Diversifying Locations is Harder Than Diversifying Sectors

McKeon: “Office is probably the least favorable asset class we look at because it’s a little more volatile and there’s so much turnover with tenants.”

LAGUNA HILLS, CA—When branching out, setting up boots on the ground is a greater challenge than investing in different property types, Heslin Holdings’ VP of acquisitions Casey McKeon tells GlobeSt.com. The firm recently announced a series of recent transactions including the acquisition of a retail center in Tigard, OR; the acquisition of a multi-tenant industrial property in Fontana, CA; the redevelopment of a retail shopping center in Albuquerque, NM; the acquisition of a 434-unit apartment complex in Denver; and the lease-up of West Central Plaza in Albuquerque. In addition, Heslin announced plans to invest up to $150 million in new acquisitions in all sectors during 2016. We spoke exclusively with McKeon about the challenges of investing in so many different property sectors and the thought process behind its investment strategy.

GlobeSt.com: Your firm is involved in a variety of property sectors. Why does this strategy work for you?