Commercial Real Estate Pro Network

J Darrin Gross

I'd like to ask you, Chris Prefontaine, what is the biggest risk?

Chris Prefontaine  

Probably gonna throw a different twist at this fire, especially coming from the insurance side of things. Look, the market my opinion, the market is going to keep changing. It has for decades, I've been out for three decades, it will continue to change. So people get all caught up with the media and all it's going to change. And the risk is that the risk is not there. The risk is you not knowing how to navigate. As it changes, you call it the storm. And when you know how to navigate when the market changes. You're not You're not at risk, because you're not a bob and weave, you're not a pivot, you know how to structure the deal after the deal. And you know how to be keyword adaptable. That's it. It's not the strongest, it's not that smart. It's the most adaptable. And then how do you do that? How do you mitigate that that risk? How do you get in that mode? My opinion, you find someone that's been through at least two or three storms to use your word, and then you lean on them? Constantly. There were two times in my career, I didn't have that person 1994 ish in 2008. And the only times I had a headache. So every other time in life, I've had a mentor that I could call up and go, Hey, Darren, what do you think about this? What would you do here? I'm a little a little perplexed. That mitigates your risk, and that lets you be more adaptable.