Sourcing Deals
What is the best ways to source deals? I have been given the task to start sourcing deals with a minimal network in CRE.
[{"id": "eu331jl", "text": "Vague post. What kind of deals? Value add office Acquisitions? Agency multifamily debt originations? Retail tenant rep agreements? Industrial landlord listings? Third party management agreements?", "replies": [{"id": "eu35bvl", "text": "I work for a fund that focus on value add in the southeast. All asset classes. Interested in retail as of late.", "replies": [{"id": "eu35r6r", "text": "I would start by meeting with brokers, getting on their distributions lists, and keeping a pulse on the market. Maybe try to get an intro to a few sellers and see if you can wrangle in anything off market.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eu334ag", "text": "What\u2019s the asset class? What type of deals? I.e investment sales, debt brokerage, LL rep, tenant rep", "replies": [{"id": "eu35e6j", "text": "Value add- all asset classes working with a fund. Some development so land is in play as well.", "replies": [{"id": "eu36acc", "text": "I\u2019m guessing you have access to CoStar? I\u2019d run a survey for class C properties in the markets you are targeting and reach out that way. Obviously reach out to brokers if you haven\u2019t already and search on CoStar/LoopNet for properties/land parcels that *are* actually for sale.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eu3u2vo", "text": "Network with old ass accountants and old ass lawyers who have old ass clients who need (not want, need) to unload their portfolios of slightly run down, massively underpriced and underzoned, month to month, property.", "replies": [], "depth": 1}]