JF3107: 3 Rules of Industrial Real Estate ft. Joel Friedland
The Best Ever CRE Show
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We're long-term holders and our first choice is always to renew the lease with the tenant that's in the building. Nine out of ten of our tenants renew because they're what we call sticky tenants. When a tenant doesn't stay, we put it on the market for sale or for lease. We don't put on an asking price for sale though. Because if we find a neighbor, the building is worth 30 to 40% more to that neighbor than it would be to anybody else.
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