Are you a commercial real estate investor looking to uncover hidden opportunities in the market? In this episode, Slocomb Reed interviews Anthony Scavo, President and COO of Basis Industrial, a vertically integrated real estate owner operator. Join us as Anthony shares his insights into the world of multi-tenant industrial properties and how Basis Industrial successfully pivoted their strategy. From supply-demand imbalances to adapting in a changing market, this episode provides valuable advice for investors aiming to make informed decisions.
Key Takeaways:
- Navigating Shifting Markets: Discover how Basis Industrial's pivot from self-storage to multi-tenant industrial properties was driven by recognizing supply-demand imbalances and adapting to changing market conditions.
- Investment Strategies: Anthony discusses the importance of positive leverage and finding properties that align with market trends. He highlights the significance of patient and strategic investment decisions in the current market environment.
- Learning from Mistakes: Learn from Basis Industrial's experiences as Anthony shares a key lesson about the importance of having backup plans and not repeating the same mistake twice. Find out how a nimble approach to staffing can mitigate challenges and setbacks.
Anthony Scavo | Real Estate Background
- President and COO of Basis Industrial
- Portfolio:
- Self-storage, Industrial, Retail, Office and Residential
- Over $750MM in AUM
- Based in: Boca Raton, FL
- Say hi to him at:
- Best Ever Book: Made in America by Sam Walton
- Greatest Lesson: When a mistake is made, don't panic, learn from it to make sure it doesn't happen again.
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