BIGGEST RISK with David Goldfarb

Commercial Real Estate Pro Network

J Darrin Gross

I'd like to ask you, David Goldfarb, what is the BIGGEST RISK?

David Goldfarb

So if I'm going to, if I'm going to make this unrelated to let's say, insurance or to anything, from an operational standpoint, I think the biggest risk that we're seeing, or at least I'm seeing in these in picking these locations, is you don't want to go into a location where the mall operate. Operator is like a Slumdog real estate mall operator. So you want to avoid that at all cost. And even though you have a separate entrance, leading into your building, the fact that you're going into a mall, where they are basically treating the property as if it was a warehouse, so to speak, not the way the Simon properties do not the way Washington prime group does. Not not the way you know, some of these, you know, other large mall operators run in this type of environment, I would avoid at all costs. So So you know, there are there are certain certain players out there, and I'm not gonna mention names. But there are certain players out there that have been buying distressed moles. And if you happen to buy a piece of property that's attached to that distress mold, the way they run their operations really is it's unfortunate, because when you're attached to what I would call almost a bad neighborhood, if I'm referencing that, no matter how nice your house is, you're still in a bad neighborhood. So that's what I would avoid at all cost.