Commercial Property Investment - Jo Seth Smith

05/07/24 • 54 min

The Rodcast - Property, Business, Investment

Jo Seth-Smith is the Investment Manager at Olim Property https://www.olimproperty.co.uk/index.html an FCA regulated property investment manager of UK commercial property portfolios, whose Funds Under Management total is approximately £1 billion with individual discretionary mandates for pension funds, investment trusts and Oxford colleges.

Jo has a heap of experience in Commercial Property Investment starting her career at JLL, La Salle Investment Manager and then moving on to for part of the team that created Acuitus Commercial Property Auctions before joining Olim Property.

In this discussion Jo and I discuss;

How Jo came to be involved in the investment side of Commercial Real Estate.

Different types of sellers and buyers at commercial property auctions and differences in approaches between institutional investors vs private sector investors.

Why institutional investors decide to sell at auction.

How the structure of a typical institutional real estate portfolio has changed over time.

As an investment manager how does the clients needs dictate the sectors that you look to invest in.

Where her focus in terms of asset types has changed over the past few years.

The importance of not just reducing risk for clients but also reducing costs.

Valuations when transactional evidence is low and how that can affect decisions to sell.

Theory vs experience.

The delay between cause and effect on asset prices happening in the market.

Cost of living crisis effects on covenant strength of occupiers of commercial property.

Difficulties in forecasting future rents.

Difficulties in achieving historical yields in certain asset classes.

How ESG factors into Jo's decision making when making investments and how that has changed over time.

Policy and Government changes and their effects on investments.

ESG and box ticking.

Advice to people looking to get into the industry.

And lots more...

Thanks again to our sponsors https://www.konnexsion.com who provide fantastic property management software and 978 Property finance https://978finance.com/ who provide finance for all property deals

If you enjoyed the episode please be sure to follow on whichever platform you listen or view on. Reviews are always welcome.

Hosted on Acast. See acast.com/privacy for more information.

In this discussion Jo and I discuss;

How Jo came to be involved in the investment side of Commercial Real Estate.

Different types of sellers and buyers at commercial property auctions and differences in approaches between institutional investors vs private sector investors.

Why institutional investors decide to sell at auction.

How the structure of a typical institutional real estate portfolio has changed over time.

As an investment manager how does the clients needs dictate the sectors that you look to invest in.

Where her focus in terms of asset types has changed over the past few years.

The importance of not just reducing risk for clients but also reducing costs.

Valuations when transactional evidence is low and how that can affect decisions to sell.

Theory vs experience.

The delay between cause and effect on asset prices happening in the market.

Cost of living crisis effects on covenant strength of occupiers of commercial property.

Difficulties in forecasting future rents.

Difficulties in achieving historical yields in certain asset classes.

How ESG factors into Jo's decision making when making investments and how that has changed over time.

Policy and Government changes and their effects on investments.

ESG and box ticking.

Advice to people looking to get into the industry.

And lots more...

Thanks again to our sponsors https://www.konnexsion.com who provide fantastic property management software and 978 Property finance https://978finance.com/ who provide finance for all property deals

If you enjoyed the episode please be sure to follow on whichever platform you listen or view on. Reviews are always welcome.

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Investment Mastermind Q2 2024

Our Quarterly Investment Mastermind with Manish Kataria and Adam Lawrence kicked off with a brief discussion on the performance of some of our previous investment picks and the current investment environment.

We then got onto our picks for this quarter.

If you haven't listened to one of these mastermind episodes before the premise is we each pick a stock, bond, ETF, REIT etc that we feel is good to invest in now and give the reasons why. The others then are given a chance to critique.

Manish chose an ETF that tracks the Russel 2000 ticker IWM https://www.ishares.com/us/products/239710/ishares-russell-2000-etf

I went with an ETF that tracks the FTSE 250 with ticker VMID https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-250-ucits-etf-gbp-distributing/distributions

And Adam chose Dimensional Fund advisors uk value fund https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=f0gbr04v7x

Manish also came in with a bonus pick of the stock BP https://www.bp.com/en/global/corporate/investors/share-price-tools/share-price-history.html

To find out the reasoning and critiques behind these investment picks please listen to the episode.

Please don't forget to like and subscribe/ follow the Rodcast

THIS IS NOT INVESTMENT ADVICE

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

Senior Assisted Living - Honor Barratt

If you are interested in Supported living, Impact Investment, Private Equity, Operational Efficiencies, EBITDA, ESG, Housing Crisis then you are in for a treat.

I was joined by Honor Barratt the Managing Director of Birchgrove, https://www.birchgrove.life/ a Senior Assisted Living operator that is funded by Impact Fund, Bridges https://www.bridgesfundmanagement.com/our-story/

We discuss;

Honor's background in business and how she became the Managing Director of Birchgrove.

Coping with changes when your business is bought by Private Equity.

Upskilling through business programmes such as Harvard.

Transferable skills from a Creative industry.

The scale of the retirement living problem in the UK.

When people should look to downsize.

Renting in later life.

How the housing market is affected by the older population.

How the senior living market in the UK compares with other countries.

Why does it take us so long to create buildings in the UK.

The biggest challenges Birchgrove faces.

Market and Investors concerns over the supported living industry.

Where the money is currently coming from that is investing in UK Senior Living.

Measuring Impact.

Delivering EBITDA with impact.

How ESG and EBITDA are not mutually exclusive.

The biggest challenges with scaling a business where there is an absence of comparables.

The demographics of the industry and why this sector looks rosey.

Identifying the problem with insight.

How the cost of finance affects the business as well as impact.

The realities of paying for care.

Having a sense of purpose and how that really supercharges things.

Ghetto-ising certain communities and how sometimes some communities want it.

How impactful gestures can be.

And Lots more.

Thanks again to our sponsors 978 Finance https://978finance.com/

and

Konnexsion property management software https://www.konnexsion.com/user-login

Hosted on Acast. See acast.com/privacy for more information.

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