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Commercial Real Estate Lessons From Losing 200 Units in 2008 w/ Stewart Heath
Stewart Heath lost 200 units in 2008 by trusting the bank. Now he buys only boring, stabilized commercial real estate.
Stewart Heath is a CPA with more than 35 years of experience and a returning RealDealChat guest. Before 2008 he owned about 200 units across Nashville and Franklin, Tennessee, and he let his lenders' approval stand in for his own underwriting. Today his firm buys only stabilized medical office, suburban office, and mixed-use properties along the I-65 corridor from Nashville to Birmingham, using fixed-rate debt and a simple motto: boring is beautiful. He and Jack cover what…
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