Chris Larsen breaks down why industrial properties in Southern California and Texas are attractive for investors right now. He focuses on warehousing and distribution, explaining how trade routes and transportation infrastructure make these regions valuable for real estate deals.
What areas do you look in now, Nick, for your properties? So on the property purchase side, we are extremely focused. We're extremely focused. We're only working in basically a tier markets for industrial Southern California. For all the problems that California has, which I'll be the first, I know the goods and the bads very well. California accidentally has some amazing drivers for a very strong industrial market overall. We also like Texas for the same reasons. There's amazing drivers for ports, right? You have ports. So international imports, exports, very well positioned for those. They're southern states, so they border Mexico, our largest trade partner in the United States. So if manufacturing south of the border and using Mexican labor costs, which is amazing, then you can invest in, you know, U.S. based distribution and warehousing. They have great networks, you know, of trucking, etc. And highway systems.
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