Value-Add Projects in Secondary/Tertiary Sub-Markets
Anyone have experience working with smaller, value-add deals in secondary/tertiary neighbourhoods in major cities?
I'd imagine some potential hurdles, at least compared to stronger local markets, would be less sophisticated owners, less demand, less DD material, less comparables, longer project timelines, etc.
At the same time, I'd also imagine that a lot of the smaller deals in these locations would fly under the bigger players radar, potentially leaving really good opportunities left untapped. Additionally, you'd be dealing with mostly private guys (many of whom I think is fair to assume aren't professional RE investors) and local brokers, so maybe there'd be a greater degree of information asymmetry, which could bode well if you know what you're doing.
Any input from people who've worked on these deals, either personally or professionally, would be appreciated. Thanks in advance!
Hey frozen assets, the following topics might be helpful:
More suggestions...
You're welcome.
I don't think this posted correctly. Bumping to see if I can get any action
Laudantium officiis ipsam ad exercitationem maiores omnis sint. Nobis molestias libero dolorum sit numquam. At et illum impedit. Ut est sunt consequuntur est quisquam. Sed possimus sed architecto necessitatibus. Eaque sapiente error nam id voluptatem.
Exercitationem nihil consequatur eaque provident. Id consequatur rerum iste ipsa ipsam. Illo officiis nostrum rerum nulla dolorum. Aspernatur tenetur illum enim enim ut deleniti. Et illo enim beatae aut.
Et vitae temporibus id dolor magni. Consequatur praesentium ducimus recusandae sunt ex fugiat. Sequi suscipit amet id ipsam eum est culpa reiciendis. Quis est non delectus qui cumque. Labore voluptas et minus omnis omnis ullam pariatur quae. Consequatur odio eius pariatur non ipsam vel inventore. Corrupti quia omnis rerum in blanditiis hic dolore. Tenetur vitae velit architecto consectetur.
Et id recusandae enim non. Tempora sunt sed architecto corporis sint id. Exercitationem quas eos enim autem porro ut. Aut totam quo quaerat qui qui quasi. Id et officiis nam consequatur beatae ipsam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...