Sean Dalfen, the president and CEO of Dalfen Industrial, joins host Chad Griffiths to talk about the industrial real estate market in 2024.
Their conversation touches on a number of timely topics for those in the sector:
- 0:00 – Introduction;
- 2:23 – Interest rates;
- 5:45 – What does 2024 look like?
- 10:02 – Identifying potential markets;
- 17:12 – Class-A industrial strategy;
- 19:14 – Tenant requirements;
- 24:40 – Solar panels on industrial buildings;
- 31:05 – Outlook for industrial real estate.
Dalfen leads the investment committees and management committees across all platforms at Dalfen Industrial, a company which was founded in Montreal but has since shifted its operations and its focus to the U.S.
Under his leadership, Dalfen Industrial’s portfolio has grown to over 50 million square feet of industrial properties from coast to coast, making it one of the largest U.S. owners and developers of industrial real estate and a leader in the last-mile sector. Over his career, he has transacted on an excess of $10 billion US.
Prior to Dalfen Industrial, he worked at NAI Commercial as an investment sales broker where he was one of the company’s Top-10 producers in Canada.
Dalfen is a frequent speaker and panelist at private equity and commercial real estate industry events.
He studied psychology and finance at Tel Aviv University’s Lowy School and McGill University.