Key Takeaways:
Industrial and retail properties are recommended asset classes to invest in currently, while multifamily, office and hospitality face challenges.
Flex industrial properties can still make sense to develop since demand is high and projects are pre-leasing.
Deal structures can be creative, like carrying back financing from sellers, to make deals work in the current environment.
Networking to find investors is important, and skills like deal sourcing and underwriting are valuable to bring to partnerships.
Highest and best use analysis through a yield study can help identify future redevelopment potential on a property.
Environmental reports are a cost of doing business when purchasing land, and negotiations may be needed over who pays.
Building on leased land long-term is generally not recommended due to not owning the underlying asset.
https://www.tylercauble.com/podcast/episode156
The Commercial Real Estate Investor Podcast