If you were graduating in 2022 what asset class would you pursue?
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[{"id": "hmmmtld", "text": "Industrial", "replies": [{"id": "hmmmy7a", "text": "Do you think industrial has a lot more potential or is there another reason you\u2019d pick that", "replies": [{"id": "hmmpvgt", "text": "I have worked with brokers and developers in both, and the industrial brokers and developers are more professional and easier to work with, in part because they make a lot of money. \n\nIndustrial is the interface between the internet and real life and has a very bright future.", "replies": [{"id": "hmp9s4x", "text": "&gt; Industrial is the interface between the internet and real life and has a very bright future.\n\nThis right here.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hmmn59z", "text": "Own multi family and industrial", "replies": [], "depth": 1}, {"id": "hmmo9r2", "text": "2", "replies": [], "depth": 1}, {"id": "hmmpeil", "text": "As a broker, I get approached by developers looking for both MF and Industrial associates/analysts. There is a complete lack of talent for both because of overall demand. You really cannot go wrong in either asset class. It does come down to more about what you will be doing. Are you truly wearing a bunch of different hats and learning how to do different aspects of the deal - entitlement, capital stack, project management, asset managing, etc. I would base the next step on who I am working for and what I am doing rather than the asset class if those are the two choices.", "replies": [{"id": "hmmpl00", "text": "Makes a lot of sense.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmmveoe", "text": "Here\u2019s the difference between the two asset types: industrial involves analysis behind the tenant financial wherewithal, the lease type (FSG, MG, NNN) and terms, tenant improvements, leasehold commissions, etc. \n\nOnly under very unique circumstances is any of that considered in multifamily. \n\nWith that said, it\u2019s super easy to transition from industrial to multifamily.", "replies": [], "depth": 1}, {"id": "hmnlhic", "text": "Industrial for sure.   Long term leases and tenant specific deals (with capital investment )make for a more complex asset class.   There is nothing wrong with multi-family but I find that transitioning from resi to other asset classes is more difficult because you have a different skill set.", "replies": [], "depth": 1}, {"id": "hmnvyro", "text": "Asset classes of the future...maybe more niche but data centers, cannabis farms, etc", "replies": [{"id": "hmo2i3t", "text": "Nah if you want the asset class of the future you need to get into space stations.", "replies": [], "depth": 2}, {"id": "hmpgtkt", "text": "I'd be interested in finding property for cannabis clubs/ properties. I wonder how I got about getting started with that.", "replies": [], "depth": 2}, {"id": "hn1cza6", "text": "I\u2019ll add cold storage and life sciences to this as they are close cousins of the product type and will continue to grow more rapidly than the traditional warehouse/distribution(which also appears to have a nice future).", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmodzlk", "text": "Industrial, then multifamily, then office.\n\nIndustrial because it's hot at the moment and, depending on the product type (and size) you want to specialize in, no matter the economy, there's always some plumber working in his garage with his wife screaming at him about his staff coming in using her toilets and wants her husbands business OUT of her home.  You can always make a buck in that game.  Always.\n\nMultifamily should be obvious.  Everyone needs a place to live and, while I disagree that buying a home is too expensive (or \"*impossible to buy*\") these days, everyone has to live somewhere and more people are renting today than ever before.  It's a no brainer.\n\nOffice....because Chicken Little is *always* wrong.", "replies": [], "depth": 1}, {"id": "hmon9dh", "text": "Multifam. Industrial returns are getting squeezed with such heavy investment flowing into the market. Then again, in 12-24 months. It could be a completely different story, as it often is in this business.", "replies": [], "depth": 1}, {"id": "hmoxgzo", "text": "Multi-family, multi-family, multi-family.  I can remember when industiral was a dog with fleas, I can remember when retail was red hot (since cooled).  During all of that, multi-family was still a great performing asset class.", "replies": [], "depth": 1}, {"id": "hmqs14j", "text": "Multifamily hands down. Driven by demand.", "replies": [], "depth": 1}]