A LOT of distrress is leading to mergers and firings, in just the last few weeks, this happened: (Big credit to @NewsLambert)Lower to acquire Universal Lending retail and wholesale operations (11/1/23)Trustar Mortgage acquired by Archer Mortgage, LLC (11/1/23)People’s Bank of Commerce to exit residential mortgage lending (10/27/23)BMO Bank cutting 228 jobs in Northern California (10/25/23)Homestar Financial to wind down operations (10/25/23)City National Bank layoffs in Los Angeles total 71 (10/23/23)Hometown Lenders layoffs (10/12/23)First Savings Bank to lay off 135 mortgage workers (10/4/23)Wesley Mortgage absorbs competitor Colten Mortgage (10/4/23)Cenlar to lay off 85 in Ewing, NJ (10/2/23)Rithm Capital to acquire Computershare Mortgage Services Inc. (10/2/23)Wells Fargo cut 525 jobs in South Carolina (9/28/23)Better Mortgage lays off additional employees (9/22/23)The Graystone Company has acquired Direct Mortgage (9/13/23)Flyhomes to purchase certain assets of Home Sale Assured (9/13/23)Divvy Homes to cut 95 jobs in San Francisco (9/11/23)Farmers-Merchants Bank to sell three branches to focus on core mortgage business (9/11/23)It goes on…..The mortgage industry is in a starkly deep recession.And RIP refinances, unless you are holding an even higher interest rate loan (like a construction/bridge loan or hard money, or perhaps you just fixed your credit.

I concentrate mostly on site selection and data analytics for retail medicine. 

Industrial is still strong and retail is OK, at least the Amazon-resistent retail (most notably grocery stores, restaurants, etc.)

@Natalie StanleyI know to $1B funds with tons of assets in one LLCWe have about $60M AUM in one entityIf they were commercial properties then i would consider some segregation.For example last developer I worked with had a campus of 4 MF buildings, office building and retail center.

Our portfolio was built using retail purchases but I am considering looking at deals via wholesaling.

An example is a retail/service center I currently own with a couple of other investors.  

I just bought 3 properties for full retail a couple of weeks ago.

Multi Family, retail, industrial?

If you place anyone in a regular retail rental with inept investing or management styles you will encounter those problems no matter who you rent to. 

We have almost 70 properties now, from retail and bars, to 4 unit MFR, to SFR.