153: Inside Industrial Real Estate: Joel Friedland’s No-Debt Investing Wisdom

PassivePockets: The Passive Real Estate Investing Show

Join us on the latest episode of Passive Investing from Left Field, featuring industrial real estate syndicator Joel Friedland.

With over 40 years of experience, Joel shares his insights on the significance of due diligence and how understanding tenants and real estate taxes is crucial to the success of real estate deals.

Discover why their company opts for all-cash deals with no debt and learn about the priorities set for tenant selection to ensure stability and security. Gain knowledge on how important neighboring businesses can impact your property's value as Joel walks us through the responsibilities of landlords for building maintenance and insurance.

Dive into this informative session that sheds light on the appeal of industrial real estate for pension funds and the unique investment approach adopted by Joel Friedland. Don't miss out on this enlightening conversation that will change the way you think about industrial investing.

About Joel Friedland

• Joel Friedland is an industrial real estate syndicator with over 40 years of experience and nearly 100 acquisitions in the Chicagoland area totaling ~3 million sq ft. He has north of 200 investors and has a unique philosophy when it comes to debt ratios and preservation of capital. Day to day, he manages his portfolio of 16 industrial buildings in Chicago and is actively seeking new deals and partners to join our group.
  

Here are some power takeaways from today’s conversation:

01:47 His real estate journey

06:25 Transitioning from being a broker

11:02 Did he branch out and come back to Chicago?

13:31 How he deals with concentration of risk as a company?

16:53 What he is responsible for vs what his tenant is responsible for.

18:26 Pros and cons of doing deals with no debt

23:53 Tenant selection

27:40 The biggest risks when investing in industrial real estate

33:33 How does an LP vet his company?

38:05 Metrics that LP investors can focus on when evaluating one of his deals

39:56 His exit plan

45:00 How does you come to an agreement on price

47:04 Podcast recommendation

47:51 Contact

48:30 Thank you for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

Podcast Recommendations:

Thoughtful Money https://www.youtube.com/@adam.taggart

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