ledger, and people being able to you get a token and you can log in. And if you want to, you know, sell a part of what you have, if you have one and you want to sell half or you know, if you have 10, you want to sell five or whatever, whatever that is, you have control of of that, I am assuming that that holds true. So, but so help me understand then go back to the index. So if I, if I see that, that Portland real estate is trading for x, and I think that it’s going to go up? So I buy in Who who is it that holds that? The other side of that investment is that you guys are here investors that that do that? Or how did you guys establish the the
Trevor Bacon 11:13
Two way? Yeah, so if so there’s it’s basically two sides of the market. One side, like you mentioned, you would just by Oregon, that would sit in your wallet, that you have, you’re the only person who has access to so we don’t have custody of your tokens, the way that it works in, in blockchain in a decentralized fashion, it’s called a decentralized exchange. So in a traditional market, that a bank sits in the middle and makes market on makes a market on a stock, let’s say Apple, you know, they have one, one fund that wants to sell it, one that wants to buy it, maybe no one wants to buy it, they want to sell it, so they’ll hold it on their balance sheet. And typically, it’ll take us a spread or get a cut for that, right. So in a decentralized fashion, there is no middleman. So what happens is that people will create will take assets and put them in a pool called a liquidity pool, and allow people to trade them. When you allow them to trade them, there’s a trading fee, just like the fee that I mentioned, for the centralized exchange, and the people who allow them to trade to get their portion of those fees to trade on top. So basically, I’d say, I am willing to just make market so anyone can make the market. I put Portland token into a pool called the Portland pool. And now anyone can come and trade on the Portland pool. And if they do I get a fee. Now that can be any single person that provides the liquidity versus in a traditional model, just the bank would take that the be the facilitator. And that’s, that’s it, it’s just a different model for the same thing, which is a decentralized way to make markets.
J Darrin Gross 12:57
Right. So but I guess what I’m understanding as if you decide to make the market, what is that? What does that entail is or capital that you have to put up?
Trevor Bacon 13:09
Yep. So basically, if we say Portland is, let’s just use $100. It’s more than that. But like, let’s just say $100. For simplicity sake, you put $100 into the Portland smart contracts. So this is the crux of it. Right? So what what is backing that $100? It’s it is actually collateral? So it’s it’s it’s it’s crypto, but it’s not it’s crypto and not real estate, basically. So it is backed by something. And if that goes up, you’re you are you lose that collateral. Does that make sense? Right? Darrin owns it and it’s going up, you’re losing this collateral. And on the way down, Darrin loses the the loss to to make that person have more money in that contract. So it’s it’s a simple contract, a smart contract, they call it where two people are locked into an agreement. If it goes up, one person knows if it goes down it the other person knows.
J Darrin Gross 14:08
So okay, so you explain how to make a market? How many markets do you have to date?
Trevor Bacon 14:17
So we started off, we just entered our alpha stage with with our community, which is a closed test. It’s the markets that we currently have our Miami, Los Angeles, Manhattan, Brooklyn, Phoenix and San Francisco. And we’ll probably be adding three to five more in the coming months and then we are also looking to expand internationally. International data structures are obviously not as they’re more fractured and there’s language hurdles to we need to overcome and In various data cataloging is there’s different rules in different countries. So luckily, the US is a pretty large country with one kind of set of data that we can use. But we’re very excited about our international rollout.
J Darrin Gross 15:17
This is fascinating. So somebody investors, I assume, in what’s, what’s an average market? To to establish a market? What kind of capital or equivalent Are you? Are you it doesn’t take to create a market? Like to start Dallas?
Trevor Bacon 15:40
Yeah, yeah. So we have. So there’s ways to incentivize to begin that, you know, kind of the cold start pool of liquidity in Dallas, for example, we have committed capital that are going into the various polls, it’s scaling up. And we will, as we enter new markets, follow similar protocol to get capital into the system, you can do that in various ways you can get it, you can start slow, you can incentivize people that come in. And then we’ll also do our best to release markets that are attractive to to users, like try and facilitate demand, both organically and then also from us in the community, so trying to take feedback of where people want to get exposure to if it’s Dallas, Austin, Chicago, Paris, we want to know that and then cater to where people want to have their exposure, real estate exposure. So basically,
J Darrin Gross 16:47
is it a function of whatever you feel like the demand is going to be as how you capitalize it? Or how do you?
Trevor Bacon 16:55
At the very beginning, you’re saying, right, yeah, so at the very beginning, we’ll try and seed markets with some liquidity. So if just the way it works, if you’re making a market, for example, and there’s a lot of trading volumes, that’s a very high return, because you’re getting fees. So if there’s a very high return more people, like economically speaking, more people will come in and provide liquidity drive that return down. So it is the the earlier you are to a liquidity pool, the higher your return will likely be and that just economically speaking, that gets diminished over time, into a more stable rate. And so yeah, so I would say like, at scale, like we’re kind of when we’re open to the broader public, we’re looking to have call it like one to 2 million at the start and each pool.
J Darrin Gross 17:50
Gotcha. Gotcha. And pricing the market. The data that you’re using, you mentioned about the lag. And but I would assume like I know just a little bit about I mean, this almost like IPO kind of stuff from the standpoint of when you start a market. Yeah. I and excitement to get into it. So I’m kind of curious on the pricing, is, is most of the initial trading, just speculative? I mean, because like you said, as as the market matures, you get more of a stable thing is it I mentioned fascinated me to think about starting to market trying to get interest in recognizing the majority of the return that investors are getting is based on the transactions. Is that correct? Or, I mean?
Trevor Bacon 18:44
Well, there’s again, there’s kind of two sides, but you’re, you’re you’re you’re nailing the point. So there’s two sides. So the person just providing liquidity just cares about the transactions, the trainer or the or like the investor is cares about that price Return of the asset. Does that make sense? So like Zacks, or Morgan Stanley, they don’t really have a view on what Apple is going to do. They just want to make they want more trades, or there’s market maker who just sits there puts capital there, it’s passive income, and they’re getting fees. The person trading has a view on the underlying which they want it to either go up or down. And so there’s kind of those two dynamics. But to your point, it is interesting how in each market is very much like you’re running the gamut of like equity issuance, right? Like when an IPO comes public, there’s only buyers because there’s no stock to short, the employees can’t sell it for six months. You can’t locate shorts, so it probably is at the very beginning a very much akin to that. So putting it out, you’re going to have a little bit of a off pigness to like the underlying price and we We are facilitating or we’re working on different ways to have short like natural shorting, which would basically be and you’d borrow or created just like a regular stock market where you borrow stock, sell it, you get the capital, and then you have some margin under it to cover your potential losses plus the returned stock. So we’re working oops froze her markets, or that
J Darrin Gross 20:37
you froze just for a second, you said you were working on it you
Trevor Bacon 20:41
We’re working on ways in which to create capital efficient shorting mechanisms so much like I think I think you got me on the stock part. But basically, you borrow the Parcl sell it, it sits in a contract with the cash and collateral, and then you you have to return that whatever the gains are, for four, to close out your position.
J Darrin Gross 21:12
And so is there anything that the market maker, the people that are basically set to, you know, incur, or I guess, charge the fees? Based on the on the trades? And that, is there anything that prevents them from participating in the market? I mean, one of the things I’ve kind of come to recognize is that the big money on Wall Street, they make money buying and selling because they recognize the position. They’re big enough to create a position up or down or whatever. Is there anything because there’s a blockchain? Or just Parcl? Is there any of guardrails or whatever? Or is there as transparent as far as who’s doing what or is it? Because I’m just kind of think like, in an initial market, everything’s a buy? Yeah. And you get to a point where somebody’s trying to sell and if you’re the guy that put up the capital, and you’re basically losing as it goes up? I’m assuming you’re waiting for it to go down to make back some of your money based on the, the the ying and the yang of that, is that. Does that make sense?
Trevor Bacon 22:22
Yeah, so there are no restrictions with respect to if who can use so the protocol is, is permissionless. We are, you know, being conservative with regulatory regions, like where we’re rolling out, just given some lack of transparency in many, many countries. But broadly speaking, it’s permissionless. So if you provided the liquidity, you could also trade if you wanted to. And eventually, what we’re aiming to do, hopefully, in the next several months, is you could also create, like, much like a stock market, if you have shares and someone borrows them to short you can earn a return on that too. So it’s kind of like your cost to borrow in a regular short market. So we want to be able to create an infrastructure where if you own the Portland Parcl, you stake it in a pool, such that someone can borrow it and short it. And that’s another way to get return on in the system in charge fees.
J Darrin Gross 23:36
It’s fascinating in just the the positioning I think that you know, if you’re a traditional real estate investor, you’re thinking about all of the particulars to a particular property. Obviously, it’s tied to whatever the market value is or what the market sees and how you believe that you can change the value or increase the value and kind of an exit whereas this is kind of fascinating from just a it’s a standpoint of you want to participate in a market but you’re not necessarily you know, finding a particular property it’s more about a an overall market the appeal to the mass market meaning that you get in and there’s a lot of interest in you get in you can you can make you know make an upside and I’m assuming just based on the blockchain there’s an easy entry exit from that particular market so if you got into say a Dallas when it first started and you wrote it up, you could get out and find another market and get in and
Trevor Bacon 24:43
Yeah, exactly. Yeah. The goal it’s like a liquid exposure obviously in hard assets right like a lot of the opportunity is buying it at the right price. You know, fix it or however you you can, you can ride the neighborhood demographic as it changes, and if you think that’s good, from an economic standpoint, you could also do work and then flip it to get return, right? Obviously, those are great ways to invest in earn, earn return in this in this specific type of instantiation of real estate, it’s more like, you can trade these same kind of economic shifts in the areas, eventually, we want to have leverage. So it’s not so dissimilar from actually, maybe, you know, it’s not as much of a binary like, I think real estate is great, because you can take leverage and those returns are levered, you could do that here as well and then have immediate liquidity when you want to sell and, you know, kind of rotate into a different region, if you think it’s petered out, you’d also be able to short so you’d have a relative value. I like Portland, and I don’t like San Francisco, and you could play that trade. So it’s, you can see kind of traditional Wall Street structures being formed around the real estate price action.
J Darrin Gross 26:10
So how directly correlated or coupled is the physical asset that market to Parcl in in the digital market. If if, I mean, obviously, when you when you price it to begin with, you know, you’re I would assume you’re trying to mirror what the the actual market is. But if you have, you know, speculation, just because of Parcl being something new, and people can get in and get out, and they run the price up, but yet the actual physical assets, not necessarily in the same, you know, the ability to run something up or down, it’s not as instant. Is there any kind of correlating factors, it is basically just buyers and sellers in the marketplace?
Trevor Bacon 26:58
Yeah, so there is a, there’s something that we call the peg, so the peg is the price at which, if we’re gonna go back to the stocks, but it’s kind of like the issuance. So you collateralize it at the peg, the peg is a representative price of on the ground Real Estate. Today, it updates every day. So imagine a more robust index that is taking into account various, you know, obviously publicly available data, but to get you to a representative price per square foot. And that’s like the partial price. So you can always mint a create assets at that price. There’s various ways in which to drive the price down, you can mint and sell. You could mint and provide liquidity and add liquidity around certain price points. And then yeah, so we do anticipate that initially, as these markets do get off the ground, you’ll have some floating away from that that price. But you know, I think that’s, that’s similar to most markets, right? Again, if we started with just one stock, for example, you’re issuing it, you’re it’ll be it’ll deviate from like the intrinsic value, just simply because of the imbalance of buyers and sellers. We are working on different ways in which to create more fluid systems to have that natural balance. And then over time, it becomes hopefully an efficient market. So this is the price right? We have our reference price, you can you can issue at that price. But if if we creat can create a creative market with enough liquidity and enough selling and buying, we that becomes the price and then it can be off peg because it’s a smart market. And that over time can actually inform on the ground decisions with respect to pricing transactions and other types of real estate data outlets.
J Darrin Gross 29:01
Got it. So if I understood right, right now you’re basically in a beta mode. Are you is this active for
Trevor Bacon 29:08
Yeah, it’s active and live a lot of blockchain. We are in a yeah, basically, we call it an alpha. But it you know, for all intensive purposes, it’s a closed beta, where we have like a sort of small subset of users trading real dollars. We’re super thrilled with the initial momentum. And we’ll be opening it up over the coming weeks, to just a broader set of of users.
J Darrin Gross 29:37
I think it’s fascinating, just the, you know, what are the things I love about the digital age, it’s just, you know, all of the opportunities and people like yourselves that are creating, you know, opportunities that previously had not been that it’s just it’s incredible. So, as far as like investing in a physical asset, you have the opportunity to Like I said, if there’s leverage, you’ve got some interest, right off and, you know, depreciation some tax advantage kind of things. I’m assuming that’s not necessarily the case. With this, am I missing that? Or is there? Is there any correlation or opportunity?
Trevor Bacon 30:18
You know that right now, I do think there’s ways to there’s various ways in which you could tax loss harvest on, if you were to be really savvy with respect to the viewer, okay. Being short or taking a loss in this vein as to tax loss, harvest your view on the market, right? Like, you can’t, you can’t, your house can’t do that for you. So there are different various, there’s, there’s savvy ways to do it. But there, you know, for the kind of the, you know, natural flow there today, there’s not in the future, you know, the regulation pretty is pretty. No, the framework for digital assets, has yet to be truly developed. So we hope that we can help influence that. And I think, hopefully, we can figure out a way in which to have that as part of the future. You know, I do think generally speaking, institutions are buying more houses, making it harder for the younger generation to actually participate. So just because they can’t participate, that kind of weeds them out, right, they’re excluded. Today, actually, Blackstone, I’m pretty sure it was Blackstone announced that they were raising a fund to buy 1 million houses a year, there’s a shortage of houses in the country. So now all of a sudden, you know, you’re pretty much either stuck renting from Blackstone and institutions, which means you’re short real estate, right? Because when prices go up, you pay more rent. So it’s, it’s falling on the consumer, especially the younger consumers. So, you know, I think for equity or inclusion, having ways in which other people can participate in real estate such as this, but also get those structural benefits that traditional real estate offers, which is tax write offs, depreciation, etc. should be considered by policymakers, I think.
J Darrin Gross 32:24
Agreed. So what was the first market you guys opened in?
Trevor Bacon 32:29
So we launched at six total, Miami, Brooklyn, Manhattan, San Francisco, Phoenix, and Los Angeles.
J Darrin Gross 32:39
And how long have you been live? One week? Oh, really? Seriously? Lap. Right. Okay.
Trevor Bacon 32:45
Well, live. So we’ve been developing this for over a year. So it’s taken a lot for us to get Sure. So yeah, we’ve done we’ve done three test nets with like, what the like fake dollars. Now we’re live with real transactions and data that unveils a new set of opportunities, and, you know, things to deal with, but we’re very pleased with how it’s evolving.
J Darrin Gross 33:11
So I’m curious, the test dollars, where it’s not real money, as opposed to the now you’re live, and it’s real money? Do the two scenarios do they track? Or are you finding that behavior slightly different with real money?
Trevor Bacon 33:31
So we didn’t get the meaning gate means like, we didn’t close the test. Net two is a subset of people. So really, we’re dealing with like, 100 to 200 people, which is where you know, and that’s like, our community that we’ve been building over the last, you know, six or so months. So those are like our patient users, they can tell you when something’s not working, they can put the you know, they can, you know, call you out if it’s on Twitter, if something is broken. So, you know, I think some of the behaviors that we’re finding are Brooklyn, like some of the smaller demographic areas, like Brooklyn is a hit, Miami, Phoenix, like these areas are pretty high in demand. Again, it’s a small sample size, so we need to understand exactly what’s driving that, but we’ll do we’ll do more testing to figure out like, what exactly is behind some of the demand drivers and then keep catering to those specific products?
J Darrin Gross 34:32
Yeah, it’s, it’s fascinating, again, just the concept and the application and just, I didn’t even thought about how social media, Twitter, you know, Vav being attacked on Twitter or not even PAC but I’m just there’s, there’s, you know, there’s a lot of talk on social media that would attract and, and provide movement or opportunity for movement in Ademar Get. I mean, to me that’s that’s fascinating kind of magic in my my son, gamer, he was all excited about GameStop. Back when I was like, exactly. Look at the fundamentals everybody that’s yeah. But fascinating. Hey, Trevor, if we could, I’d like to shift gears here for a second by day, I’m an insurance broker. And I work with my clients to assess risk and determine what to do with the risk. And there’s three strategies we typically consider, we first look to see if there’s a way we can avoid the risk, when that’s not an option, we’ll see if there’s a way we can minimize the risk. And when neither avoid nor minimize our options. And we look to see if there’s a way we can transfer the risk. And that’s what an insurance policy is. And as such, I like to ask my guests, if they can look at their own situation, could be their clients, investors, the market political, social media, whatever you consider to be the biggest risk, and just again, identify it, and then explain why you consider it to be the biggest risk. And again, for clarification, while I’m an insurance broker, I’m not necessarily looking for an insurance related answer. And so if you’re willing, I’d like to ask you, Trevor Bacon, what is the biggest risk?
Trevor Bacon 36:27
Great question. Yeah, aside from the table stakes, which is just execution that we’re focused on every day, I think there’s their security is the security and transparency is something that we take very seriously. And we obviously identify that as, as a risk point, both for the actual product, but also for our community and reputation. So we take security on both the data side and the blockchain side. Very, very seriously. We’ve had multiple, multiple audits, we have audit firms on retainer, to make sure that every line of code is audited before we put it on the blockchain. And expose it. So that is something that we view as a risk, we do our best to manage it. And as you say, mitigate it through checks, protocols, just time spent in development. And then that’s something that we’ll continue to make more robust as we expand.
J Darrin Gross 37:35
It’s fascinating. And again, just the, the risk you face and you know, what you have to do to control?
Trevor Bacon 37:42
This is an industry, you know, that question is, it’s very, it’s very applicable to crypto, generally speaking and blockchain. So you know, we’re basically you’d have a field day here.
J Darrin Gross 37:59
Oh, no, I’m sure just, you know, cyber and just between what you’re, you know, the product you’re creating, which is, you know, essentially the code so that the users can, can interact. And just to be aware of all of the, the things you got going there a lot of balls in the air there. So that’s Yeah, that’s great. Yeah. So hey, Trevor, where can listeners go if they’d like to learn more connect with you?
Trevor Bacon 38:24
Yes, we’d love to connect. Twitter is our main medium. It’s Parcel pa at Parcl pa RCL. To verified account, so there may be others. But that’s the one. You can find us it. Parcl PRC. l.co. Our app is app.Parcl.co. And we’re also on Discord. Just search for Parcl in in the discord app. So yeah, we’d love to hear from you and get your feedback.
J Darrin Gross 39:02
Awesome. Well, Trevor, I can’t say thanks enough for taking the time to talk today. I’ve thoroughly enjoyed our conversation. We’ve learned a lot. And I look forward to doing it again soon.
Trevor Bacon 39:15
Darrin, thanks a lot for having us. We really appreciate it. And thanks for all the Conquerer insightful questions.
J Darrin Gross 39:21
My pleasure. For our listeners. If you liked this episode, don’t forget to like, share and subscribe. Remember, the more you know, the more you grow? That’s all we’ve got this week. Until next time, thanks for listening to Commercial Real Estate Pro Networks, CRE PN Radio.
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