The Best Ever CRE Show JF3765: Why This $100M Portfolio Owner Says Parking Lots Are The Ultimate Location Play ft. Brian Spear
Amanda Cruise and Ash Patel interview Brian Spear, principal and co-founder of Sunrise Capital Investors. Brian shares his journey from living in a mobile home park at age 10 to building a portfolio of over 20 mobile home parks and $100 million in parking facilities across 14 states. The conversation explores how Sunrise transitioned from a fix-and-flip model to a long-term hold strategy, with Brian explaining their focus on returning capital quickly through refinancing while maintaining infinite cash-on-cash returns. The discussion heats up when Ash challenges the industry trend toward generational holds, leading to a debate about investor liquidity and market timing risks. Brian details their recent acquisition of a parking facility near Charlotte's Spectrum Center, breaking down how they carved out a $31 million parking asset from a $250 million distressed mixed-use property. The episode also covers how technology and dynamic pricing are transforming the parking industry, and why Brian views parking lots as the ultimate "location, location, location" play.
Brian Spear | Real Estate Background
- Principal & Co-Founder Sunrise Capital Investors
- Based in: Clearwater, FL
- Say hi to them at:
- www.SunriseCapitalInvestors.com
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