Office and logistics assets may depend on a small number of tenants and the terms of long leases. Retail property may be sensitive to the surrounding catchment and trading conditions. Residential portfolios can involve frequent tenancy changes and ongoing maintenance.
Hospitality may depend on occupancy, room rates, seasonality and an operator’s ability to manage costs. Mixed-use property can combine several income drivers, along with more complex shared services and management responsibilities. A familiar city name does not remove these differences.
Your checklist: identify the income source, operational responsibilities, tenant or operator concentration, local demand and necessary capital expenditure. Compare assets with similar risk characteristics before comparing projected returns.