The Industrial Real Estate Podcast

In this week's episode I interviewed Brian Burke, President & CEO of Praxis Capital to discuss the following topics as it relates to commercial and industrial real estate: 0:00 - Introduction 1:10 - Cap rates are NOT a return metric 7:10 - Why are cap rates so popular? 8:38 - Cap rates vs unleveraged yields 12:30 - Cap rates & interest rates 15:01 - Valuating a deal (and how cap rates are used) 21:48 - Actual return metrics (IRR, cash-on-cash, equity multiplier) 30:20 - Looking for deals in today's market 35:50 - Active vs Passive real estate investing 39:44 - Manipulating cap rates 44:15 - Software for analyzing deals 47:40 - Forecasting rent growth 49:23 - A fantastic summary of cap rates --   About Brian: Brian Burke is President & CEO of Praxis Capital, Inc., a vertically integrated real estate private equity investment firm, which he founded in 2001. Brian is also a member of the Praxis Investment Committee. Praxis operates on multiple platforms, currently managing active syndications for the acquisition of single-family, multifamily and opportunistic residential assets in US growth markets. Over the course of a real estate investment career that began in 1989, the offerings Brian manages have acquired over 750 properties, including over 3,000 multifamily units, with the assistance of proprietary software that he wrote himself. Acquired asset classes include single family homes, self storage, mixed-use and large apartment complexes in multiple states. Brian has arranged well over $500 million in debt and equity for Praxis acquisitions. Praxis’ current portfolio exceeds $200 million of real estate assets under management. Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and a frequent public speaker at real estate conferences and events nationwide.  Connect with Brian:   LinkedIn: https://www.linkedin.com/in/praxiscap... Praxis Capital Website: https://praxcap.com/   -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...    📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...      🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate

Join in this week to hear about the challenges and opportunities found in an ultra-hot industrial real estate market, and specifically industrial lands intensification / densification. My guest, Eric Aderneck, is an Industrial Lands Planning Expert and has two decades of planning and development experience in both the public and private sectors. Eric also writes a weekly planning and development newsletter for a collection of informative news articles about cities, real estate, urban planning, transportation, economy, and other semi-related matters (link below): Here are time stamps for our discussion: 0:00 – Introduction 2:35 – Defining industrial real estate (“PDR”) 7:37 – The evolution of industrial properties 12:15 – Finding Options in Tight Markets 22:05 – Highest and Best Use for industrial 25:47 – Changing sentiment towards industrial 31:15 – Site Selection and why hot markets stay hot 37:35 – Last Mile Delivery 48:47 -  A bull case for industrial 49:33 – What led Eric to industrial 51:33 – Industrial real estate newsletter Connect with Eric on LinkedIn: https://ca.linkedin.com/in/ericaderneck Subscribe to Eric's newsletter (bottom of the page): https://mvindustriallands.com/expertise -- 🔔 Become an Industrial Insider: https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1 💻  LinkedIn: https://www.linkedin.com/in/chadgriffiths/ 🙋 Chad Griffiths, MBA, SIOR #industrialrealestate #industrialinsiders #industrialize

In this week's episode of the Industrial Real Estate Show I was joined by Bronwyn Scrivens from Omada Commercial. Here are time stamps of what we chatted about: 0:00 - Introduction 2:12 - Bronwyn's journey into industrial brokerage 5:40 - Becoming an expert in the industry 10:20 - Content creation strategy 16:25 - Actionable ideas to start creating content 32:05 - Industrial real estate associations & networking 37:20 - Being a woman in industrial estate 43:02 - Learning the market & growing a knowledge base 50:01 - CoStar 53:35 - How to find a good broker 1:00:02 - Get in touch with Bronwyn About Bronwyn: Bronwyn is an Associate Broker with Omada Commercial and has 10 years of commercial real estate experience specializing in acquisitions, dispositions and leasing of industrial assets around the greater Edmonton region and province of Alberta.  At Omada Commercial, Bronwyn focusses on integrated solutions for industrial owner/user businesses who are looking to improve operational efficiency through functional on and off market industrial facilities.  She also works actively to find solutions for landlords and developers with individual assets or portfolios through prospecting, marketing and consultation to improve returns, stability and longevity within their portfolios.  She has represented international, national and local Tenants and Landlords, Purchasers and Vendors, as an exclusive agent culminating in millions of dollars of value for her clients. Bronwyn prides herself on her strong industry involvement and online business presence.  Recent industry involvement includes: NAIOP Edmonton Board of Directors (2018-2021), NAIOP Edmonton Chair of the Developing Leaders Committee (2018-2021), NAIOP Corporate CRE.Converge Committee (2020), CREW Edmonton Chair of the Breaking Ground Gala (2022) and NAIOP Corporate Developer of the Year Award Committee (2022).  Recent industry awards include: NAIOP and Prologis Diversity in Commercial Real Estate Award (2018), Canadian Outstanding Young Leader in Commercial Real Estate Award (2019) and CREi Awards for Top 50 Influential Women in Commercial Real Estate and Top 150 Linkedin CRE Influencers (2022). Bronwyn spends her spare time writing a monthly commercial real estate blog and producing a weekly commercial real estate vlog, playing hockey, horseback riding and traveling the world whenever possible. Connect with Bronwyn LinkedIn: https://ca.linkedin.com/in/bronwyn-sc... Website: https://bronwynscrivens.com/  -- ⚡ Become an Industrial Insider:  https://www.youtube.com/c/ChadGriffit...  📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...  🙋‍♂️ Chad Griffiths, MBA, SIOR #industrialize #industrialinsiders #industrialrealestate

This was a Live interview, Tuesday, June 21, 2022, with Dan Hughes, founder of Alpha Property Insight. 0:00 - Introduction 3:05 - Do CRE investors need to know about the Metaverse? 9:40 - Large commercial brokerage hired to lease virtual real estate 10:50 - Metaverse applications for commercial real estate 17:26 - Metaverse vs Virtual Reality vs Augmented Reality 28:00 - Using virtual reality in real estate applications 40:17 - Digital real estate - how it can drive industrial real estate demand 48:28 - How to stay on top of the trends 53:30 - Alpha Property Insights About Dan: Dan is the founder of Alpha Property Insight, a firm dedicated to helping real estate companies with the digital transformation. Dan's expertise in the application of data and technology across the real estate market and implications for business strategy.  Dan has extensive knowledge of current and future data and technology trends across the whole built environment life cycle including construction, planning, valuations, occupier needs and investment. Experience includes innovation, PropTech, future trends and business model strategy. Connect with Dan: LinkedIn: https://uk.linkedin.com/in/danchughes Website: https://www.alphapropinsight.com  -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...  📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-... 🙋‍♂️ Chad Griffiths, MBA, SIOR  #industrialize #industrialinsiders #industrialrealestate

This is a LIVE interview with Eli Randel, Chief Strategy Officer at CREXi. 0:00 - Introduction 1:56 - Prologis acquiring Duke 4:05 - Macro look on industrial 4:55 - Strategy for investors 7:05 - Industrial vs other asset classes 8:27 - Bricks-and-Mortar 13:08 - Work-from-home 21:20 - Is it time to do a ground up development? 24:15 - Amazon maxing out warehouse space 28:00 - Interest rates 44:40 - Sitting on the sidelines 47:05 - Construction costs 49:30 - Loan defaults 55:20 - Real estate vs crypto 1:03:05 - CREXi.com About Eli: Eli leads Strategy for Crexi after 15+ years of CRE and CRE finance experience. Eli joined Crexi in 2016 following a tenure as Director of Dispositions for Invitation Homes (NYSE: INVH), where he led portfolio dispositions in preparation for the company’s IPO. Previously, Eli was a Director of Capital Markets at Cohen Financial helping raise LP equity and construction financing for large commercial real estate developers. Prior to Cohen Financial, Eli helped launch Auction.com (now TenX )where he joined when his previous employer LNR Partners formed a JV with the online platform. Eli began his career at CBRE, where he spent three years as a senior financial analyst before obtaining a full academic scholarship to earn his MBA at the University of Florida. Connect with Eli: LinkedIn: https://www.linkedin.com/in/eli-randel-6ba9153 Website: https://www.crexi.com/insights/author/eli  -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1 

This is a LIVE interview with Willem Kellerman, architect and partner at DIALOG.   We'll be discussing the following:   ✅  Key considerations to look for in industrial properties ✅  How industrial buildings are designed ✅  The role of an architect in the process of designing or re-developing a building About Willem Kellerman's experience covers a broad spectrum of project types with a strong focus on the private sector. His area of expertise includes, master planning, programming and design of industrial, light industrial, business parks, commercial buildings and retail precincts for a variety of public buildings. Willem maintains and builds strong relationships with developers and building owners, focusing on providing quality service to our clients. He is a skilled professional who works closely with the client team to establish the project drivers, goals, and milestones. Willem has an in-depth understanding of the process required (‘dirt-to-keys’) to provide both built-to-suit and speculative market-ready facilities. With experience in greenfield and brownfield projects, he is responsible for the planning, design, and client coordination on projects ranging from $500,000 to over $100 million in scope. - Connect with Darrell: https://ca.linkedin.com/in/darrell-halliwell-1a38b651 Connect with Willem: https://ca.linkedin.com/in/willem-kellerman-6570844 DIALOG website: https://dialogdesign.ca/ -- ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1  📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-insiders   🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate

This is a LIVE interview from May 31st 2022, with Ryan Koehn, Principal at Artisan Industrial.   We'll be discussing the following:   ✅  Why he chose Industrial Real Estate ✅  What he looks for in an opportunity ✅  How to add value to a property   About Ryan:   Ryan got his start in real estate investing by flipping residential condos in 2006. After getting the itch for larger deals, he bought a multi-family property in 2008, followed by an industrial building in 2009.  After a series of industrial purchases, sales and developments, Ryan started Artisan Industrial with his partner Kyle Jacober in 2021.  The fund has now been fully subscribed with two assets closed and two further assets set to close in the summer. Ryna's portfolio is comprised of approximately 200,000sqft. and is actively look for value add/repositioning opportunities in the industrial space.   Connect with Ryan:   LinkedIn: https://ca.linkedin.com/in/ryan-koehn... Website: https://artisanindustrial.ca/ --     ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffit...    📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-...      🙋‍♂️ Chad Griffiths, MBA, SIOR   #industrialize #industrialinsiders #industrialrealestate

This was a Live interview on Tuesday, May 24th, 2022 with electrical engineer Bryce Pasiuk.  Electricity is one of the most important considerations for industrial tenants and buildings alike, so Bryce will help explain key concepts in more detail. We'll be discussing the following:  ✅ How tenants determine how much power they require ✅ Electrical service to buildings, including amps, voltage, and other important terms ✅ What you can do if the building is incompatible with the tenant's needs About Bryce: Bryce is an electrical, instrumentation, and controls system engineer with engineering, design, programming, construction, and commissioning experience. He also has experience with biomedical engineering, including the design, development, and implementation of a prototype rehabilitation device for the visually impaired. Having undertaken a lead design role in various water and wastewater projects, Bryce also assumes a commissioning role for several projects, from standalone stations to regional facilities. He also has field experience with control panels, process instruments, and electrical gear. Be it a team leader or follower, Bryce strives to meet all deadlines while working efficiently with budget in mind. Recently, he was the lead designer, construction support lead, and site electrical, instrumentation, and controls programmer for the North Red Deer Wastewater Services Commission Regional Wastewater System. Connect with Bryce: Bryce's profile at Stantec: https://www.stantec.com/en/people/p/pasiuk-bryce Bryce on LinkedIn: https://ca.linkedin.com/in/bryce-pasiuk-b4b77451   -- ⚡ Become an Industrial Insider: https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1  📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-insiders 🙋‍♂️ Chad Griffiths, MBA, SIOR #industrialize #industrialinsiders #industrialrealestate

This is a LIVE interview with Robert Thornburgh, CEO of SIOR Global. We'll be discussing the following: ✅ How to gain a competitive advantage in the industry ✅ Potential pitfalls to avoid ✅ The value of education, networking and designations About Robert: Robert Thornburgh, SIOR, CCIM, CPM, FRICS, SIOR's Chief Executive Officer, is responsible for the management of the Society’s business and executing the directives set by the SIOR Board of Directors and its governance committee. Thornburgh, a long-standing commercial real estate specialist and trailblazer based out of Los Angeles, California, brings more than 25 years of exemplary industry knowledge and leadership experience, with a strong focus on integrity and a transformational, service-oriented style of leadership. He comes to SIOR from Kidder Mathews, where he was a shareholder and regional president of brokerage for many years. During much of his professional career, Thornburgh served as the CEO at Heger Industrial, a prominent real estate firm with a 60-year legacy in the Los Angeles market. Additionally, he has also served as SIOR Global President and sat on the SIOR Board of Directors. His knowledge and commitment to SIOR are longstanding and valuable assets. He has also been consistently recognized across the commercial real estate industry for his emphasis on innovation and his passion to help others achieve their goals. In 2020, he was honored as a “Best Boss” by ALM Media. Thornburgh began building an early foundation for a career path in real estate. Prior to leading Heger Industrial, he worked with R3 Investment Group in the 1990’s - an investment company he still owns to this day. In 2017, Heger merged with Kidder Mathews. As part of the merger, Thornburgh joined the company’s executive leadership team where he was influential in expanding the firm’s presence across the West Coast. He proudly holds four of the most respected designations within the commercial real estate industry – SIOR, CCIM, CPM, and FRICS. This is a distinction that less than one percent of all global commercial real estate practitioners maintain. Connect with Robert: LinkedIn: https://www.linkedin.com/in/robertthornburgh3/ Website: http://www.sior.com/  --  ⚡ Become an Industrial Insider:   https://www.youtube.com/c/ChadGriffithsCRE?sub_confirmation=1   📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-insiders  🙋‍♂️ Chad Griffiths, MBA, SIOR #industrialize #industrialinsiders #industrialrealestate

This is a Live interview with Beverley Theresa, owner of Throwdown Social Media. This will be an awesome opportunity to learn more about social media strategy from an expert who also has previous industrial real estate experience. I'm a huge fan of Beverley's, and little known fact, she is the reason I have a YouTube channel in the first place! We're going to chat about a number of topics: ✅  What social media platforms are optimal for the industrial real estate industry ✅  How industry professionals and investors can utilize social media to grow their businesses ✅  Tips and tricks to level up your social media game About Beverley: Beverley Theresa is the owner of Throwdown Social Media and helps businesses and brands win at social media marketing through consulting, training, online learning, and speaking engagements. Her hands-on experience has led her to work directly with clients such as the Rogers, United Nations Association in Canada, Cushman & Wakefield, and the Canadian Gift Association. Beverley is also a published author in Search Engine Journal’s How to Dominate Social Media: A Complete Strategy Guide. With over nine years in the social media industry, she is a regular guest on podcasts, web series, and a crowd favorite featured speaker at conferences. Audiences love Beverley's humor, sass, authentic viewpoint, and real-life examples that clearly illustrate strategies and tactics to help businesses improve their social media marketing. ---- Website:  hellobeverley.com Social Media: https://twitter.com/hellobeverley https://instagram.com/hellobeverley https://linkedin.com/in/hellobeverley https://facebook.com/hellobeverley -- ⚡ Become an Industrial Insider: https://www.youtube.com/c/ChadGriffit...  📢 NEW! Join the Industrial Insiders Club and get personally curated news direct to your inbox. It's free and you can unsubscribe anytime:  https://industrialize.com/industrial-... 🙋‍♂️ Chad Griffiths, MBA, SIOR #industrialize #industrialinsiders #industrialrealestate