#United States #Boca Raton, Florida #Basis Industrial #Co-GP IV #Tampa Properties

Basis Industrial's Co-GP IV Investment Vehicle

Basis Industrial, a prominent player in the real estate sector, has officially launched its Co-GP IV investment vehicle, marking its fourth co-GP fund initiative. This new vehicle aims to strategically acquire a portfolio of multi-tenant industrial (MTI) properties located in Tampa, Florida, a region renowned for its robust real estate market.

Why Co-GP IV Matters

Initiated on February 10, 2025, this fund is a testament to Basis Industrial’s ongoing commitment to delivering superior risk-adjusted returns to its investors. The Co-GP IV vehicle intends to leverage Basis’s expertise in managing high-value industrial real estate, utilizing strategic property management, innovative leasing strategies, and fostering long-term partnerships.

Anthony Scavo, the firm’s president and managing partner, expressed excitement about the launch, stating, "Through Co-GP IV, we are reinforcing our commitment to identifying and managing high-value industrial real estate in Sunbelt markets. This portfolio exemplifies our strategy of leveraging market fundamentals to achieve long-term value creation, and we are confident that it will deliver strong results for our partners."

Portfolio Highlights

The Co-GP IV initiative boasts promising aspects:

• - Acquisition Strategy: Properties are targeted at approximately 50% below replacement cost, which provides a significant financial advantage.
• - Increasing NOI: There are clear opportunities to substantially enhance net operating income (NOI) via proactive management and effective leasing strategies.
• - Strategic Location: The properties are based in the Tampa MSA, recognized for its dense population, restrictive zoning laws, and steady tenant demand, which collectively enhance the attractiveness of these assets.
• - Operational Excellence: Housing operational prowess through BaySpace, Basis's internal property management division, assures tenant satisfaction and operational efficiency, essential features in maintaining high occupancy rates.

This new fund exemplifies a strategic move into the increasingly lucrative Tampa industrial sector. The city has seen consistent growth in population and business activities, making it an optimal location for investment in industrial real estate. As Basis Industrial continues to expand its portfolio, investors can anticipate that this venture will uphold the company’s strong track record of success.

About Basis Industrial

Established by industry veterans Jay Massirman, Stephen Garchik, and Daniel Weinstein, Basis Industrial is a privately held, vertically integrated real estate leader based in Boca Raton, Florida. Under the leadership of Anthony Scavo, Basis has rapidly expanded its footprint, now owning more than 5 million square feet of self-storage and industrial properties, with additional expansions projected.

Having been named the fastest-growing company by the South Florida Business Journal in 2023, Basis Industrial has solidified its position in the real estate market by receiving multiple awards for innovation and efficiency in property transactions.

For further inquiries regarding Basis Industrial or the new Co-GP IV investment vehicle, interested parties can contact Morgan Clark at [email protected] or visit their website at www.basisindustrial.com.

This announcement serves not only as a milestone for Basis Industrial but also as a beacon of opportunity for investors looking to engage in the dynamic industrial real estate market of Tampa.