Pigeonholed into one asset class?
If I took a position doing underwriting/due diligence/acquisitions for industrial properties, would this pigeonhole me into doing industrial investing in the future?
Industrial is a good property type to invest in currently relative to others like multifamily and office, but I would like to be in a position to work in multifamily and office and other property types in the future. Would that be easy to do?
I'm sure others will have better opinions but I think that it would depend where you are at in your career. If you are just starting out and industrial is the only available option, I don't think spending a year or two there will be detrimental to your future career. You will learn the basics of underwriting, DD, pricing/sizing, etc that will be applicable to other asset types. I think pigeon-holing is a little over hyped here, but I'm aware it happens. But if you are just starting out in the industry, it really doesn't matter where you start, as long as you are getting solid experience that can be transferable to another role/firm.
agree with above. certain property types have their own nuances but it all boils down to the same thing....getting to your key metrics/returns (depending on which perspective you are looking at it)
I used to do industrial construction lending in the PNW. Think Amazon warehouses, UPS, FedEx all around the Tacoma port.
My favorite part about that business is the enormity. You'll be financing 1MM SF bombers. Concrete tilt up construction. Put up the whole structure in 14 months.
Let's talk about access. How many left turns to the facility? Time to thoroughfares. Cross Docked? L Docked? What's the max turning radius?
Cold storage component. Office component. Safety sprinkler ratings and lighting certifications.
It can be a lot of fun and it's the opposite of retail. It's growing.
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