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May 25, 2022

Episode 16 - Industrial Real Estate - Creating Value Through Flex Space

Episode 16 - Industrial Real Estate - Creating Value Through Flex Space

In this episode of Purpose-Driven Wealth, your host Mo Bina and guest Richard Kent talk ‘flexibility’ in industrial flex spaces. When other assets started looking like ghost towns during the pandemic, industrial spaces were spared. In fact, in...

In this episode of Purpose-Driven Wealth, your host Mo Bina and guest Richard Kent talk ‘flexibility’ in industrial flex spaces. When other assets started looking like ghost towns during the pandemic, industrial spaces were spared. In fact, in Avistone, vacancy rates didn’t look any different from pre-pandemic numbers. Richard explains how industrial properties benefit from the industries they serve, the preparedness industrial real estate operators need to constantly be in, why 40% of their investors are CPAs, and the general explanation of how phenomenal flexible industrial spaces can be. In this episode you will learn:
  • What Richard Kent learned as a stockbroker
  • The industries that Avistone leases to
  • Tenants aren’t going to pay thousands for rent for a space that needs further improvement
  • The trends for industrial real estate
  • It’s a once in a decade opportunity to invest in hospitality real estate
  • and so much more!

About Richard Kent:

 

Richard Kent oversees Avistone’s capital markets operations and brings 40 years of experience in financial services, real estate investment, and capital markets to the company.

 

Having completed transactions in commercial properties valued at more than $2 billion, Richard served as a senior executive at Auction.com (now Ten-X) prior to founding Avistone.

 

Over the course of his career, Richard has held senior positions in the commercial real estate departments of Wall Street firms, commercial banks, and real estate operating firms, including Drexel Burnham, Salomon Smith Barney, and Commercial Capital Bank (now JP Morgan Chase) and Deutsche Bank Berkshire Mortgage.

 

Rich holds a BA in Political Science and Economics from San Diego State University.

 

Follow Richard Kent on:

 

Website:          https://avistone.com/

 

Connect with Mo Bina on:

 

Website:          https://www.high-risecapital.com/

Medium:          https://mobina.medium.com/

 

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here:
https://www.high-risecapital.com/resources-index