Whereas investors in REITs must give up control over the particular properties their money goes into, direct investors can form “mini-REITs” of their own composition.
“I think the most common mistake is when a high-net-worth individual thinks that this is an easy business. People don’t surround themselves with professionals who know the business; they try to do it themselves.”
"I had a cup of coffee with Nick (Schorsch) at his home about a month ago, and he looked at me and said, ‘I think you can save me six hours a week.’ For a guy like Nick, that’s meaningful."
While many managers may talk about finding high quality, diamonds-in-the-rough-type investments, for managers in the commercial real estate space, the best finds are those that have been tossed aside—the fixer uppers you might say. Distressed ...
