Beyond the Build

Construction Trends

2020 Vision

I am fortunate to be a part of the Master’s of Real Estate Development (MRED) program at Auburn University. It’s a 2-year tract targeted at people who have been out of school and working for a while. The focus is “training a new generation of executives to build places that matter.”

I enjoyed sitting on a panel last week, discussing trends in the real estate industry, potential challenges and a look ahead for 2020, also shared here. A few of my takeaways:

  • Remember there is a new train leaving the station every day, and real estate investment opportunities are no different.
  • Do not second guess your first opinion and be talked into something that does not seem right initially or after a good night’s sleep.
  • If a real estate deal sounds too good to be true it probably is.
  • Most real estate investing involves partners and operating agreements. Operating agreements are no substitute if the partners are not right.
  • A career in real estate, or for that matter anything post-college, should be enjoyable at least most days.

Real estate has always been a marathon, not a sprint, and 2020 is no different. Steady as you go.

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Merrill Stewart Jr.

Merrill Stewart is Founder and President of The Stewart/Perry Company, a commercial building contractor based in Birmingham.