What is a "valueadd" strategy in real estate investment, and how does it contrast with an "opportunistic" strategy?
A "valueadd" strategy entails acquiring undervalued properties and enhancing their value through renovations or repositioning, with the goal of increasing the property's value and generating a profit. An "opportunistic" strategy, on the other hand, involves investing in properties perceived to have the potential for substantial returns, despite the associated risks, often due to unique market conditions or property characteristics.