Many who think about investing in real estate think about the “do’s and don’ts” of the industry. Many think about every aspect of investing in a property, particularly the cost. The cost of renovating, making the property appealing, location, and budget are the topmost topics investors think about.
What is repositioning? We take a look at an article that explains repositioning. In it, it summarizes the term as “the process of changing the character, quality or purpose of a property.” Many heard of the term “urban renewal” when they think of cities like Cleveland and Detroit. The article states that urban renewal has been replaced with the term of repositioning. Repositioning a property can include a fresh coat of paint, renovations, or perhaps even repurposing the property altogether. Generally, the article goes on to talk about aspects of repositioning and gives tips and strategies on how to reposition a property and the importance of accepting budget limits. Additionally, it also talks about the payoff after repositioning. It also stresses on the importance of making use of online platforms to maximize presence as it is a growing trend in today’s market. Read the article at institutionalinvestor.com
The man behind the article is Gareth Henry. Having offices in London and New York City, Gareth Henry is a graduate of Heriot-Watt University, earning his BSc in Actuarial Mathematics and Statistics there. He is an expert in Private Credit and Hedge Funds. A few of his employment history includes being an analyst in 2001 for Watson Wyatt. In 2007, Gareth Henry was Head of International Investor Relations at Fortress Investment Group and in 2016 became the Global Head of Investor Relations at Angelo Gordon. Gareth Henry is a professional giving sound advice to those who are new and seasoned in the real estate investing market.