The Episode Every Industrial Real Estate Investor Needs to Hear...
May 29, 2024
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Industry veteran Joel Friedland shares insights on industrial real estate investing, including due diligence, property taxes, and market shifts. He discusses challenges like syndicating deals and the importance of physicality in real estate evaluation.
Due diligence is crucial in industrial real estate acquisitions to avoid costly pitfalls.
Adapting to market shifts and trends is essential for success in industrial real estate investing.
Deep dives
Joel Friedland's Journey in Industrial Real Estate
Joel Friedland, a 64-year-old industrial real estate owner from Chicago, shares his beginnings leasing buildings for a family industrial business with 84 properties. After a decade, he left to start his own company, focusing on syndications, brokerage, and property management. Transitioning from a family business to entrepreneurship, Joel's experience highlights the challenges and rewards of building a successful industrial real estate portfolio.
The Evolution of Industrial Real Estate
Industrial real estate has seen a significant shift, becoming a sought-after property type with rising rents and high demand. Joel explains the advantages of industrial properties, such as ease of construction and high lease rates. The rise of industrial real estate's popularity is attributed to its flexibility, efficiency, and ability to attract diverse investors looking for stable income.
Challenges in Syndication and Due Diligence
In a changing industrial real estate landscape, Joel discusses the challenges of syndication in today's market with lower returns and increased competition. He emphasizes the importance of due diligence in property acquisitions, highlighting essential factors like taxes, zoning regulations, physical property assessment, and potential hidden pitfalls. Joel's insight provides a valuable perspective for navigating the complexities of modern industrial real estate investment strategies.
How can you ensure success in industrial real estate investing amidst evolving market dynamics?
Join host Aviva as she sits down with industry veteran Joel Friedland to uncover the secrets to success in commercial real estate. From navigating property taxes to optimizing investment strategies, this episode provides invaluable insights for investors looking to thrive in today's dynamic market.
BY THE TIME YOU FINISH LISTENING, YOU'LL LEARN:
How to mitigate risks and maximize returns in industrial real estate investment.
The importance of due diligence in identifying lucrative opportunities and avoiding costly pitfalls.
Strategies for adapting to market shifts and emerging trends to stay ahead of the curve.
Chapters 00:00 Introduction and Background 04:41 The Rise of Industrial Real Estate 13:53 Challenges of Syndicating Deals in Today's Market 23:35 Navigating Property Taxes in Commercial Real Estate 29:32 The Fascinating Physicality of Real Estate
If you want to know more about Joel and his company, go to britproperties.com.
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