All-Cash Deals: Mitigating Risk in Industrial Real Estate
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Joel Friedland is an industrial real estate veteran with over 40 years of experience. In this episode Joel shares his insights on the industrial real estate market, explaining how he focuses on B and C industrial buildings, which are older and have lower ceilings than modern warehouses. He discusses the high demand for these types of buildings, particularly from manufacturers, and how he often sells them to users at a premium. Joel also shares his strategy of doing all-cash deals with no mortgages to mitigate risk.
WHAT TO LISTEN FOR
2:33 Why the workforce is so important in the industrial business
5:02 The value of B and C industrial buildings
10:22 The impact of the internet on industrial real estate
35:06 Joel and Scott share their experiences with development and redevelopment
ABOUT JOEL FRIEDLAND
Joel's entrepreneurial journey began at 14 when he ran a landscaping business, managing the yards of 70 families and employing 40 students. He later founded a brokerage firm overseeing 20 brokers.
Over four decades, Joel has participated in nearly 100 acquisitions, amassing about 3 million square feet and raising over $250 million in private capital. Currently, he manages an 18-building industrial portfolio, emphasizing low-risk, cash-flow-centric investments.
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