Hi Aaron
Fair enough but I guess I was thinking there are at least as many niches like this in the CIP market as there are in RIPs. There are an awful lot of developers who have made an awful lot of money in such niches within the CIP market...
no doubt no doubt!
but you must admit that resi is a more easily understood investment class because it is immediately more familar investment class. depends on your background, i guess - but i don't think either party should be writing off the other.
i've just structured a resi development with a 12% yield and 25% CG - by doing nothing more than targeting a different demographic within the suburb without requiring any concessions or "special tricks".
just got to know your market