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June 21, 2022

Episode 22 - Industrial Real Estate - Creating Value in Chicago

Episode 22 - Industrial Real Estate - Creating Value in Chicago

In this episode of Purpose-Driven Wealth, your host Mo Bina sits with Joel Friedland to talk about the uniqueness of industrial real estate in comparison to residential. Industrial real estate, normally, doesn’t interact with the public in a way...

In this episode of Purpose-Driven Wealth, your host Mo Bina sits with Joel Friedland to talk about the uniqueness of industrial real estate in comparison to residential. Industrial real estate, normally, doesn’t interact with the public in a way that residential assets do. This same reason is why it’s challenging for most to get into the industrial market. Here, Joel discusses the types of businesses that make industrial real estate what it is, what Warren Buffett’s circle of competence is all about, why first-time investors are concerned with single-tenants, his different approach to mitigating risk, and more. In this episode you will learn:
  • Industrial real estate houses very unique businesses
  • It’s hard to go wrong in a market that you know down to the littlest detail
  • Why you shouldn’t put all your money into one industrial property
  • What is The Society of Industrial and Office Realtors?
  • What is a dutch auction?
  • and so much more!

About Joel Friedland:

 

Joel has a 40-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. His greatest accomplishment is maintaining valued relationships spanning five decades.

 

Joel attended the University of Michigan. He enjoys spending time with his family in Deerfield and in the great outdoors.

 

Follow Joel Friedland on:

 

Website:          https://britproperties.com/

 

Connect with Mo Bina on:

 

Website:          https://www.high-risecapital.com/

Medium:          https://mobina.medium.com/

 

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:
https://www.high-risecapital.com/resources-index