Moving from Multifamily to new CRE asset class in California?

[Nathan G.]

I've had great success with both a 6-unit and 14-unit value-add multifamily deals in Long Beach, CA. 

With the continuing regulatory jungle of California, I'm looking to other commercial RE asset classes, in California, that are the next best transition for value-add investments. 

We invest with our own capital, no syndications. 

I'm interested to hear from anyone who has transitioned from multifamily to a new asset class, specifically for value add deals.

We like 1-3 year hold periods, in which we are at least doubling our equity invested in that time period. 

Thank you and looking forward to any thoughts!