The Real Estate Syndication Show WS1916 Understanding Flex Spaces | Grant Reaves
In this episode of the Real Estate Syndication Show, our guest host Jim Pfeifer speaks to Grant Reaves, co-founder and managing director of Stoic Equity Partners. They delved into the intricacies of the real estate market, particularly focusing on the value-add multi-tenant flex industrial properties in the Southeast.
Grant shared his journey from starting in commercial real estate brokerage right after college to transitioning into the principal side of the business during the COVID-19 pandemic. He and his business partner, Jeremy Friedman, formed Stoic Equity Partners in 2020 and have since been actively involved in underwriting and acquiring properties.
Grant provided insights into what flex industrial properties are, typically ranging from 30,000 to 150,000 square feet and housing a mix of office and warehouse spaces. These properties cater to a variety of tenants, including general contractors and service-based businesses.
The conversation also covered the current state of the flex industrial market, particularly in secondary cities in the Southeast. Grant highlighted the low supply and high demand, the ability to purchase below replacement cost, and the resilience of these properties to work-from-home trends.
For investors looking to vet operators like Stoic Equity Partners, Grant emphasized the importance of examining supply and demand metrics, cash flow from day one, and the operator's in-house capabilities and use of local management and brokers.
Listeners can connect with Grant Reaves on LinkedIn or via email at greaves@stoicep.com . For more information about Stoic Equity Partners, visit stoicep.com.
Today’s guest host, Jim Pfeifer, is the Founder & CEO of Left Field Investors – a Community of like-minded individuals interested in creating financial freedom through passively investing in real assets that generate real cash flow. The Community works together to provide education, a network and deal flow for its members. For more information, you can visit www.leftfieldinves, or reach out to Jim via email at jim@leftfieldinvestors.com.
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