Waad Nadhir made his career in real estate development and business leadership. After working as a broker for Merrill Lynch out of college, Nadhir eventually found himself in the real estate development industry. He is the President of BOSC Realty Advisors in Bloomfield Hills, Michigan and works to acquire and finance profitable real estate development projects in his community and beyond. Here are three factors that affect every commercial real estate development strategy:
- Risk and return. In order to make a profit from your property holdings, you have to find a good way to use it. Unless you take a chance one way or another, either by developing the land or selling it, you’ll get stuck paying taxes on the land with no way to make a profit.
- Buying and holding. While Waad Nadhir knows that you have to take a chance to make a profit off of property, you can also hold onto it for a while if you think that the area will support the project for many years. BOSC Realty has owned both Brea Plaza in Brea, CA and Topinka’s Plaza in Detroit for 25 years.
- Continuous Improvements. Commercial properties require constant reinvestment to meet the needs of the community and tenants. BOSC has redeveloped Brea Plaza twice since it was acquired in 1992 and redeveloped Topinka’s Plaza three times since it was built in 1991.
Waad Nadhir knows all of the ins and outs of the property development industry in his community in Bloomfield Hills. He also helps companies with properties in other markets develop quickly and smartly as a consultant.