In this episode of the Real Estate Syndication Show, our guest host Jim Pfeifer, engages in a conversation with Grant Reaves, co-founder, and managing director of Stoic Equity Partners. They discuss the intricacies of the real estate market, specifically focusing on value-add multi-tenant flex industrial properties in the Southeast.
Grant shares his journey, starting in commercial real estate brokerage right after college and transitioning to the principal side of the business during the COVID-19 pandemic. In 2020, he and business partner Jeremy Friedman established Stoic Equity Partners, actively engaging in underwriting and property acquisitions.
Grant provides insights into flex industrial properties, ranging from 30,000 to 150,000 square feet, accommodating a mix of office and warehouse spaces, catering to various tenants, including general contractors and service-based businesses.
The conversation also covers the current state of the flex industrial market, especially in secondary cities in the Southeast. Grant highlights the low supply, high demand, the opportunity to purchase below replacement cost, and the resilience of these properties against work-from-home trends.
For investors vetting operators like Stoic Equity Partners, Grant emphasizes examining supply and demand metrics, cash flow from day one, and the operator’s in-house capabilities, along with the use of local management and brokers.
Listeners can connect with Grant Reaves on LinkedIn or via email at [email protected]. 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 focused on financial freedom through passive investing in real assets generating cash flow, he invites individuals to connect at www.leftfieldinvestors.com or reach out via email at [email protected].
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About Grant Reaves:
Grant Reaves, Co-founder and Managing Director at Stoic Equity Partners in Daphne, AL, oversees Acquisition, Investor Relations, portfolio management, and debt relationships. With partner Jeremy Friedman, he’s expanded Stoic’s real estate portfolio to over $50MM and 500,000 SF since July 2021, initially focusing on self-storage and later transitioning to value-add, multi-tenant flex industrial properties across the southeast.
After business studies at Auburn University, Grant entered commercial real estate brokerage, specializing in nationwide limited service hospitality asset sales. By age 22, he had experience across all asset classes before narrowing his focus to owner/operator relationships of limited service hotels along the Gulf Coast. Joining Marcus & Millichap’s National Hospitality Division broadened his reach, resulting in the successful closure of over $100MM in hotel transactions. This extensive brokerage experience now informs his pivotal role at Stoic.
Grant, residing in Fairhope, AL, with his wife Lawren and son William, brings a wealth of experience to Stoic Equity Partners.
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