Why Relationships Build Billionaires

Success in real estate is not just about properties. It is about people, timing, and building systems that scale.In this episode of The Palumbo Podcast, Phil sits down with Anthony Scavo, President and Managing Partner of Basis Industrial, to break down how he helped grow the company from a small operation into a 7 million square foot industrial real estate powerhouse. Anthony shares the lessons he learned working alongside billionaire real estate families, why operations and relationships matter more than most founders realize, and how Basis Industrial is positioning itself for a massive future exit.Anthony also opens up about making the leap from employee to entrepreneur in his mid-40s, the realities of scaling a company with thousands of tenants, and why today’s real estate market still offers huge opportunities for patient investors.In this episode, you’ll learn:Why communication and relationships drive business growthHow industrial real estate creates long-term wealthThe mindset behind scaling toward a billion-dollar exitIf you want to understand how real estate empires are truly built, this conversation delivers an inside look from someone doing it in real time.