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Are You a CRE Beginner? Commercial Property Types and What You Need to Know: A CRE Educational Series

Monday, October 30, 2017

The real estate industry is a critical force behind the country’s economic growth. The following piece is part of an overall educational series for real estate professionals and individuals looking to get started in commercial real estate.

As the landscape of commercial real estate continues to change, it is important to brush up on the different property types and how they are looked at as a real estate professional.

 

1.       Multifamily- A multi unit property, occupied by residential tenants. This is considered the safest property type to own; everyone needs a place to live, no matter where technology takes us.

2.       Office Building- Technology has changed the landscape of office space. People work remotely and rent shared workspace. Office space in mixed-use properties are becoming popular. 

3.       Shopping Center - Retail has recently been getting a lot of bad rep, but we see strip shopping centers still going strong.

4.       Healthcare Properties- We see a growth in assisted living facilities to accommodate the aging baby boomer generation. These deals are generally more complex due to the nature of the property’s income.  

5.       Mixed-Use – The advantage with a mixed-use property is that the risk is spread over several markets.

6.       Industrial Properties- This includes storage centers, parking garages etc.

When leasing to a business you have the advantages of long term leases and the professional relationship, in terms of rent and management. Also, the tenant is usually serious about property maintenance.



ABOUT EASTERN UNION FUNDING: As the most trusted commercial real estate mortgage brokerage firm in the U.S., Eastern Union closes an average of $3.5 billion annually, with a market share far outpacing the industry. Working with over 100 lenders, we consistently close loans on multifamily, mixed-use, medical, single-tenant properties and properties in every category. To meet surging demand and assure the best service in the industry, Eastern Union funnels deals through a one-of-a-kind QTS (Quotes and Term Sheets) Division, guaranteeing our clients the absolute best terms by having the QTS team initially processing and following up every deal thereby advising lenders by knowing the appetites of every bank our brokers deal with, company-wide.  

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3839 Flatlands Ave #211
Brooklyn,  NY  11234 
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481 Oak Glen Road
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