JF3284: Anthony Scavo - Uncovering Opportunities in Multi-Tenant Industrial Real Estate

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:  Instagram LinkedIn 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.   Click here to learn more about our sponsors: Masterworks Rent to Retirement Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors who want to build wealth, build a legacy, and do more good in the world. So if you want the real stories behind the good, the bad, and the worst ever deals — plus, insights into what really goes on in commercial real estate investing — you’re in the right place. Our hosts interview commercial real estate experts every day to uncover secrets and strategies YOU can use to become a better, more informed investor. This is the Best Ever CRE show.