The Fort #313 - Sean Dalfen - CEO @ Dalfen Industrial - Investing in Industrial RE Across North America
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Oct 10, 2023 Sean Dalfen, CEO of Dalfen Industrial, talks about the state of construction, predictions for the DFW market, robotics implementation in industrial spaces, industrial outdoor storage, and the evolving supply chain. He also shares his thoughts on Amazon and the criteria for buying deals in industrial real estate.
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Market Concerns in 2022
- Sean Dalfen sold stocks in May 2022 due to inflation concerns and lack of faith in the Fed.
- He preferred the stability of real estate over the perceived volatility of the stock market.
Construction Challenges
- Construction costs remain high despite decreased construction activity, impacting project timelines and profitability.
- Lead times for essential building components, especially electrical, remain extended, further complicating projects.
Long-Term Investment Strategy
- Reduced construction activity creates opportunities for long-term holders to acquire properties below replacement cost.
- Current market conditions favor buyers who can weather the storm and capitalize on future rent increases.