Stephen Bailey, Senior Managing Director at JLL, joins Chris again to discuss the current state of capital markets and the ideal situation for sellers going to market - hint: Low WALT. They also dive into land prices, forwards, and cost to construct and how the demand continues to rise, despite the volatile market. Enjoy!
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00:38 - The State of the Market Post-2022 and Where Stephen Sees the Opportunity
04:41 - When did you start noticing volatility in the market?
06:27 - How are capital flows reacting to this?
09:30 - Are Lenders getting hesitant?
12:10 - The State of the Capital Markets
13:22 - How many buyers are shifting their focus to industrial from other assets?
16:17 - What due diligence do you conduct on a buyer?
18:00 - What are some interesting terms you’re seeing in leases?
20:55 - How is Texas performing compared to other hot markets?
22:13 - Thoughts on Amazon
24:58 - Thoughts on Large Industrial Tenants & Development
30:54 - Land Prices
32:34 - Construction & Loan Rates
33:29 - Class B Industrial
34:51 - Forwards
35:55 - Thoughts on Industrial Outdoor Storage
39:04 - What happens to debt when you get above a certain purchase price?
40:56 - How Fort Capital is applying what Stephen is seeing
52:34 - Final Thoughts