Real estate investors come in all types, from hands-off net lease buyers to management intensive multi-tenant properties. Some prefer retail, others prefer industrial; some like office while others like land.
My point being – adjust your expected ROI by the type of property and the amount of risk you are willing to undertake with your assets. Low risk begets lower returns; high risk should produce higher returns.
“Value-add” can translate into lease-up of vacant space, infusion of a lot of capital with renovations or even a total “adaptive reuse” of the opportunity.
Tell me what you like, and we’ll find it.
– Steve Massell, Massell Commercial Real Estate