Publications
Publications
- October 2024
- HBS Case Collection
Southern California Industrial: Freezer Drive
By: Arthur I. Segel, W. Matt Kelly and Dwight Angelini
Abstract
In the midst of the COVID-19 pandemic, a Boston based real estate private equity firm was seeking to make their very first West Coast investments in hopes of establishing their presence in the strategic region. An exciting property suddenly became available on the market in a submarket of Orange County that was well positioned for future rental rate growth. The property also showed potential for quick wins including an improvement plan for enhanced visual appeal and functionality. However, the property came with significant risks to the overall budget and investment returns, and was dependent on securing and retaining a suitable tenant. How should the firm weigh these potential risks admist the uncertainty of the pandemic, and did the benefits of securing an attractive West Coast property outweigh the potential losses?
Keywords
Citation
Segel, Arthur I., W. Matt Kelly, and Dwight Angelini. "Southern California Industrial: Freezer Drive." Harvard Business School Case 225-015, October 2024.