SAN DIEGO — Ed Colson Jr. and Michael Campbell have opened InvestCore Commercial, a boutique investment advisory firm focused on net leased investments. The new office is located at 3910 West Point Loma in San Diego.
The two brokers have more than 20 years of experience in the net-lease investment field. They were both formerly with DTZ / Cassidy Turley.
“The net lease sector is a pretty small niche of real estate,” says Campbell. “For us, it was more important to set ourselves apart in a way that would allow us to deliver exceptional client service with a very high level of touch. Ultimately, starting our own small shop gives us more flexibility to do the things we want to do, which means focusing more on each individual property and client.”
InvestCore Commercial will focus on the acquisition and disposition of retail properties nationwide. Clients include private investors, 1031 and 1033 exchange buyers, developers, franchisees, REITs and institutional investment funds.
Though the firm specializes in single-tenant, net-leased properties with high credit and low risk, Campbell believes he and his partner’s expertise can help investors identify deals they may not have otherwise considered.
“If you take the time to uncover opportunity where there’s perceived risk – maybe it’s a franchisee deal or a small operator with a one-off store – if you dig in and see how that business operates, you can oftentimes find some cap rate relief,” he says. “If you really take a step back and try to understand some of these smaller operators and get comfortable with them, you don’t have to always pay 4 and 5 percent cap rates. You can get into 6 and 7 percent. There are a lot of risk-reward situations out there.”