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 [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 of like-minded individuals interested in creating financial freedom thAfter interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/