Sep 23, 2026 · 37 min
Tim Slattery finds value in property’s overlooked corners
Commercial Property Cycle, Retail’s Comeback, Aged Care and Finding Value Where Nobody’s Looking: with Commercial Property Gun, Tim Slattery
The discussion shows how disciplined, bottom-up research can challenge fashionable narratives across industrial, retail, office and healthcare property.
- 1Property returns depend on timing, valuation discipline and the risks taken to achieve them.
- 2Retail’s resilience reflects essential-needs demand and limited new supply, while industrial opportunities require understanding tenant economics.
- 3ASA Real Estate Partners targets overlooked sectors where detailed research may reveal durable long-term value before institutional capital arrives.
Don't miss
Slattery explains how APN grew from a roughly $26 million listed property manager into a business sold to Dexus for $320 million.
The brief
Tim Slattery went from becoming a listed-company CEO at about 30 to helping grow APN Property Group from a roughly $26 million market capitalization into a business sold for $320 million.
His account of APN’s growth turns on a less glamorous discipline: buying into unloved property sectors, then judging returns alongside the risks, timing and luck that produced them.
The conversation breaks down how cap rates, interest rates, borrowing costs and tenant demand move property values through cycles, with industrial, office and retail facing sharply different conditions.
Retail emerges as more resilient than its reputation suggests, while industrial remains attractive only where investors understand warehouses, logistics and the underlying tenant economics.
At ASA Real Estate Partners, Slattery applies the same contrarian approach to healthcare, aged care and potentially mispriced Melbourne offices, relying on deep research before sentiment changes.
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Australian Securities ExchangeListen to the full episode and explore every guest, topic, and moment on PodLume.