Building a Multi-Tenant Industrial Portfolio with Peter Mork
Key Takeaways:
Lenders like brokers and investors to have a deep track record in their product type because lenders know that you have the skills to figure out asset level issues
Market knowledge mastery is powerful in putting deals together, building investor confidence, and raising capital.
Institutional capital has have come to secondary markets in search of yield
Make sure you have the right partners when you are raising capital so that you can ensure an alignment of interests, investment horizon, and strategy.
Line of credits have a place in starting a portfolio and for ongoing discretionary funds but they must be used strategically and in line with the bank’s wishes.
Metal multi-tenant industrial projects are acceptable on a one-off basis but have not yet been accepted by the institutional capital community
Here is a 2-minute clip from Industrial Insights Podcast with guest Peter Mork.
Listen to the full episode below and subscribe to the podcast on Apple.
Highlights
His early deals – 5:09
A fantastic first deal – 8:16
Warehouse automation – 10:11
Cash and cash – 19:36
The ability to control risk – 22:09
What to do to win a deal – 23:14
Taxes will affect us more in 2022 – 25:39
A platform to evaluate real estate – 27:59
The best time to sell – 31:12
Episode Resources
Connect with Peter Mork
https://www.capitalpartnersmn.com/
peter@capitalpartnersmn.com
Connect with Justin Smith
https://smithcre.com/
https://www.lee-associates.com/
jbsmith@leeirvine.com
https://www.linkedin.com/in/justinbsmith