719: Great Opportunities In Flex Industrial In Growing, Secondary Markets

As light bay industrial continues to thrive, and other asset classes struggle, institutional money is chasing these deals. There’s still a shortage of supply, and new construction costs are prohibitive. Private equity, family offices, life insurance companies, and others are partnering with operators to generate yield. There is compelling value in secondary, under the radar markets. Many of these properties are owned by ma-and-pa operators with significantly below market rents and prices up to 50% below replacement cost. Grant Reaves, Managing Director and Co-founder of Stoic Equity Partners in Alabama, is acquiring value-add Flex Industrial properties in secondary markets in the Southeast.