David Ebbrell of M7 Real Estate climbed onto the roof of a warehouse in Germany to inspect it in person, despite his fear of heights and the pitch-dark conditions. The company has sent scouts to numerous remote locations throughout Europe and the UK, and Ebbrell was inspecting a battery storage building in Korntal-Münchingen, near Stuttgart. He took a traditional approach by walking across the roof to check it, despite potential dangers.
Quoting a recent Bloomberg report, David Ebbrell, a representative from M7 Real Estate Ltd., was tasked with inspecting a battery storage building in Korntal-Münchingen, Germany back in December of 2014. This was just one of the many remote locations that M7 Real Estate has sent scouts to across Europe and the UK. Ebbrell’s inspection was particularly challenging because he had to climb up a ladder and onto the roof of the warehouse in the middle of the night, with strong winds and no visibility. Despite his fear of heights, Ebbrell was determined to get the job done.
As Ebbrell walked across the roof to inspect it, he was taking an old-school approach to real estate assessment. However, in recent years, the real estate industry has seen a major shift towards using technology and data analytics to evaluate properties. One company that has been at the forefront of this trend is Blackstone, a major player in the real estate investment world.
Quoting the Bloomberg report, Blackstone has made billions of dollars in recent years by betting on urban warehouses. These large, industrial buildings are becoming increasingly valuable as e-commerce continues to grow, and companies like Amazon need more space to store their products. Blackstone has been able to capitalize on this trend by investing heavily in warehouses located in or near major cities.
But Blackstone’s success is not just due to luck or good timing. The company has also been using cutting-edge technology to analyze potential real estate investments. This includes using drones to survey properties from the air, as well as using machine learning algorithms to analyze data on everything from traffic patterns to weather patterns. By using these tools, Blackstone is able to make more informed decisions about which properties to invest in and which to avoid.
Of course, not every real estate company has the res to invest in these kinds of high-tech tools. However, there are still ways for smaller companies to stay competitive in the industry. One approach is to focus on niche markets, such as affordable housing or green buildings. By specializing in a particular area, companies can develop expertise and build a reputation for themselves.
Another approach is to focus on the fundamentals of real estate investing. This means paying close attention to factors like location, condition, and potential for growth. By doing thorough research and analysis, even small companies can make smart investments that pay off in the long run.
So, the real estate industry is changing rapidly, with technology playing an increasingly important role. Companies that are able to adapt to these changes and embrace new tools and methods will be the ones that succeed in the years to come.