Joel Friedland - Industrial Real Estate Opportunities

Key Takeaways

Industrial is the backbone of our country, really of the world. Everything is made in an industrial building.

Companies are coming back. It's called onshoring or reshoring where what they used to do overseas; they now need to do locally.

Real estate is a leveraged business for the most part.

You've got to have your back office. In my case, I've got two guys in my back accounting office that have been with me for 20 years.

Timeline

[02:24] Intro to episode guest

[03:41] One word that describes Joel personally and professionally.

[06:220] Provide a brief overview of your background, detailing your journey over the years, from your initial steps to your current role at Brit Properties.

[15:50] Do you just own your buildings and take care of all the maintenance and issues or are your tenants triple net tenants?

[20:04] So we have said that real estate's a leveraged business. Isn't your IRR or your return to your investors higher with debt on the property than it is when you're all cash?

[30:35] Let's discuss the real estate market briefly. Given that 2023 hasn't been an ideal year for real estate purchases, what has been your experience, and what are your insights on where the markets are headed in the next 12 to 24 months?

Contact

Email: joel@britproperties.com

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Mike Zlotnik - Diversifying Investments for Success

Key Takeaways

Real estate investment is not one size fits all; it's essential to find a model that aligns with your values and business approach.

Operating virtually in real estate is not only feasible but can be advantageous, leveraging technology and avoiding physical constraints.

Mezzanine debt provides equity-like returns with a safer position, offering a bridge for deals facing challenges like rising interest rates.

Prudent preparation involves considering multiple scenarios, both optimistic and pessimistic, to navigate uncertainties in the market.

Lesson number one, diversify. Lesson number two, diversify in time.

Diversify among many dimensions of diversification. Where you invest, location, who do you invest with, what kind of strategy.

Timeline

[03:26] Intro to episode guest

[05:16] One word that describes Mike personally and professionally.

[07:10] Let's talk a little bit about your background, and what you've done and how you got into the investment field and what that looks like for you today?

[13:05] Do you really like sponsors that are more vertically integrated or not?

[18:00] How's your team set up? How's your structure? How does your group operate?

[22:21] Is your team solely focused on raising capital, and what types of investors do you attract—individuals, family offices, or institutional funds?

[26:48] What's your market outlook for the next 12-24 months amid current uncertainties?

Contact

Email: bigmikefund.com

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