As an investor looking for higher risk adjusted yields, how can you find any decent returns in the market?
Industrial and MF caps are so compressed you need rental growth of 7-10% per year on a 3Y hold, in office you have to find a building where the tenants is essentially locked in. Our investors are used to us getting 10-15% CoC in pretty stable deals, now you are either risking your entire capital in renewals with office space, or incredibly aggressive in hot assets. Is the current market at an inefficient place for smart investors looking for income driven deals?
As an associate who is looking to build a pipeline of acquisitions, has anyone had any luck finding assets that have enough stability as well as yields?