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5 Surprising Lessons from Outlander for Commercial Real Estate

  • Writer: Elaine Kim
    Elaine Kim
  • Mar 12
  • 4 min read

What a time-travel drama accidentally teaches about market cycles, timing, and investment strategy.


Photo courtesy of STARZ / Sony Pictures Television
Photo courtesy of STARZ / Sony Pictures Television

A client once said something to me that stuck:

“If I could go back 25 years, I would have bought twice as much real estate.”

It’s a sentiment I hear often from long-time property owners. Looking backward, the path seems obvious. But at the time those decisions were made, the future was anything but clear.


That idea—how choices look different when viewed across time—is one of the central themes in Outlander, a series built around time travel and the way historical events shape people’s lives.


It turns out that theme has a surprising parallel in commercial real estate.


Because while investors can’t step through a set of standing stones and see the future, success in CRE often depends on understanding the same forces: timing, relationships, and the ability to navigate changing environments.


Here are a few lessons the show unintentionally shares with the world of commercial real estate.


1. You Don’t Control the Environment


In Outlander, Claire suddenly finds herself in a completely different world—new rules, new risks, and unfamiliar systems of power.


Commercial real estate investors experience similar shifts, just without the dramatic time travel.


Interest rates rise and fall.

Cities introduce new regulations.

Insurance costs surge.

Neighborhoods evolve.


Markets are constantly changing, and the investors who succeed are rarely the ones who expect stability. They are the ones who learn to adapt quickly to the environment they’re operating in.


2. Relationships Often Matter More Than Strategy


One of the defining features of Outlander is the importance of alliances. Survival often depends on who trusts you, who vouches for you, and which networks you belong to.


Commercial real estate works much the same way.


Deals rarely happen in isolation. They come together through relationships between brokers, lenders, investors, contractors, and advisors who have worked together for years.


Some of the most attractive opportunities never appear on the open market. They move quietly through networks built on trust.


3. The Story Behind the Numbers Matters


In the series, land and property are never just physical places. They carry histories that shape how people use them and what they mean to the characters.


Commercial real estate deals are similar.


A comparable sale might appear to reset the market, but often there’s more to the story:

  • a buyer completing a 1031 exchange with a deadline

  • a neighboring owner assembling parcels

  • an investor willing to pay a premium for a strategic reason


Understanding the story behind the comp is often just as important as understanding the number itself.


4. Real Estate Is a Long Game


The characters in Outlander constantly confront decisions that ripple across generations.


Commercial real estate has a similar time horizon.


Many of the most successful property owners bought their buildings decades ago. They didn’t necessarily know exactly how the market would evolve, but they held through multiple cycles.


Over time, patience becomes one of the most powerful investment strategies.


5. Sometimes the Best Strategy Is Simply Endurance


Not every moment in Outlander is about victory. Sometimes survival itself is the objective.


Real estate cycles can feel the same way.


There are periods when the smartest decision isn’t maximizing profit. Instead, investors focus on:

  • preserving equity

  • managing debt responsibly

  • maintaining properties through uncertain periods

  • waiting for the next cycle


The investors who last the longest are often the ones who understand when to be patient.


Timing Is Everything


If there is one overarching theme in Outlander, it’s timing. The characters move through moments in history when the timing of decisions—when to act, when to wait—shapes everything that follows.


Commercial real estate works much the same way.


The difference between a great investment and a difficult one often comes down to timing:

  • buying before a neighborhood evolves

  • refinancing before interest rates spike

  • selling before major capital expenditures arise

  • exchanging into a different asset at the right point in the cycle


Many Los Angeles apartment owners purchased their buildings decades ago without knowing how dramatically the market would change around them.


Today those properties hold enormous equity. But they also prompt new questions:


Is the equity working as hard as it could be? Is the property still the best place for that capital?

What does the next chapter of the investment look like?


In other words, the question isn’t just where you are in real estate.


It’s when you are in the cycle.


And while none of us have the benefit of time travel, understanding timing, markets, and long-term strategy can bring us surprisingly close.


A Question Worth Asking


Many of the most interesting conversations I have with property owners start with a simple question:


If you could go back 20 or 30 years, what would you have done differently with your real estate?


The answers are always thoughtful—and often lead to another question:


What should the next chapter of the investment look like?


For some owners, the answer is continuing to hold a property that has served them well for decades. For others, it’s exploring how the equity they’ve built might work differently in the next phase of the market cycle.


Either way, taking the time to step back and evaluate where you are in the cycle can be just as important as the original decision to buy.


About the Author


Elaine McIntyre Kim is a commercial real estate adviser specializing in multifamily properties in the South Bay of Los Angeles. As both an agent and a property owner, she works with apartment owners to evaluate investment decisions, navigate market cycles, and think strategically about the next chapter of their real estate holdings.


She writes occasionally about commercial real estate, market cycles, and lessons from the field.




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© 2023 by Elaine Kim Commercial Real Estate Adviser

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