Abdou of Friedland Realty: Expects to expand client base
November 24, 2014 - Spotlight Content
Name: Mia Abdou
Title: Associate Advisor
Company/Firm: Friedland Realty Advisors
Year Founded: 1970
Years in real estate industry: 44
Telephone: 914.968.8500
Email:
[email protected]
URL: www.friedlandrealty.com
Twitter: https://twitter.com/FriedlandNY
Facebook: https://www.facebook.com/friedlandrealtyadvisors?ref=aymt_homepage_panel
What are your expectations for the ICSC NY conference this year?
I expect to expand my client base and hopefully sell or lease a couple of buildings.
Are investors finding the types of properties that they want right now? Are tenants happy with the sites available to them?
It's hard to say, it's a case by case basis. Inventory with cap-rates that are investment worthy are scarce, however owner occupiers aren't so concerned with cap-rates at the point of their purchase.
Which segments of the retail market are delivering highest returns for investors?
Single-story tax payers are the targeted properties right now for either owner occupancy. Flex buildings are sought after by investors that want immediate returns with little management demands.