Industrial Real Estate Investor's Thoughts on the Market
Manage episode 455154938 series 3412214
Joel Friedland is one of my favorite people in the industrial real estate market.
I was pleased to have interviewed him a couple years ago and we were well overdue for a follow up interview.
In this captivating interview Joel provides a ton of insights into the state of the market!
About Joel:
Joel has a 42 year track record in industrial real estate. He co-founded Epic/Savage Realty Partners in 1991 where he oversaw hiring and mentoring 60 industrial real estate professionals, many of whom became his partners. His group sold the firm to an international real estate company in 2014 and Joel started Brit Properties.
As an industrial real estate broker and owner, Joel has secured over 2,000 industrial property leases and sales, totaling over $2 billion in transactions. His greatest accomplishment is maintaining valued relationships with brokers, tenants and investors spanning five decades.
He does fully syndicated deals with 0% debt, an unheard of approach in real estate which caters to his wealthy investor base primarily concerned with conservation of principal. His experiences during the Great Recession in 2008 have informed his investment approach to be hyper-conservative while still allowing an ~8% cash return, plus upside, for his investors.
Joel attended the University of Michigan. He enjoys playing golf and spending time with his family, particularly his three young grandchildren.
Connect with Joel:
(847) 345-5534
joel@britproperties.com
LinkedIn: https://www.linkedin.com/in/joel-friedland-sior-5508a791
Website: https://britproperties.com/
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