Wayne Courreges IIIManaging Principal, CREI Partners, CREI Partners, CREI Partners, LLC · Disciplined Passive Real Estate. Transparent Leadership.

CRE Investor Joel Friedland on Resilience and the 2008 Recession

Name: CRE Investor Joel Friedland on Resilience and the 2008 Recession
Uploaded: 2024-05-03T21:02:58+00:00
Duration: 54 s
Channel: Wayne Courreges III
Description: This content was created by Wayne Courreges III, CPM®. This content was uploaded by Wayne Courreges III, CPM®. This is a YouTube video titled "CRE…

3 May 2024 · 1 min

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This content was created by Wayne Courreges III, CPM®. This content was uploaded by Wayne Courreges III, CPM®. This is a YouTube video titled "CRE Investor Joel Friedland on Resilience and the 2008 Recession" (created 2024-05-03). The excerpt is an English monologue by a commercial real estate investor (Joel Friedland) describing perseverance during the 2008 downturn, investor feedback, and the importance of rigorous due diligence—identifying potential failures like HVAC systems and aging roofs. The content appears to be part of an interview or talk about resilience and investment practices in CRE.

Chapters

Perseverance was like the word, word of the decade for me, and I was able to bring everything back. When things got better, my investors called me and said, you did things that our other sponsors didn't do. A lot of them went bankrupt and just started over. And I appreciate how hard you've worked to bring it back, but it still hurts today. And that pain is what drives me to do my due diligence differently. I. I've. I've listened to your theory on due diligence about being super careful and making sure that you account for things that might go wrong that you haven't thought of yet, like the H Vac system that has to be replaced, or a roof that may be older than it should be in terms of counting on it not leaking in a few years and things like that.