POPULARITY
6 episodes with chad griffiths
6 episodes with chad griffiths
4 episodes with chad griffiths
2 episodes with chad griffiths
2 episodes with chad griffiths
2 episodes with chad griffiths
2 episodes with chad griffiths
2 episodes with chad griffiths
2 episodes with chad griffiths
In this episode of The Industrial Real Estate Show, Chad Griffiths welcomes returning guest Deren Huang, an industrial investor based in Tulsa. The interview kicks off with a fun lightning-round game where Deren challenges Chad to blindly rank various investments (from gold and Bitcoin to Olive Garden leases and drive-thru wedding chapels). The playful setup leads to insightful discussions about risk tolerance, asset classes, and how personal experience and logic influence investment preferences. Chad consistently favors predictable, scalable investments like the S&P 500 and industrial real estate, while expressing skepticism about novelty concepts and collectibles like vintage guitars.The conversation then shifts into a deeper dive on Darren's evolution from owning over 100 single-family homes to now managing over 200,000 square feet of industrial real estate in Tulsa. He shares candid lessons from early mistakes (such as overvaluing clear height at the expense of location and functionality) and emphasizes key attributes like geometry, site coverage, and access. Darren outlines his buy-box, investment strategy, and how he creatively financed properties during volatile interest rate shifts. He also discusses his transition from residential to industrial, the operational benefits of triple net leases, and his plans to pursue infill development. The interview closes with thoughtful advice to aspiring investors: start by learning the fundamentals, get to know your local market, and always remember that even in commercial real estate, you're still dealing with people.Connect with Deren:Website: https://www.derenhuang.com/tulsaLinkedIn: https://www.linkedin.com/in/derenhuang--
In this episode of The Industrial Real Estate Show, Chad Griffiths is joined by co-host Matt Carroll and returning guest Dr. Jim Tompkins to discuss the current state of global trade, tariffs, and how these issues are impacting supply chains and industrial real estate. Dr. Tompkins breaks down the rationale behind U.S. tariffs under President Trump, arguing that while they have caused short-term pain, they are strategically aimed at rebalancing decades of trade deficits. He explains that tariffs, when combined with tax and regulatory strategies, can strengthen domestic manufacturing and reduce dependency on adversarial trade relationships. He compares this approach to adjusting a basketball strategy at halftime—adaptability, not inconsistency, is the goal.The conversation transitions into a broader discussion of “reglobalization,” where supply chains are being restructured for resilience instead of just low cost. Dr. Tompkins outlines how companies should evaluate where to locate operations based on industry clusters, such as semiconductors in Phoenix, Austin, and Columbus, or pharmaceuticals in Boston, New Jersey, and North Carolina. He stresses the importance of optionality—diversifying suppliers and manufacturing locations—and points out how tools and government resources can help small and mid-sized businesses adapt. He concludes on an optimistic note, saying uncertainty is lifting and businesses should stop waiting and start preparing.--
In this episode of The Industrial Real Estate Show, Chad Griffiths interviews Charlie Stanton of Valley Advisory and Management to unpack the often overlooked but critical role of property management. With over 1.5 million square feet under management across Texas and Arizona, Charlie explains how property managers are the “catch-all” for maintaining properties, enforcing leases, resolving tenant issues, and mitigating risk, especially in industrial settings where unexpected problems like roof leaks, unauthorized modifications, and illegal dumping are more common than many owners realize.Charlie emphasizes that great property management requires not just responsiveness but also deep knowledge of leases, maintenance, and financial reporting. He highlights how the industry has evolved from handwritten ledgers to sophisticated platforms like Yardi, which improve documentation and transparency. He also stresses the importance of regular site visits, clear communication with tenants, and understanding the full scope of responsibilities tied to commercial leases, especially for smaller tenants who often underestimate their obligations.The conversation wraps with tips for landlords interviewing potential managers: ask about their workload, team structure, tenure, and software tools. Charlie also shares wild stories from the field, including discovering unauthorized mezzanine builds, dealing with vacant buildings, and handling risk scenarios like pothole claims. The big takeaway? Property management is far more complex (and influential) than most people think, especially in industrial real estate.Connect with Charlie:LinkedIn: https://www.linkedin.com/in/charles-stanton-cfa-b8172591Valley Advisory & Management: https://www.vamcre.com/--
In this wide-ranging and insightful conversation, economist Todd Hirsch joins Chad Griffiths to discuss the economic uncertainty facing North America in 2025, emphasizing that the global landscape is marked by chaos driven by unpredictable tariffs, geopolitical instability, and technological disruption. Todd argues that traditional forecasting has become futile and that businesses must prepare for a range of outcomes rather than fixed predictions. He notes that while tariffs may incentivize reshoring, the timeline for such shifts is misaligned with their short-term impacts, leaving many companies in a holding pattern. They also explore how AI, autonomous vehicles, and shifting global trade dynamics could reshape labor markets and real estate, though adoption is proving slower than expected. Despite the uncertainty, Todd encourages optimism, adaptability, and a renewed focus on human connection and long-term resilience.About Todd:Todd is a leading expert on adaptability and managing the transition in a complex and unpredictable global economy. A visionary in his field, he inspires audiences around the world to re-think the modern economy, and directs leaders to re-imagine how to survive and thrive in an ever-changing world.He demystifies today's volatile and colliding economic factors and interprets their impact, illustrated by relevant and memorable examples valued by industry leaders. His expert assessments map global trends to deliver a fresh, insights-fuelled outlook that enables his audiences to adapt to the emerging economic forces affecting their world, industries and careers.With three TEDx Talks, hundreds of presentations and four books, Todd delivers well-researched presentations with compelling examples, metaphors and images replacing the traditional deluge of charts and graphs. He represents a modern approach to current economic trends that take into account the past, present, and most importantly the future. Take-aways for attendees include tools to navigate their business, their team and even their personal lives through a world that is in constant flux.Connect with Todd:WebsiteLinkedIn--
What type of industrial building is Chad Griffiths investing in today? What are the downsides of the industrial asset class? Chad Griffiths, Partner and Commercial Real Estate Agent at NAI Commercial Real Estate shares his knowledge.Read this entire interview here: https://tinyurl.com/mre9kmt4What are you investing in right now?I like very simple buildings that can be used for multiple purposes, and my favorite is Flex Industrial. It is any industrial building in an industrial park used for other purposes than manufacturing or warehousing. One building that I have on a main industrial road used to look industrial until we did a renovation on it. We have an office tenant in there, a hot tub store, a flower shop, a cabinet store and we just put a bridal dress company in there, all are nonindustrial uses. Most people would never think of a bridal shop being an industrial building, but this building works for so many different types of uses, that if we have a vacancy come up, we might have 20 to 30 different ideas that people present to us in terms of what could work in the building.I love that in flex industrial the rates tend to be a lot more competitive than retail. If someone wants to be in the suburbs as an office user, you're typically going to be paying a lot less than being in a dedicated office building in the suburbs, and you could still have light industrial in there as well. It's versatile and it's somewhat removed from warehousing. The one that I have is more in the inner city limits. It's very difficult to build something next door to us to compete with us, whereas, if you have a warehouse outside of city limits and there's available land, you could go and build another building next door, and have the versatility of the different types of tenants, that's my preference. If I could buy one thing going forward, that's what I'd focus on.There are a lot of people who are opposed to data centers. Anytime a new one gets presented, it seems that there's an opposition group that are trying to fight it and get it blocked. I understand that pushback, but we need these data centers. AI is growing at a crazy pace. We need the data centers on top of it. There's a study that said that by 2030 data centers will take up 9% of the total US grid, that's double from what it is today, and that's already coming off of huge growth in the last few years, as these data centers have become more prevalent. They're taking up a lot of power, the forecast is for them to take up even more power, and they also need water, which is, I think, an under appreciated component of data centers. What are the downsides of the industrial?I've said to a lot of people, don't invest in industrial real estate. The biggest thing is, if you make a mistake, it's magnified much more than any other asset class. To illustrate, imagine if you were to buy a 15-unit apartment building, and you bought it in a good area, in a city, you're always going to have tenants in there. You just might need to lower the rent a little bit. If it's $1,200 and you say, "I just want to have I want to make sure my bills are paid." and you undercut the market at $800, you'll always have tenants. It's a matter of what price you need to accept. In industrial, if you buy the wrong building, you might never find a tenant. There are horror stories that I could tell of guys that have bought a property and they've sat vacant for years. If you do that with a single-tenant building, perhaps for the equivalent price of a multi-tenant apartment building, and it sits vacant, you lose 100% of your revenue. Chad Griffithswww.industrialize.comwww.youtube.com/@industrialize
What are the latest news in industrial real estate? How to predict what kind of industrial will be in demand in the future? What are some characteristics of an industrial building that would allow you to have different types of tenants? Chad Griffiths, Partner and Commercial Real Estate Agent at NAI Commercial Real Estate shares his knowledge.Chad Griffithswww.industrialize.comwww.youtube.com/@industrialize
Industrial real estate's favorite expert, CHAD GRIFFITHS, shares the risks associated with industrial real estate investing, going so far as to recommend that investors DON'T do it unless investing as an LP with an industrial expert. For those of you who will not be deterred, Chad ends with sharing 2 things that will make you an UNSTOPPABLE industrial broker or investor. See! It's not ALL bad. Watch The FULL PODCAST: https://youtu.be/c4RcuT9WNEU Chad's recommend Twitter/X accounts: @PermitZIPelec @KPRunion @PermitZIPhvac ⏰Time Code⏰ 00:00 - Don't Invest In Industrial 00:28 - The Risk 01:03 - Dumb Money 03:44 - Advice to Brand New Industrial Brokers/Investors 04:22 - Become An Expert 05:15 - Understand Your Local Market
Commercial Real Estate brokers in Kentucky and other states where the cannabis legalization journey has begun, are going nuts as their phones are flooded with calls of eager investors hoping to capitalize on the projected demand. Industrial real estate's favorite expert, Chad Griffiths, has a unique perspective to offer being Canadian and having experienced the "green rush" that happened in Canada. "There is blood in the streets!" he warns after seeing countless investors, including himself, lose big due to oversupply in anticipation of a demand that turned out to be a small uptick. "If anything, I'd look to short the market" he advises Bo Barron, CCIM and Timmy Barron, ADHD who are in the state that's on the cusp of this movement. UP NEXT, Don't Invest In Industrial: https://youtu.be/7ZF2ZTZJKoM Watch the FULL PODCAST: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - Cannabis Real Estate Is Calling 01:04 - Canada's Cannabis Blood Bath 03:43 - States vs National Legalization Impact? 07:18 - Most Should Not Invest in Industrial
Industrial real estate's favorite expert, Chad Griffiths, explains the thesis by which his entire investment strategy is based on. Class B industrial property's supply is fixed. They are not making anymore of it. However, the demand is not going away. In fact, it's rising in areas with growing populations which creates a recipe for a low risk and high cash flow investment. And with all the fancy Class A industrial buildings being developed, Class B and C are almost always overlooked. UP NEXT: Cannabis Real Estate | GREEN RUSH or BLOOD BATH?: https://youtu.be/85fI3Sg0-tA Watch The FULL PODCAST: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - Start 00:16 - Class A 00:53 - Class B & C 01:54 - Class B is for Best 05:49 - Safer From Potential Threats 07:59 - Cannabis Real Estate
Industrial real estate's favorite expert, Chad Griffiths, breaks down the multi billion dollar investments being made to develop data centers. We also explore how Nvidia flew to the top as the most valuable company in the world with their GPU chips used to power the processing demand of AI. What happens to these made to suit data centers become obsolete? Chad cautions about these hidden risks as technology speeds ahead potentially squashing demand and leaving these data centers to transform into barns. UP NEXT - The Most Overlooked Investment In Commercial Real Estate | Class B Industrial: Watch the FULL PODCAST: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - What Are Data Centers 00:14 - Flex Industrial 01:14 - IOS (Industrial Outdoor Storage) 01:52 - I Like It When You Call Me “Big Data” 03:32 - Nvidia, AI and Demand 05:58 - Why Most Data Centers Are In Virginia 08:15 - What Happens When Data Centers Become Obsolete? 11:20 - Silicon Valley
Industrial Real Estate's favorite expert, Chad Griffiths, explains what exactly constitutes industrial real estate in the simplest way possible. Up next, DATA CENTERS: The Hidden Risks of These Multi Billion Dollar Investments: https://youtu.be/0Ot5P6GDAyo Watch the full podcast here: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - Start 01:51 - Ugly vs Pretty 04:06 - Class A 04:22 - Warehousing 04:57 - Cross Docking Facility 07:57 - Manufacturing
In this conversation, hosts Bo Barron, CCIM and Timmy Barron, ADHD invite Industrial Real Estate's fiancé, Chad Griffiths to discuss various aspects of industrial real estate. They cover topics such as different types of industrial properties, including warehouses and manufacturing facilities, as well as subcategories like self-storage and data centers. They also touch on the importance of factors like ceiling height, loading areas, and power supply in industrial properties. Chad shares his passion for industrial real estate and highlights the unique features and opportunities it offers. The conversation in this part focuses on different types of businesses that can be housed in industrial spaces, such as industrial outdoor storage and data centers. The speakers discuss the challenges and potential risks associated with investing in data centers, as technology and consumer behavior can change rapidly. They also highlight the attractiveness of class B and class C industrial spaces, which have a fixed supply and increasing demand, leading to higher rents and lower vacancies. The conversation also touches on the impact of the cannabis industry on industrial real estate, with Canada experiencing an over-supply and potential pitfalls for investors. In this final part of the conversation, Bo, Timmy and Chad discuss the risks and challenges of investing in industrial real estate. Chad emphasizes that industrial real estate carries a higher level of downside risk compared to other asset classes, and inexperienced investors should be cautious. He advises those interested in industrial real estate to spend several years learning about the industry, becoming an expert in the field, and understanding the local market. Timmy reflects on the lessons he has learned from the podcast and expresses his appreciation for the complexity and artistry of commercial real estate. As always, the episode ends with a fun pop quiz to test Timmy's ability to pay attention and thank their listeners and guests. Connect with Chad Griffiths The Industrial Real Estate Podcast: https://industrialize.com/podcast @industrialize on Youtube @ChadGriffiths on X ⏰Time Code⏰ 00:00:00 - Start 00:05:54 - Who Is Chad 00:09:07 - Describing Industrial to 5th Graders 00:12:35 - Why Is Industrial Unique? 00:15:39 - Ugly vs Pretty Industrial 00:17:28 - Breaking Down Industrial 00:19:21 - Class A 00:28:57 - Data Centers 00:38:36 - Why Most Data Centers In Virginia 00:42:00 - What Happens When Data Centers Become Obsolete? 00:46:13 - How Different Classes Effect Each Other 00:47:51 - Class B vs Class C 00:56:39 - Cannabis Real Estate 01:04:53 - Most Should Not Invest in Industrial 01:09:28 - Advice to New Brokers of Industrial 01:13:05 - Pop Quiz 01:27:00 - Shoutouts
In this insightful interview, Justin Konikow sits down with Chad Griffiths, a seasoned expert in the world of industrial real estate. Discover Chad's journey from residential to commercial real estate, the key differences between the two, and the importance of being a subject matter expert in your niche. Learn about the complexities of industrial real estate and the strategies Chad employs to effectively communicate with his clients. This episode is a must-watch for anyone interested in commercial real estate or looking to take their real estate career to the next level.#primerealestate #RealEstate #Business #Growth #Productivity #CultureWant more in-depth learning?
This week I had the opportunity to interview Phil Copulsky, Director of Private Capital for Westmount Realty Capital. We chatted about industrial real estate with timestamps as follows: 0:00 - Introduction 2:15 - Why industrial real estate 7:22 - What questions come up regularly 12:18 - Who leases industrial spaces? 17:18 - Average tenant profile 19:18 - Identifying markets 30:35 - Downside risk 35:55 - Class B forecast 40:23 - Identifying buildings 43:42 - What do tenants want? 49:39 - What questions should people be asking? About Phil: Before he committed to real estate investing, Phil Copulsky, CFA was a competitive chess player and college basketball player, both instilling the necessary discipline to read like Buffett, focus on developing long-term relationships, and follow the lead of great mentors. Phil is current a Director, Private Capital at Westmount Realty Capital, LLC, where he supports new equity capital raising initiatives and individual deal fundraising campaigns. He has over 10 years of experience in financial services, starting his career at Goldman Sachs. He has degrees from Hobart and Williams Smith Colleges and the University of Texas at Austin and is a CFA charterholder. Connect with Phil: LinkedIn: https://www.linkedin.com/in/phil-copulsky-cfa Website: https://westmountrc.com/ --
Industrial Real Estate Expert & Broker, Chad Griffiths joins Joseph to talk about the three critical focus areas for entrepreneurs and his proven phone call that will open any prospect's door. GUEST LINKS Chad's YouTube Channel Instagram SUBSCRIBE First100K.com Music By: Purple-Planet.com
Chad has been in the industrial Real Estate industry since 2005 as a global commercial Real Estate company member and a partner with his local firm. Chad has completed over a thousand deals with clients ranging from small companies to large institutional owners as an active investor. Since 2014, Chad is co-owner of 150,000 square feet of industrial properties. Chad and Jesse also speak with Tyler Cobble once a month or once every two weeks on his podcast.In this episode, we talked about:• Chad's Bio & Background• First Steps in Real Estate Space• Asset Classes Outlooks• Investing Side of Business• Financing Deals Structure and Challenges• 2024-2025 Opportunities in Real EstateUseful links:Tyler Cauble channel https://www.youtube.com/c/tylercaublehttps://www.linkedin.com/in/chadgriffiths/https://www.youtube.com/channel/UCRc7fHYWp9ThYaReiz8jhyQhttps://www.instagram.com/chadgriffith5
In this week's episode of the industrial real estate show I was honored to be joined by Zach Harris and Hunt Rose from TruCore Investments. Zach and Hunt are two of my favorite guys in the industry and they focus on investing in class B industrial real estate. About Zach: As Managing Director and one of the co-founding partners, Zach is responsible for the leadership, growth, and strategic direction of the company while also overseeing the investment and operational functions. Prior to TruCore, Zach was a Director at Stan Johnson Company for over 12 years, where he specialized in net lease industrial investment sales brokerage for clients nationwide and contributed to the closing of over $5.0 billion in transaction volume. Harris earned his B.S. in civil engineering from Villanova University and his master's degree in business administration from the University of Oklahoma. About Hunt: As Investments Director and a co-founding TruCore member, Hunt oversees investments, financial underwriting, due diligence, and assists in origination of new investment opportunities. Prior to TruCore, Rose was an Associate Director at Stan Johnson Company specializing in providing equity capital solutions for new real estate development projects nationwide. Rose contributed to the capitalization of more than $2.5 billion in transaction volume and placement of over $200 million inequity capital. Rose started his career with Deloitte in the Hedge Fund and Private Equity Advisory Group in Dallas, TX. Rose obtained a Certified Public Accountant designation and earned a master's degree in business administration from Oklahoma State University. Zach on LinkedIn: / zacharystevenharris Hunt on LinkedIn: / hunt-rose-9229694b TruCore Investments website: https://www.trucoreinvestments.com/ --
You probably already know Chad Griffiths. Maybe from his successful Youtube Channel, his insight on Twitter and Linked In, or maybe from his own podcast where he interviews some high performers in industrial real estate. In this conversation, Jonathan and Chad discuss the different types of industrial real estate, the addition of industrial outdoor storage (IOS) to consider, the importance of power, doors, and clear height, the opportunities in small bay industrial, and where Chad sees industrial heading into the future. Connect with Chad:https://www.youtube.com/@industrializeTakeawaysMost investors should stay away from investing in industrial real estate due to the high level of risk and the steep learning curve involved.Investors interested in industrial real estate should spend time understanding the market and consider partnering with someone experienced in the industry.Industrial real estate can be categorized into subcategories such as warehousing, manufacturing, flex buildings, and industrial outdoor storage (iOS).The current state of the industrial market cycle varies for different subcategories, with warehousing experiencing a slowdown and manufacturing seeing an increase in activity.The attributes that make industrial properties attractive to tenants include location, power requirements, ceiling heights, column spacing, truck access, and yard space. Ceiling heights and door sizes are important considerations in industrial real estate, with 18 feet being the recommended minimum height and 14 feet being the minimum door size.Flex spaces offer opportunities for creative build-outs and can accommodate a variety of uses, including office and retail.Industrial outdoor storage (IOS) can be a viable investment, but it requires careful consideration of factors such as location, infrastructure, and tenant turnover.Having a strong online presence and providing valuable content can help build a community and create opportunities in the real estate industry.Long-term outlook and the ability to weather economic downturns are important factors to consider when investing in real estate.Support the podcast by making a monthly donation through Patreon. When you contribute, you'll get access to bonus content not available anywhere else. If you enjoyed this episode, you would probably enjoy reading my weekly newsletter. Every Friday, you'll get a behind the scenes look at my investing, including current events in commercial real estate, deals I'm working on, and random personal things going on in my life. It's a super quick read and you can unsubscribe anytime. - Jonathan Subscribe to the newsletter here: www.thesourcecre.com/newsletterEmail Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
We chatted about a number of important topics related to insurance! About Skylar: Skylar is a commercial insurance broker and passionate advocate for her clients. She is part of Baldwin Risk Partners, an entrepreneur-led and publicly-traded insurance brokerage company headquartered in Tampa, FL. Skylar delivers uniquely tailored insurance and risk management solutions. She believes in the power of relationships to enhance service and product offerings. Skylar's practice continues to be focused on retail brokerage services handling all lines of commercial insurance for: ✅️ Real Estate/REITs
Industrial real estate broker and investor Chad Griffiths joins host Slocomb Reed on the Best Ever Show. In this episode, Chad discusses the state of industrial real estate, including how businesses have become a new class of buyer, how industrial leasing has evolved in a high-interest-rate environment, and how industrial stacks up vs. other asset classes in 2024. Previous Episode: JF2779: Why Now Is the Time to Break into Industrial Real Estate ft. Chad Griffiths Jack Thomas | Real Estate Background Partner at NAI Portfolio 7 industrial buildings, 160,000 sq ft Based in: Edmonton, Alberta Say hi to him at: LinkedIn Youtube Best Ever Book: Skin in the Game by Nassim Nicholas Taleb Sponsors: Viking Capital Baselane
Artificial Intelligence might seem overwhelming but there's a lot it can do for your business if you're willing to spend some time on it. To help with the learning curve, I was honored to be joined by Mark Duclos, President of Sentry Commercial, to hear how he uses AI daily within various commercial real estate businesses he runs. Here's a quote I firmly believe in right now: "You won't be replaced by AI, you'll be replaced by someone who uses AI." Connect with Mark: Website: https://sentrycommercial.com/ LinkedIn: / mark-duclos-sior-cre-62969638 --
Chad Griffiths is here to share his profound knowledge of the industrial real estate market, delving into the opportunities, challenges, and trends that shape this lucrative sector. Join us to learn the crucial aspects you should know before investing in industrial real estate properties! Key Takeaways To Listen For Why industrial real estate is the ideal asset class for you Things you should know before entering the industrial real estate market Strategies for finding tenants and selecting industrial properties to invest in Tips to understand the complexities of industrial RE processes and transactions Valuable advice for new and aspiring real estate investors Resources/Links Mentioned In This Episode Amazon.com MLS.com FedEx Metropolis by Ben Wilson | Kindle, Paperback, and Hardcover Endurance by Alfred Lansing | Kindle, Paperback, and Hardcover About Chad Griffiths Chad has been an industrial real estate broker since 2005 and an active property investor since 2014. As a global commercial real estate company member and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. Chad has been a guest on more than 20 podcast shows and interviewed numerous times by national media. Chad holds both SIOR & CCIM designations and an MBA and is proud to have recently been named an Industrial Influencer by GlobeSt.com. Connect with Chad Podcast: The Industrial Real Estate Podcast YouTube: The Industrial Real Estate Show X: @ChadGriffiths Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/. Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554
Where is the commercial real estate market headed? With soaring interest rates (seemingly set to rise again), banking uncertainty, and inflation, it's certainly an interesting time for this investment class. So, I've brought in some of the best commercial real estate brokers from across North America to discuss what they're seeing in their markets and respective asset classes:Adam Williams: https://www.legacycre.com/team/adam-williams/Chad Griffiths: https://www.naiglobal.com/agents/chad-griffiths,%20mba,%20sior/Jesse Fragale: https://www.avisonyoung.com/professionals/-/ayp/view/jesse-fragale/in/torontowww.tylercauble.com/podcast/episode145
There are going to be cases where a puzzle piece is missing in the system. We're talking about companies who need a property developed by developers or developers missing a piece of land. That's where guest speaker Chad Griffiths of NAI Commercial Real Estate comes in! Although described as professional matchmakers in the commercial and industrial real estate scene, Chad is a podcaster, investor, and broker who thrives in the industrial sector of real estate. With 18 years and counting of experience, Chad is going to educate listeners about commercial and industrial real estate, the trends involved, the markets with the most growth and development etc. All that and more on this episode of Exit Strategies Radio Show. What You'll Learn on this Episode: A look into Chad Griffiths What drew Chad towards commercial real estate? Differences of Industrial and Retail Population growth as a factor Markets' development and growth Want to ask more questions regarding commercial or industrial real estate? Connect with CHAD@: LinkedIn:linkedin.com/in/chadgriffiths YouTube: youtube.com/chadgriffithscre Connect with Corwyn@: Contact Number: 843-619-3005 Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Linkedin: https://www.linkedin.com/in/cmelette/ Email @: corwyn@corwynmelette.com Shoutout to our Sponsor: MEME EUBANKS Do you want something more? More Meaningful Moments opportunities, deeper relationships and memorable experiences? Do you want to make a difference? If you say YES, a career and real estate could be the opportunity you're looking for guiding people to one of the most important decisions they ever made, the purchase or sale of their home can be both rewarding and lucrative. Exit Realty has a revolutionary compensation model training and technology that provides you with the tools you need to start and build your successful real estate career. Call me today MEME EUBANKS Your Country REALTOR at 843-730-3327 that's 843-730-3327 or visit exitlowcountry.com/joinexit and make your EXIT today. --- Support this podcast: https://podcasters.spotify.com/pod/show/corwyn-j-melette/support
Chad Griffiths is an industrial real estate investor based in Canada. He started his real estate journey pretty much like everyone else in residential real estate, and eventually found his way to industrial real estate with the help of some partners. Listen now to learn more about Chad, industrial real estate investing, and what it is like to be in this asset class! Key Talking Points of the Episode 00:00 Introduction 00:43 What is Chad's background in real estate investing? 01:23 What is industrial real estate? 02:50 What are flex-industrial properties? 03:51 Why do these properties turn into under flex-industrial? 04:58 What do investors look at when evaluating industrial real estate? 06:17 How does the construction of an industrial building impact its value? 08:45 What does Chad look for when he's evaluating industrial buildings? 11:07 How is the value calculated for industrial properties? 12:45 Why did Chad get into industrial real estate? 14:30 How has the pandemic affected office buildings? 17:54 What mistakes can investors avoid when getting into industrial real estate? 21:35 Why is patience important when investing in industrial properties? 23:11 What makes tenants in industrial buildings easier to manage? 26:26 What is it like to have corporations as tenants? 28:48 How can you connect and learn more about Chad? Links Youtube: Chad Griffiths https://www.youtube.com/channel/UCRc7fHYWp9ThYaReiz8jhyQ LinkedIn: Chad Griffiths https://ca.linkedin.com/in/chadgriffiths
What is the state of industrial investing today? Are the rising interest rates affecting some properties? What can you do to fix this problem? Chad Griffiths, Partner at NAI Commercial Real Estate, has been working in the space for over a decade and shares his insights. Read this entire interview here: bit.ly/40SLu0O What is happening in the industrial world today? My overarching investment philosophy, and I try to share this with as many people as possible, because I think it's just the healthiest way to look at real estate, is investing very long term, I would almost like to think that I have an infinite money timeline. There are some properties that I don't ever want to sell, they might go to future generations. Anytime I buy a property, I must be as comfortable owning this property in 10 years, as I am today. That type of mentality smooths out these aberrations that we're going through. I think that this is going to be a painful aberration but I also think this is going to be temporary. I don't see interest rates being able to sustain this high going much past 2023. All the governments that are sitting on so much debt, all the corporations, all the households, by design, they're trying to curb inflation by pulling the interest rate lever, but it's making everything very expensive. And I do think that they'll pull that lever too hard and before we know it, we're going to have recessionary pressure and that comes with political implications. It's very hard to get reelected for a politician if they're in a deep recession. We'll start seeing all sorts of promises coming out this year, whether it's the other side saying, We're going to lower interest rates to stimulate the economy. And then the incumbents are going to say, We're going to do the same thing. I think we live largely in a political cycle more than an economic cycle because there are too many people pulling levers to try and get themselves elected. I don't think this is going to be long term in the grand scheme of most of our properties. What would you do if you had a mortgage coming up? I would probably raise money to pay that mortgage for the next couple of years, borrow from whoever you may need to borrow. Even credit cards potentially, there are several credit cards that you do not pay any interest for a year, I would potentially do that. If I believe that the rates are going to be going down. Another idea is start selling, or looking at partnerships. We have to do what we have to do. It's also part of all the preparation that we all have been talking about over the last five years, that people have been thinking, The recession is around the corner. The people that have not prepared and bought at 4% cap rates with 20% down, that's not on us because the wise investors have been warning people about this. It takes a 10% vacancy to destroy a deal in a recession. If people do not underwrite for that…they should have done their homework. A lot of people benefited over the last five years, and the ones that kept being super aggressive, you might need to take some money out of the benefit that you got over the last five years and put into these deals that might be suffering for the next couple of years, in my opinion. Chad Griffiths www.youtube.com/@industrialize Join our newsletter here: www.montecarlorei.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support
How to manage an industrial portfolio? How to compensate managers? What are the key things to keep in mind? Chad Griffiths, industrial investor and Partner at NAI Commercial Real Estate, shares his insights. Read this entire episode here: bit.ly/3JyE9gs How do you manage an industrial portfolio? I have a property that we bought two years ago, it's a $3 million building and there's a single tenant in there, a fortune 1000 tenant that occupies the building of a manufacturing facility. A $3M multi-family building by comparison, has maybe 20 units and it's much more management intensive. The industrial you have one tenant, the multi-family you have 20. The way our lease is structured is NNN: the tenant is responsible for paying all the operating costs on the property. Instead of them calling us for every little thing that goes wrong, they just fix it. In two years, I've been to that property a couple of times, my partner and I self-manage that one. We also have other properties with more tenants, and we have property managers in those ones. Even though it's a lot easier to manage from a time, energy, focus standpoint, there are times when I think you do want to have a professional property manager. When should you get an onsite manager, and how often do they need to go there? The deciding factor for us is largely down to how complex the situation gets. Even though you're not dealing with the same amount of tenants, things come up. The scale of having 10 tenants vs one tenant, where you have one point of contact, it's very easy for us to follow up with a general manager, they take care of most of the things that go wrong. If there was something like an electrical issue, then we get involved and have a contractor come to address it. But it's just much less time intensive to look after one tenant. The one where we have 10 tenants, there's smaller tenants, they need a little bit more hand holding, because they might not know how everything works. There's also a common area, so anytime you're dealing with tenants having to interact, then you potentially have issues. The tenants pay base or net rent to the landlord, they also pay for the operating level expenses of the property. That's usually property taxes, building insurance, common area maintenance, landscaping costs, etc, and that's a budget. When a landlord gives a tenant their numbers in advance at the beginning of the year, the base rent is contractually agreed upon, that could be $10 a square foot for the whole term of the lease, there could be escalations, but that's already known. Whereas the operating costs, all the landlord can do at the beginning of the year is an estimate. At the end of the year, they have to reconcile all those bills, this is how much we actually paid on all these things, add up how much they paid out of how much they collected, and they either need to give an invoice for any amount that is still owing, or they give a credit or refund back to the tenants. Because that operating cost is collected in advance, when the time comes to reconcile and you either have to send an invoice or send a credit, no tenant will ever complain about getting a check in the mail. But a tenant will not be happy if they get a $10,000 invoice at the end of the year because it was poorly projected at the beginning. Chad Griffiths www.youtube.com/@industrialize Join our newsletter here: www.montecarlorei.com --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support
Industrial Real Estate Expert & Broker, Chad Griffiths joins Joseph to talk about the three critical focus areas for entrepreneurs and reveals his proven phone call that will open any prospect's door. GUEST LINKS Chad's YouTube Channel Instagram SUBSCRIBE First100K.com EliteMensCoach.com BUSINESS & LIFE MASTERY FOR MEN™ Helping 7-9 Figure Husbands, Dads & Businessmen Go From Angry & Unfulfilled to PEACE & PURPOSE in 90 Days or Less ... GUARANTEED! See REAL Results at: EliteMensCoach.com Music: Purple-Planet.com
In this week's episode, we wanted to share the best moments of Chad Griffiths episode on Industrial Real Estate. Chad has been an industrial real estate broker since 2005 and an active property investor since 2014. As a member of a global commercial real estate company and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. Chad has been a guest on more than 20 podcast shows as well as being interviewed numerous times by national media. Chad holds both SIOR & CCIM designations, an MBA and is proud to have recently been named an Industrial Influencer by GlobeSt.com. Subscribe to Chad's youtube channel: https://www.youtube.com/c/ChadGriffithsCRE Watch the full episode here: https://www.youtube.com/watch?v=1BUzIjhk-vE #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate
About Chad :Chad Griffiths has worked in the industrial real estate industry since 2004. As a member of a global commercial real estate company and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. In addition to being the host of the Industrial Real Estate Show, Chad is honoured to have been a guest on over 30 other real estate podcasts as well as being interviewed numerous times by national media. Chad earned both SIOR & CCIM designations, and an MBA and is proud to have recently been named an Industrial Influencer by GlobeSt.com.
▶️ Visit to know more: https://www.raphaelcollazo.com/ Welcome, and for all your questions, Chad Griffiths is here to help you with understanding Hospitality Commercial Real Estate with Davonne Reaves. If you are interested in learning about the many facets of commercial real estate, whether you're a business owner, investor, or just someone who's curious about the subject, you'll gain value from being a part of the group! In today's episode, Davonne Reaves, Founder at Vesterr and The Vonne Group, discusses her background and experiences in the commercial real estate industry. Along with that, she shared insights regarding hospitality in real estate, prospective trends for this particular property type, and other related topics (both for owner users & investors). So, watch the full video until the end to learn about the nuances of hospitality real estate. ▶️ If you're interested in learning more about Davonne, check out the following links: ▶ LinkedIn: https://www.linkedin.com/in/davonnereaves/ ▶ Website: https://vesterr.com If you like the video, please SUBSCRIBE and don't forget to press the bell
How do you make a living from industrial real estate? The answer can be found in smart deal-making and understanding the needs of landlords and tenants. Our guest, Chad Griffiths, has been an industrial real estate broker since 2005 and an investor since 2014. As a member of a global commercial real estate company and a partner with his local firm, he's completed 500+ deals with clients ranging from small companies to large institutional owners. In this episode, Chad shares how smart deals can help you to succeed in the industrial real estate industry.
Want to earn more and work less? You up for the challenge? Sign up for the 20x Profit Challenge hosted by Neil Timmins at www.20xProfitChallenge.com To access a FREE collection of resources, go to www.RealGritVault.com Learn from this episode with our guest Chad Griffiths, providing the ultimate guide to investing in industrial properties, what to look out for when getting deals in this niche, and why it's a great addition to your portfolio. Make sure to tune in and get your hands on some gold nuggets! Key Takeaways From This Episode Reasons to invest in industrial real estate What does Triple Net Lease (NNN) mean? Risks of investing in industrial properties and how you can minimize them A relevant skill brokers must have to be an investor An ideal team structure for managing an industrial property portfolio Why taking action is highly-important? About Chad Griffiths Chad has been an industrial real estate broker since 2005. Over the past 16+ years, he's completed over 500 transactions with clients ranging from local companies to large institutional owners. He's proud to be a perennial top producer and a partner with his firm. In addition to earning SIOR and CCIM designations, he's earned a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. He's given numerous local and national interviews regarding the commercial real estate market and has published articles in Forbes, Western Investor, and Real Estate Magazine. Chad recently started a YouTube channel about industrial real estate where he shares his knowledge and passion for the industry. Connect with Chad YouTube: Chad Griffiths LinkedIn: Chad Griffiths Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real estate investor and mentor. He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor. Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil's portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com. Connect with Neil Website: Real Grit LinkedIn: Neil J. Timmins Facebook: Neil Timmins
What are some major items you should keep in mind when negotiating and reviewing an industrial lease? What are some potential major pitfalls? Chad Griffiths a commercial real estate broker and industrial investor will share his knowledge with us. You can read this entire episode here: bit.ly/3e0P84Y Let's review things people should keep in mind regarding industrial leases. A lease is going to spell out who the tenant is, who the landlord is, who the parties are, the size of the space, when it commences, how long of a lease term it is, what the lease rate is going to be, and that can be a fixed rate for the duration of the lease, or it can be a lease that has predetermined escalations in it. Let's use a quick 10-year lease as an example, it might start at $10 a square foot and go to $15 a square foot by the end of the term. What we're actually seeing is quite common right now is a rent increase tied to some percentage, so it could be tied to CPI, or it can just be a percentage that's put in. I just did a lease late last week. It started at $8.50 a square foot and had two and a half percent yearly escalations for a five-year term. We're starting to see that that is pretty common as well. Once you start getting beyond the obvious terms of what's in the lease, who the parties are, how long it's going to go for, what the rent is, then you're going to start getting into provisions that deal with the operating costs. For those needing a quick refresher on it, the majority of leases are going to be structured, I should preface that there are NNN leases. You'll have one lease, it'll say that this is the base amount that they pay, then the tenants also pay for their proportionate share of all the operating level expenses of the building. That's property taxes, building insurance, commentary, maintenance, management fees, and that's always going to be an estimate. The landlord will give the tenant an estimate on what it's going to be in advance. After the year ends and all the bills come in, they either give the tenant a credit, if they charged too much, or they invoice them if there was not enough paid throughout the course of the year. That language is probably the most important thing as a property owner myself, you want to have it very clear that any increases in those expenses can get passed through to the tenant. If that language is vague, and it becomes contentious, it might not be a big deal if it's a small lease like a 5,000 square foot lease, and those discrepancies, but you can imagine when some of these big distribution centers are approaching a million square feet, if there's a small discrepancy between how the landlord expected it to be and what the tenant interpreted it at, that can be 10s, hundreds of 1,000s, if not millions of dollars. Make sure that you understand all the little details, even insurance could be another one that becomes contentious, it varies market to market, but in my market it was common that tenants had to have $2 million worth of insurance. And now almost every landlord has increased that to $5 million of insurance, and there'll be markets where I'm sure it's even higher where prices are higher. But just making sure that that insurance provision is correct, involving your insurance agent, but at least it should be viewed as a document where a number of people have input into it, and the accountant might want to have input into how some of these costs are handled, your lawyer definitely needs to be involved in it, insurance broker is another one. Chad Griffiths www.youtube.com/c/ChadGriffithsCRE --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support
This conversation with Chad Griffiths will make you realize and appreciate the opportunities industrial real estate can offer. He'll enlighten us about the concept of investing in this asset class, how to identify its worth and profitability, and understand its leasing structure. Take a peek at what makes industrial different from other real estate investments, and don't ever miss this episode!Key Takeaways to Listen forWhat makes industrial real estate an attractive investment?How Triple Net Lease (NNN) worksIndustrial real estate: Property types, biggest risks involved, and typical lease agreementsHow to identify and appraise the value of an industrial propertyWhy you should focus on one real estate nicheThe importance of having a long-term vision and success mindsetResources Mentioned in This EpisodePrologisNareitFree Apartment Syndication Due Diligence Checklist for Passive Investor About Chad GriffithsChad Griffiths has been an industrial real estate broker since 2005. Over the past 16+ years, he has completed over 500 transactions with clients ranging from local companies to large institutional owners. He is proud to be a perennial top producer and a partner with his firm. In addition to earning SIOR and CCIM designations, he has earned a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. He has been given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor, and Real Estate Magazine. Chad recently started a YouTube channel about industrial real estate, where he shares his knowledge and passion for the industry. Connect with ChadYouTube: Chad GriffithsConnect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.
Chad Griffiths has been an industrial real estate broker since 2005 and an investor since 2014. As a member of a global commercial real estate company and a partner with his local firm, he's completed 500+ deals with clients ranging from small companies to large institutional owners. Chad has interviewed over 50 industry experts and has also been a guest on over 30 podcasts. In addition to giving numerous interviews on national media he was a recently named an Industrial Influencer by GlobeSt.com. Chad is a big advocate of continuous learning and has earned SIOR, CCIM designations and an MBA during his career.Main Points:The basics of industrial real estateWhat you need to know before getting startedFinding opportunitiesKeys to successPitfalls to avoidContact:Subscribe to Chad's YouTube channel for more industrial real estate content: /www.youtube.com/c/ChadGriffithsCREwww.industrialize.comcgriffiths@naiedmonton.comwww.linkedin.com/in/chadgriffiths/
Industrial Real Estate has proven to be resilient and reliable for cash flow. Yes, there are drawbacks, as in every other asset class, but having a good understanding of the property will help the investor mitigate the risks and succeed in this type of investment.In this episode, Chad Griffiths will give us the pros and cons of industrial real estate from two standpoints – that of a broker and an investor. He'll tell us what to watch out for in the due diligence, the basic requirements in acquiring an industrial property, the common mistake investors new to this class make and how to avoid it. Listen now!Remember, this is your MBA. Have a notepad handy, and get ready to take some notes!Key Points from This Episode: Why Chad prefers industrial real estate over other asset classes like multifamily and self-storage. What makes industrial real estate special, from a broker's standpoint? What are the benefits of investing in industrial real estate? What are the drawbacks? The importance of leases in due diligence – red flags and strengths. What is the biggest risk in industrial real estate investment? How Chad mitigates risks. The length of term for leases that operators try to achieve. Looking at the obsolescence of the property. Due diligence on buying a property. Basic requirements for an industrial property. Common mistake of new investors – buying based on cash flow. Is it crucial to have a broker when investing in industrial real estate? Chad's advice for those interested to invest in industrial real estate. Tweetables:“Go through the exercise of determining what that building is worth if it were vacant.” – Chad Griffiths“Generally speaking, the larger the company, the more aggressive that they're going to be on the lease rate.” – Chad Griffiths“If you don't have a plan for what that property is worth when it's vacant, it can destroy a lot of wealth.” – Chad Griffiths“This (industrial real estate) isn't a hands-off investment vehicle unless you're going the syndicate road and you're just going along as a limited partner. If you want to actively own industrial real estate, you need to be fully engaged with it.” – Chad GriffithsLinks Mentioned:Chad Griffiths on YouTubeChad Griffiths on LinkedInChad Griffiths on TwitterChad Griffiths' emailChad Griffiths' profileAbout Chad GriffithsChad Griffiths has worked in the industrial real estate industry since 2004. As a member of a global commercial real estate company and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. In addition to being the host of the Industrial Real Estate Show, Chad is honored to have been a guest on over 30 other real estate podcasts as well as being interviewed numerous times by national media. Chad earned both SIOR & CCIM designations and an MBA and is proud to have recently been named an Industrial Influencer by GlobeSt.com.------------------------------------Please subscribe to the Real Estate Investor MBA Podcast on the following platforms: iTunesSpotifyStitcheriHeart RadioTuneINGoogle PodcastThis episode is brought to you by the Lehigh Valley Private Equity Fund, a Regulation D, evergreen, private equity fund providing Accredited Investors an 8% annual preferred return and an overall annualized target return of 12 - 18%, through diversification in lending and acquisitions in the Lehigh Valley real estate market. To learn more book a no-commitment call with the fund manager here: https://www.lehighvalleyprivateequityfund.com/virtual-meeting If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment. Doing so helps us continue attracting the highest quality type of guests to interview and for you to listen to.Check us out at our new website at: https://www.rei.mba/Follow us on Social Media:✔️ YouTube✔️ Facebook✔️ LinkedIn✔️ Instagram✔️ Twitter
Chad Griffiths brings a deep knowledge of the industrial real estate market that he shares in regular podcast and YouTube releases. In this episode, we discuss the current state of the industrial market, the relationship between cap rates and interest rates, the growing prevalence of industrial developments in visible locations, and how the drive for “last mile fulfillment” may not mean big box takeovers. Chad looks into the crystal ball about how the industrial market will fare in our current economy. Chad's podcast, The Industrial Real Estate Podcast Chad's YouTube channel, The Industrial Real Estate Show Please share your thoughts on the show or this episode with me. I'm on Twitter @J_Clint. If you have thoughts about future show guests or ideas for episodes, please let me know.
Top lessons learned from a bad industrial investment. How to analyze an industrial property? What's the state of industrial investments today? Chad Griffiths has been an industrial real estate broker since 2005 and investor since 2014. You can read this entire episode here: bit.ly/3APQyIK What is your success criteria for selecting an industrial property for purchase? I am a big believer in looking at downside risk first. Instead of trying to convince myself why I should do that deal, and to some extend you have to, but I do look at the downside risk first. How I look at it is, once the property is vacant, I do the exercise of finding out what that property is worth vacant. Even if you're buying an industrial property and it has a five year tenant in it, that tenant might not renew when their term is up, they might go bankrupt, there are any number of reasons why the tenant could move out before their lease expires. I go through the exercise of determining what that building is worth vacant, and compare that to the pool of available properties for lease, properties for sale, any comparable transaction data that can be offset against it is helpful. This helps us go through the exercise of identifying any things that might be wrong with the building – for example: low ceiling heights, limited power or a poor marshaling area for trucks to get into. If a property has any of those characteristics, at some point it will be vacant and I want to know what my downside risk is by identifying that first, then I will start building out a pro forma on 5 or 10 years and making a number of assumptions. You can manipulate a pro forma in any way you want to have it spit out numbers that look appealing, but before I go through that exercise, I'm making sure that I don't have exposure that I can't afford. Can we go over a deal that you have recently looked at and you either decided to write an LOI for, or not move forward with it? I can share one that I bought, and subsequently sold and lost money on it which is what really helped shape my position on this on why I'm so diligent about this. In 2015, the second property that my partner and I bought, it was a condominium building, similar to residential, a lot of people don't realize that industrial can also be condominiums. This was a 20,000 square foot building, and there were 10 individual condo warehouse bays, and the neighboring company owned their bay, they were a seafood distributor that wanted to expand, but couldn't afford to buy the one next door. We ended up doing a lease with the owner at the time and then buying it back from him. We thought we were geniuses, this company already owns the bay next door, they just invested $250,000 and a cooler, and when 5 years comes up, we're either going to be able to renew them at a higher rate, or we can sell it to them at that point. When the time came, we caught word that they had moved to another building and they were preparing to vacate ours. They were either brilliant in their negotiation tactic, or we just panicked, but we ended up selling it to them for about a 15% loss, because they called our bluff on it. The reason we sold it was because it only had a cooler in it. There was no washroom, no office space, so we would have been forced to pay to have that cooler removed. We tried finding other companies for it and we couldn't, and we didn't want to take on that risk, it was right at the beginning of COVID. Had we gone through the exercise of asking what is this space worth vacant before purchasing it, we wouldn't have paid the price that we did. Chad Griffiths www.industrialize.com GriffithsCRE@gmail.com youtube.com/c/ChadGriffithsCRE --- Support this podcast: https://anchor.fm/best-commercial-retail-real-estate-investing-advice-ever/support
In this episode, host David Abrams is in conversation with Chad Griffiths, Industrial Real Estate Broker, Investor, and Host of the Industrial Real Estate Podcast. Chad likes to say that he eats, sleeps and breathes all things industrial. He admits that much of his success can be attributed to being resilient whenever he was faced with receiving ‘no's over the course of his career. We both have a love and appreciation for building towers, and we discussed how the industrial sector is continuing to evolve. Chad shares his perspective on the office market in city cores, the opportunity for suburban office space to meet increased demand, and how industrial space is taking on different use cases to meet emerging needs. He believes that the building itself can be a significant determinant in making the physical workspace more appealing. Placing an emphasis on what tenants want can have a direct correlation to the value of that building. We both agree that people are the true asset in buildings, and they need to be engaged in a more meaningful way. Chad reveals that the industrial space has not fully tapped into the wave of new technologies that have hit the office and retail sectors. We both agree this new normal requires building operators to be more nimble to respond faster with more creative solutions. Subscribe to TEN so you never miss an episode of the Tenant Experience Network.
Chad Griffiths is an Industrial Real Estate Expert who has more than 16 years of experience in industrial real estate and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer country-wide since 2013 and is a partner with his local firm. In addition to earning SIOR and CCIM designations, Chad has a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. Chad has given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor, and Real Estate Magazine. Quote: “There are always reasons to not do something in real estate. But you have to accept some element of risk. Even doing nothing comes with an element of risk. Highlights: 04:25: How buyers and sellers are navigating today's turbulent waters 08:55: Making sense of investments with the uncertain future of the market 11:30: Conversations the industry is having about making new deals 13:20: Impacts to industrial real estate as a result of a potential drop in eCommerce sales 17:25: The risks of oversupply and overbuilding in industrial 21:20: How Amazon is dealing with changes in the real estate market 25:35: Considerations Chad recommends investors take before moving forward with a deal 27:05: Impacts the war in Ukraine is having on industrial real estate 31:05: Chad's advice for investors today Guest Website: Chad's youtube channel Chad's twitter Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Want to become financially free through real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode of The Real Estate Investing Club I interview Chad Griffiths, I've been an industrial real estate broker since 2005 and an investor since 2014. As a member of a global commercial real estate company and a partner with my local firm, I've completed 500+ deals with clients ranging from small companies to large institutional owners. I hold both a SIOR & CCIM, and an MBA, and am proud to have been named an Industrial Influencer by GlobeSt.com.Chad Griffiths is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Chad Griffiths? Reach out at https://www.youtube.com/c/ChadGriffithsCREEnjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowMASTERY -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com************************************************************************ABOUT THE REAL ESTATE INVESTING CLUB SHOWThe Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips as a real estate investor. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family flips and rentals, to multifamily syndication!#realestateinvesting #passiveincome #realestate Support the show
Grandma and Grandpa Griffiths, professional YouTubers, sat down with Dr. Ben to discuss healthy aging and their personal experiences with hearing loss. After years having difficulty hearing, Chad Griffiths was able connect with Dr. Ben via a telehealth visit to get fitted for the hearing aids that changed his life.
I've been an industrial real estate broker since 2005 and an investor since 2014. As a member of a global commercial real estate company and a partner with my local firm, I've completed 500+ deals with clients ranging from small companies to large institutional owners. In addition to being the host of The Industrial Real Estate Show, I'm honoured to have been on over 20 other podcasts as well as being interviewed numerous times by national media. I hold both a SIOR & CCIM, and an MBA, and am proud to have been named an Industrial Influencer by GlobeSt.com. What You Will Learn: Who is Chad Griffiths? When did he start his career as a broker? What countries would be good places to look for industrial investments? Are there resources for those who just started learning industrial real estate? Is the size of a city matter in investing in industrial real estate? Chad shares what to consider before investing. Introduces the website https://www.howmoneywalks.com/. What are the things to look for before investing in another country? Chad shares the different sub-categories of industrial real estate. What are the two types of technically industrial real estate? Chad shares how he can be contacted. Additional Resources from Chad Griffiths: Website: https://industrialize.com/ Phone: +1 (780) 893-4598 LinkedIn: https://www.linkedin.com/in/chadgriffiths/ Twitter: https://twitter.com/ChadGriffiths Facebook: https://www.facebook.com/chad.griffiths.73 YouTube: https://www.youtube.com/c/ChadGriffithsCRE Attention Investors and Agents Are looking to grow your business? Need to connect with aggressive like-minded people like yourself? We have all the right tools and the knowledge to properly put those tools to use. Visit: http://globalinvestoragent.com/ to see what we can offer and to schedule your FREE consultation!
We've hit the big 5-0.... that's Episode 50 (we haven't quite hit that milestone with our age yet!) And we have an amazing guest and discussion for our golden anniversary episode.In this episode, we are speaking with Chad Griffiths, who specializes as an industrial real estate broker since 2005 and an investor since 2014.Admittedly, this is our first deep-dive on the subject of industrial real estate, and Chad taught us a ton about this asset class, a mystery to most single- and multi-family investors.Industrial real estate can be everything from a small 2,000 square foot warehouse that houses a specific type of product (seafood, for example) all the way up to 1 million+ square foot manufacturing facilities (such as Boeing's factory) or large warehouses (think every Amazon distribution center that you see off the interstate).Chad usually breaks industrial real estate into two main sub-categories:Manufacturing propertiesWarehousing propertiesMiscellaneous properties (also known as Flex properties)Things we discussed in this episode:- How Chad discovered industrial real estate- The general lack of resources for education on the space compared to residential- What exactly is industrial real estate?- Who should invest in the industrial real estate space (think patient and long-term)- How labor intensive is being an industrial real estate landlord?- The versatility of industrial real estate spaces- How does an investor finance an industrial property?- Vacancy risks for industrial space- How are the returns on investment?- What should a new investor do before buying industrial real estate?- Why you should always look at properties as though they were vacant- Advice for agents interested in going into the industrial spaceGet in touch with Chad:Website - https://industrialize.com/Instagram - https://www.instagram.com/chadgriffithsire/Facebook - https://www.facebook.com/ChadGriffithsIRELinkedIn - https://www.linkedin.com/in/chadgriffiths/Twitter - https://twitter.com/ChadGriffithsYouTube Channel - https://www.youtube.com/c/ChadGriffithsCREJoin Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!#realestatepodcast #nexthome #humansoverhouses #realestate #realestateinvesting #realestateinvestor #realestatelaw #industrialrealestate #commercialrealestate #warehouses #industrialrealestateagent #supplychain #warehousing #manufacturing #flexproperties #industrialpark___________________The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.You can follow our sponsors here:NextHome Titletown Real Estate on InstagramNextHome Titletown Real Estate on FacebookNextHome Titletown Real Estate on LinkedInAttorney Rory Gill on LinkedInThe Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courSupport the show
The Canadian real estate industry is buzzing these days, but many people don't realize that there's more to real estate than houses and apartment blocks. Industrial real estate is also booming, and there is an opportunity for some investors to buy in. Chad Griffiths has been an industrial real estate broker since 2005 and an investor since 2014. As a member of a global commercial real estate company and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. Chad joins the show this week to explain how industrial real estate works, and how a person can get started investing in industrial properties. You can find the show notes for this episode at https://maplemoney.com/194 Willful's user-friendly online platform means you can create your legal will and Power of Attorney documents from the comfort of home in less than 20 minutes and for a fraction of the price of visiting a lawyer. Get started for free at https://maplemoney.com/willful and use promo code MAPLEMONEY to save 15%
With COVID-19 enhancing the significance of logistics and a number of industrial possibilities, there's no surprise that industrial real estate has become one of the hottest property investment types today. We are joined today by expert Chad Griffiths, an Industrial Real Estate Broker since 2005 and an investor since 2014 to share his knowledge gained from his experience in the space. Tune in till the end to see whether you're ready to jump into this asset class and if this is the ideal investment kind for you! [00:01 - 02:52] From A Broker to an Investor Chad talks about his background and how he came to work in the industrial real estate space Chad's own Youtube channel and podcast show: A fruit of his love for industrial properties How he distinguishes between his broker and investor hats [02:53 - 15:54] Industrial Real Estate Is Not for Everyone What you should know before contacting a broker Finding the best deals by building relationships Chad shares practical steps on how to build client relationship Do not invest in industrial real estate without sufficient knowledge Inflation's impact on renters and investors [15:55 - 18:59] Closing Segment Recession and its effects on inflation and interest rates Connect with Chad on the links below ----------------------------------------------------------------------------- Want to learn more about industrial real estate investing? Connect with Chad! LinkedIn The Industrial Real Estate Podcast Connect with Sam Wilson I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts Spotify Want to read the full show notes of the episode? Check it out below: Chad Griffiths 0:00 One of the benefits of industrial I think, is that for the most part, you are getting corporations that have healthy balance sheets as opposed to the residential tenants which you can check all their stuff. But for the most part, the tenants aren't going to be nearly as wealthy as call it leasing a warehouse to Amazon, right? So you're gonna get a pretty good sense that there's retained earnings a company's about healthy cash flow. But due diligence, like you said that it's imperative like people need to be doing their homework to know exactly what they're getting into. Intro 0:30 Welcome to the How to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson Chad Griffiths is an industrial real estate broker as well as investor. Chad. Welcome to the show. Chad Griffiths 0:46 Hey, thanks so much for having me on. Sam, really appreciate it. Sam Wilson 0:48 The pleasure's mine. Three questions I ask every guest that comes on the show 90 seconds or less. Where did you start? Where are you now? How did you get there? Chad Griffiths 0:54 Started in 2005, as a broker who had no idea what industrial real estate was almost slipped into it, a bunch of brokers at the office, were in heavily involved in industrial. So just by sheer serendipity, I found myself in that role. I've been doing it for 17 years since 2014, I started investing in industrial properties myself, with a handful of partners, we built up a decent sized portfolio. And then I just love talking about industrial real estate. So I've got a YouTube channel and a podcast as well, where I just talk everything about industrial real estate. Sam Wilson 1:25 So you went from 2005, you got initiated as a broker. And then it took you nine years to 2014 to start investing yourself to become an investor yourself in it. What was the pivotal moment or kind of the aha moment when you're like, hey, wait, why am I not putting my own capital in this opportunity? Chad Griffiths 1:43 it's funny, you asked that, because I wanted to pretty much from day one, I had some residential properties before I got into commercial into industrial. So I knew right away that that's something I wanted to explore. But it just took time, too, as raising a family. So you got all the things you have to do with a family buying a house, buying cars, raising kids. So it just took time to get through that stage in my life and then get to the point where I had enough money to invest. So I haven't done the syndicate model, where you sponsor a deal. And you have investors come along, it was all my own capital that I deployed. So just took time, it's nine years, when you do the math like that, it does make it seem like it was a long time. But they did go quick, too, Sam Wilson 2:20 Right? So you went in, you say as an investor, you weren't coming in as a partner, you were coming in by on your own deals. Chad Griffiths 2:26 Yes, that is still to this day, everything that we bought has been basically set up an LLC for every single property that we bought, Sam Wilson 2:33 Okay, and you said you aren't doing a syndication model. So you're not bringing in outside capital at all, Chad Griffiths 2:38 We've got a few partners that are really close friends that have come in on a couple of them. But I've got one main partner him and I have bought everything together, we've been on every deal together. And some of them it's just him and I and and others we've got a few small partners as well. Sam Wilson You're still brokering as well, though. Chad Griffiths Still brokering, that's the majority of my day to day business. But it does feed into itself, because I'm looking at properties all the time, I'm studying the market all the time. So I'd like to think I just have my finger on that proverbial balls, Sam Wilson 3:04 What is the deciding factor for you between what you wish to broker and what you want to buy yourself, Chad Griffiths 3:11 I kind of make sure that I don't skirt that wine where it's were could be a little bit unethical. So I put everything in front of clients. First, I'll usually look at something if no client wants to buy it, or if it's outside of the main market that I work in. So I don't want to blur that line by putting my own self interests ahead of clients. So the flow is usually run it through clients first and nobody's interested, then I'll take a look to see if I can make sense of it. Sam Wilson 3:37 What are some things that you feel like others miss when you put a deal in front of them? And all of them pass? And then you come around, say no, I think this is a good deal. What are they missing? Chad Griffiths 3:46 Probably, I wouldn't say it's necessarily something that they're missing, they just they've got a different risk profile. And a lot of times the investors that do it full time, they want to make money when they buy. So they might want to buy 80 cents on the dollar for what the market value is because that's their business, they actually make their money solely off real estate, I don't have that same profile, because I have been coming in from brokerage. So I don't need to get that immediate lift right off the bat. So I can pay retail prices, essentially, I can pay what the market is. Whereas a lot of my clients are trying to get things at a discount, and rightfully so that's how they're building immediate equity into the property. So I've just take a long term horizon, I can I've got 20 of your money, at least in my mind, on how long I can have that deployed for. Whereas some investors might have a sunset clause, if they've got a partnership agreement, and they have to sell after a certain period of time. So then they need to make that really lucrative purchase at the beginning. I just have a different risk profile and a longer term objective. Sam Wilson 4:40 Yes, that makes a lot of sense. On the risk profile side. It's also interesting that you are able to pay more or closer to market rate just because you don't need to get that squeeze right out of the gate. Chad Griffiths 4:52 I like the term squeeze because you're right. That's probably what a lot of these guys are thinking. Right squeeze. That's a good analogy for it. Sam Wilson 4:57 Right? Yes, absolutely. Talk to us about I'll give us some tactical things that people can do when they're reaching out to a broker for the first time, I'm sure you get a lot of people calling you. Hey, you know, Chad, I'm interested in industrial and a bet there's things right out of the gate that you can tell when it's a tire kicker, that's wasting your time. So how do we maximize our relationships? Especially on the front end with brokers? Chad Griffiths 5:20 That is a great question. Because you're right, there are significantly more buyers on the sidelines with capital deploy right now than there are actual sellers. And that's in every asset class. That's not just industrial, it's multifamily, retail, you name it, there's a lot of capital on the sidelines. And there's a lot of people looking, there's seldom a day that goes by where I don't actually have an investor reach out to me and ask if I can send them properties. It's difficult, because I've got a dozen really good clients ahead of them that I know well. So I would say it's a patience game. And it's also a game where you've got to reach out to a few brokers. And what I would suggest is see to it to actually start building a bit of a relationship with a broker, instead of just saying, Hey, can you start sending me properties, this is what I'm looking to invest in, you'll just be really, you'll be triaged really low on their priority list. So instead, I would reach out, like, if you know, a lawyer in the area, ask a lawyer, if they've got a broker that they can make an introduction to any warm introduction you can get is going to increase the likelihood that that broker will take the time to get to know you a little bit better. And I would just see if you could take the broker out for lunch or take them out for the occasional coffee, just anything to start building a little bit of FaceTime, because you can appreciate if all you're doing is calling a broker, asking them to send you listings, and they don't, they don't have a face to the name, they can't even picture who you are, other than they just know your name and what you're looking for, you're just gonna be so far down on that list, when a property comes up, you probably won't even see it. So I would start building a relationship, try and find a few guys, there's any warm introduction you can do to start initiating that conversation, have coffee, have lunch with these guys and get to know them. And I can guarantee you because I do this with my clients, the clients that I know, well are the ones that are top of mind because I have lunches with them, I have coffee with them. So I think take a long term approach on getting to know these brokers, instead of just assuming that they're gonna send you deals, because it's just very unlikely that you'll get deals if you just phone a calling guys out of the blue. Sam Wilson 7:12 What about doing that remotely? You know, let's say you're buying halfway across the country, you know, what's an effective strategy for building relationships long distance? Chad Griffiths 7:22 Yeah. And you're right, you and I are talking on zoom right now. And this has become very common, have a zoom call, there's nothing to stop someone from just reaching out. And what I found, I'm sure it's the same with you, Sam, is people are very receptive to jump on a quick 15-20 minute zoom call right now. Because it's super efficient, they can do it from their office, it's very easy to do the technology makes it super simple. Just ask the guy if you could reach out to him for 20 minutes to ask him some questions about the market and get to know him a little bit better. Because anything you can do to increase that FaceTime will just increase the chances that you'll get sent deals. And I'd also say don't be afraid to even fly into that city. If you're seriously considering investing in a city, you're going to be there anyways, right? Like you're going to spend some amount of time there, I think. So when you're in there, just say, Hey, I'm coming in from Chicago, or Dallas or wherever you're flying into, and just say I'd love to meet you buy you lunch, I've got introduced to you by a lawyer, somebody that you know, out there, they'll likely take that meeting with you and just make it about building a relationship instead of all about you just want to get deals. That's obviously the ultimate goal that you have with it. But it's got to be more of a win win relationship as opposed to just a give and take relationship. And I think you'll you'll just increase your chances won't guarantee you get deals, it'll just increase the chances that you get deals. Sam Wilson 8:37 What are questions you ask potentially new clients, you know, when you meet them for the first time, Chad Griffiths 8:42 I always want to know what their experiences industrial is a bit of a unique industry where it's not as easy to grasp as some of the other asset classes, like anyone that's bought and sold a couple of houses has a little bit of familiarity with multifamily. It's not going to be natural, but at least they understand the mechanics of it. Industrial real estate can be quite different. So I always just want to know what their background is in industrial, if they bought and sold properties. Did they have a business that perhaps occupied them once and they understand a little bit more? It's just a steep learning curve. So if people don't have any familiarity with it, that makes it tough right off the beginning. And then I just want to see how they're restructuring a deal. Is it them that's deploying the capital? Are they doing a syndicate? How many people are involved in this? Do they have their money raised yet and committed? Where are they at in the in their debt structure to actually buy a property if one comes available, so it's getting a comfort level that they're qualified, they understand what the asset class is and what it isn't and the limitations that go with it. And they're in a position where they can move on something at a very high level. That'd be like the basic questions I'd have. Sam Wilson 9:44 Right, and those are things that people should be prepared to talk with their brokers about, which is why I'm asking you know what you'd like to know out of the gate when you first beat somebody. You know, if you're not prepared to answer those questions, then yet once again, you'll get put to the bottom and or off the list. I would imagine entire Really? So very quickly? Tell us, you know, industrials is obviously very, very hot. It's in demand. One of the arguments I've heard and maybe even offered up myself against investing in the asset class is that you're signing a lot of times 10 year triple net leases on properties, and they're not necessarily inflation resistant. Can you argue that point or tell me why I'm wrong? Chad Griffiths 10:25 I would agree with you actually, in fact, going back to my earlier point, I actually think industrial real estate should be a scary proposition for most investors, there's a lot of reasons to not invest in industrial real estate. I also think on the flip side, there are great reasons to invest. And that's why I put the majority of my net worth into it. But I also understand it at a pretty deep level. Whereas I see a lot of new investors that perhaps are getting tired of investing in multifamily. They're tired and invested in another asset class and they see industrial, because you're right, it is the buzzword of the generation that we're living in right now. But I think that there's that's an interesting reason on how you can quite often lock in your rental rate for 10 years, so hard to really envision having a great exit strategy. If your lease is fixed for the whole 10 years, really, all you're hoping on is cash flow, maybe you have some appreciation and rent for the next buyer, you're not going to hit these big homeruns. And for me, I like that actually, I'm not the guy that swings for the fences, every time I'm at bat, I just want to hit singles and doubles. And if I can have a 10 year hold where I've got very minimal time put into it from a management perspective, and it's steady cash flow, and I can hit these singles pay down some debt, hopefully get a little bit of appreciation, get some cash flow along the way, those are a win for me. But you're 100% right with that assessment is quite often, those rental rates are fixed for a long period of time, we are seeing interestingly enough, a lot more landlords move to pegging those rental rates to CPI increases. So it might be like a fixed cost $10 A square foot for their rent rate. But then there will also be an escalation clause in there that's pegged to CPI. And so the landlords that did that a year ago are laughing right now, because inflation was 7.9% in February. So those tenants are going to see a 7.9% jump in their rent, which is great for the landlords, but awful for the tenants, it depends, I think maybe that's the best way to speak to industry, real estate is it is a lot more complex, there's a lot more moving parts and how you structure a deal, whether you're structuring it, so the 10 years of consistent cash flow or whether you can get a CPI escalation clause in there, or whether you are doing shorter term leases and trying to increase rents as you go. There's a lot of moving parts to it. And I think that that complexities the one of the reasons that I think it should scare the average investor, I'm not the type of broker that will say everybody should be investing in industry, real estate, I'm the opposite. Usually I say if you don't know what industry, real estate is, stick to either what you know, or commit to having to spend a lot of time learning and really understanding what it is because you're competing against guys that know this market so well. And they'll crush you if you don't know what you're doing. They're smart money, you don't want to be the dumb money. Sam Wilson 13:04 I love it. That was I guess the next question there is how receptive are tenants to those leases, pegged to CPI? Chad Griffiths 13:12 Well, I mean, the feds have been trying to keep inflation at 2% as their target for decades, right? I don't think many tenants would have argued it up until these inflation numbers that came out in February. Now I think every tenant is going to say, Well, hold on, like if this is going to be 8%. What does next year look like? Do we see a double digit increase next year? And then at that point, they're going to start rethinking this, but historically, at 2% CPI? That's a pretty easy narrative for tenants to buy into. Right? Yes, you know, you need to have the rent and increase with inflation, we can understand that. But when you start having these 8% increases, all of a sudden, it's going to make tenants rethink that. Sam Wilson 13:50 Yes, it's gonna make tenants rethink it. And then, you know, all the way to the point of at what point can they no longer afford it? I mean, that goes right in line with, you know, these astronomical rent rental increases we've seen in multifamily, where it's like, oh, my gosh, I mean, at some point, the tenant can no longer afford to pay the increases in rental prices. So you know, what that does to the asset over the long term, you know, I guess yet to be determined. Chad Griffiths 14:15 It's an interesting time, my crystal ball is as murky as anyone's but I think you're spot on. It's not even just rent increases, but property taxes, because like you said, with most leases being triple net, all those increases, property taxes, insurance, commentary, maintenance, those all flow through to the tenant, and there's increases in all of those property taxes is a massive problem all over North America all over the world, really. Municipalities just spend with reckless abandon, they've got and there's very few municipalities that actually have fiscal restraint. So they're seeing huge increases in property taxes that all flows through the tenant insurance is a massive problem right now. I'm sure you're seeing this across the board. It's difficult even finding competitive insurance that gets passed through to the tenant commentary maintenance because all these contractors doing well. Landscaping and snow removal, they've all had their cost battle gets flowed through the tenant, like tenants are really getting hit on every side right now. So fortunately, they have that top line revenue growth to sustain it. But I think you're spot on, at what point does the revenue not increase at the same rate as all their expenses are? That's a scary thought really, Sam Wilson 15:18 It really is. And I guess, then it becomes even more incumbent upon you as the landlord to double down on your due diligence on your tenant. Chad Griffiths 15:25 And that is one of the benefits of industrial, I think, is that for the most part, you are getting corporations that have healthy balance sheets, as opposed to residential tenant, which you can check all their stuff, but for the most part, the tenants aren't going to be nearly as wealthy as call it leasing a warehouse to Amazon, right? So you're gonna get a pretty good sense that there's retained earnings, a company's about healthy cash flow. But due diligence, like you said that it's imperative like people need to be doing their homework to know exactly what they're getting into. Sam Wilson 15:55 Yes, absolutely. Chad, what's something you are curious about right now? Chad Griffiths 15:59 I'm curious to know how the Feds keep recession from coming, yet still putting upward pressure on interest rates to combat inflation. And I know that sounds like that is literally something that I think about when I'm going to bed is like, how does this end? Is this going to be a recession, the bond curves about to invert that might even invert this week, that's been historically a pretty accurate tell of recession coming. Is it a mild recession? Do interest rates bump up another 50 100 basis points this year? What does inflation do? I mean, like, I literally have no idea like, I've tried studying this a little bit like I've even gone back to the 70s. When there's a situation like this, and there's just so many other things at play, you can't really look at this as in a vacuum. There's we got a war in Europe, escalating tension there. There's just it's so crazy to me that we come off this once in a century pandemic, for two years that we run through this. And right after we get through it. And we're now running into this war, huge inflation, interest rates recession looming, but it's just it's crazy. It's so such a crazy time to be involved in business. And I think what it's really doing is it's just given everybody a bit of resilience. Because if you can make it through all of this, like you can make it through anything like this is crazy. So I'm excited by it. I find it really fascinating just to see how everything moves and how people make their decisions. But too short answer to the question. Yeah. How does this recession inflation and interest rates all commingle? Sam Wilson 17:26 Yes, I don't know. I mean, my crystal ball is, like you said, as murky as yours is, I've often wondered, you know, repeating the 70s and having massive stagflation. You know, because they're trying to balance both of those. And it's like, well, you know, inflation is going through the roof, and also the economy sucks. So good luck, just like, Okay, it's gonna be a very interesting time. So that's fantastic. What's the book you're reading right now? Chad Griffiths 17:48 I'm actually reading one on the Industrial Revolution, which is just because I'm such an industrial estate nerd. I just try to gobble up everything I can. And it just, it's a very fascinating story about even going back to like the 1760s when the UK was going through industrial revolution, and just how everything evolved around the factory and the factory system. I was just fascinated by it. So yes, it's I can't remember the title of it. But just that history book, essentially, Sam Wilson 18:12 Man, that's awesome. Absolutely love it. Chad. If our listeners want to get in touch with you, what is the best way to do that? Chad Griffiths 18:16 Emails? Great. It's Griffis CR e@gmail.com also have a YouTube channel if they want to go and check that out. Just search by name or search industry real estate. I'm sure you'll come across my channel. Sam Wilson 18:26 Yep, absolutely won't be sure to put all those links there in the show notes. Chad, thanks so much for your time today. I do appreciate it. Chad Griffiths 18:32 Likewise, Sam, thanks so much for having me on. Sam Wilson 18:33 Hey, thanks for listening to the how to scale commercial real estate podcast if you can do me a favor and subscribe and leave us a review on Apple podcast, Spotify, Google podcasts, whatever platform it is you use to listen, if you can do that for us. That would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
Industrial real estate broker and investor Chad Griffiths stumbled onto the asset class he now knows and loves by complete accident. When he joined a company as a broker in 2005, his mentors were heavily involved in industrial real estate, so he naturally ended up learning all about it. Today, he is a partner at NAI Commercial Real Estate and invests in properties as well. In this episode, Chad discusses the state of the industrial space across various markets and explains why now is the ideal time to get in on it. Chad Griffiths | Real Estate Background Partner at NAI Commercial Real Estate. He's an industrial real estate broker and investor, focusing on cash flowing industrial properties with the goal of incrementally raising rents and values by extension. Portfolio: GP of five industrial properties ranging from $400,000 to $4,500,000 Owns several industrial REITs in the U.S. LP of one multi-tenant office/retail property Based in: Edmonton, Alberta, CA Say hi to him at: industrialize.com LinkedIn YouTube Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss
Chad Griffiths visits us in the lab to experiment commercial industrial real estate investment and give a quick look at retail properties. He gives us an idea of what to expect when investing in industrial real estate and the ways it can provide headache-free tenants based on the various unconventional models that industrial real estate provides in addition to high returns. Working as an industrial real estate broker for more than 15 years, Chad has completed more than 500 client deals with both small and big institutional companies. He's the host of The Industrial Real Estate Show and has delved into CCIM, REFM, and SIOR. Rightfully, he has been dubbed as an influencer in his field by GlobeSt.com. Tune into this episode if you're looking to learn the basics of industrial real estate and whether to buy or lease. HIGHLIGHTS OF THE EPISODE: 5:59 - What really is industrial real estate 18:08 - Should you buy or lease as an investor? 27:44 - The beauty of triple net lease in industrial real estate KEEPING IT REAL: 2:57 - Should you try out CCIM, REFM, or SIOR? 8:23 - Three categories of industrial real estate 14:30 - Do retail chains buy or lease industrial properties? 21:35 - The importance of following market trends from Alberta to New York 32:34 - The usual cost of retail chain industrial properties 33:49 - How to get headache-free tenants 38:33 - Property managers as a strategic partner 42:01 - Multifamily vs industrial cap rates and IRRs 51:45 - Are commercial industrial properties good for your portfolio? 56:17 - What is percentage rent? NOTABLE QUOTES (KEY LESSONS): “You need to look at real estate as a conduit functioning for your business.” “You need to just make the best decision for your business, regardless of whether that's a sale or lease opportunity. Just make the decision that you can for the business.” “There're industrial leases that last longer than the average marriage. It's a long-term commitment.” CONNECTING WITH THE GUEST Website: https://industrialize.com/ Email: griffithscre@gmail.com YouTube: https://www.youtube.com/c/ChadGriffithsCRE LinkedIn: https://ca.linkedin.com/in/chadgriffiths Facebook: https://www.facebook.com/ChadGriffithsIRE Twitter: https://twitter.com/ChadGriffiths #properties #industrial #realestate
Chad Griffiths is an Industrial Real Estate Expert. Chad has more than 16 years of experience in industrial real estate and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer country-wide since 2013 and is a partner with his local firm. In addition to earning SIOR and CCIM designations, Chad has a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. Chad has given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor, and Real Estate Magazine. Quote: “I think industrial real estate should scare the average investor—I think that they really should go into it eyes wide open, that if they make a mistake there can be catastrophic losses. I also think there's an opportunity to make really big gains.” “That's the number one thing I recommend to people—suspend the idea that you're collecting rent and look at that property as if it were vacant. And if you can wrap your head around paying the price that you are being asked, then you can start creating fancy models.” Highlights: 02:27 - Chad tells listeners more about his background in real estate. 06:12 - Chad dives into his first acquisition. 15:34 - Chad details what he would've done differently on his second deal, how you can navigate industrial deals and replacement costs. 21:00 - Chad discusses his thoughts on gauging unit prices and outcomes. 22:15 - Chad provides insight into underwriting the tenant and their company's financials. 31:36 - Chad touches on triple-net leases. managing material prices, rent control, and retail markets. 34:33 - Chad explains his most challenging deal and what he could have done differently. Guest Website: Chad's youtube channel Chad's twitter Recommended Resources: Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Diversifying Your Portfolio with Industrial Real Estate. This week on The Executive Real Estate Investing Show, host Michael Holman talks with Chad Griffiths. Chad has been an industrial real estate broker since 2005, and an investor since 2014. Chad has completed more than 500 deals with clients ranging from small companies to Fortune 500 companies, to large institutional owners. Chad shares his knowledge on his YouTube channel, “The Industrial Real Estate Show.” Listen now as Michael asks Chad about how investors can diversify their portfolio with industrial real estate.
Chad has been an industrial real estate broker since 2005 and an active property investor since 2014. As a member of a global commercial real estate company and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. Chad has been a guest on more than 20 podcast shows as well as being interviewed numerous times by national media. Chad holds both SIOR & CCIM designations, an MBA and is proud to have recently been named an Industrial Influencer by GlobeSt.com. Subscribe to Chad's youtube channel: https://www.youtube.com/c/ChadGriffithsCRE #RealEstate #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk Becca's Real Estate Tips https://www.youtube.com/watch?v=hSQsDJUTOW8&list=PLbyMUN39hTNVu6OeabosHIP_CTfuqg_4X Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prereal
Chad Griffiths is a partner with NAI Commercial Real Estate and focuses on the Greater Edmonton area. Chad entered the commercial real estate industry in 2004 and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer with NAI Canada-wide since 2013.[00:01 - 06:21] Industrial Real Estate BrokerLet's get to know Chad GriffithsCheck out the Industrial Real Estate podcastHow Chad got into industrial real estate investing[06:22 - 25:07] Top Tips and Secrets in IndustrialWhat is Industrial Real Estate?Flex Properties: Industrial ZoningHow E-Commerce has been changing the industrial real estate spaceMarkets and LeasingChad shares his principles and some challenges he faced in industrialEliminating market risk and property level of riskHow Chad has made the industrial real estate process appealingOpportunities in Industrial[25:08 - 34:25] THE FINAL FOURWhat's the worst job that you ever had?Working at an industrial factory in high schoolWhat's a book you've read that has given you a paradigm shift?Transfluence by Walt RakowichWhat is a skill or talent that you would like to learn?Learn another languageWhat does success mean to you?“Freedom.”Putting actions behind your wordsConnect with Chad. Links available belowTweetable Quotes:“The bigger the market you go the definitely the more specialization you can have” - Chad Griffiths“You need to always consider that downside risk that comes with industrial real estate.” - Chad GriffithsConnect with Chad through Youtube and LinkedIn. Visit their NAI Commercial, realize your potential and deliver results.LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Support the show (https://www.buymeacoffee.com/weissadvice)
Chad entered the commercial real estate industry in 2004 and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer with NAI Canada-wide since 2013 and became a partner of the Edmonton office in 2015. An active volunteer in the real estate and business community, Chad has previously served as Chair and board member of the Real Estate Council of Alberta (RECA), board member of NAIOP Edmonton, President of the South Edmonton Business Association and member of the City of Edmonton Strathcona Junction Advisory Committee. Chad currently sits on the University of Alberta's Practice of Commercial Real Estate Course Advisory Committee. Get your free book: [www.audibletrial.com/dwellynn](http://www.audibletrial.com/dwellynn) Contact: Gregg Cohen https://www.jwbpropertymanagement.com/ Content Mentioned Blood and Oil: Mohammed bin Salman's Ruthless Quest for Global Power https://www.amazon.com/Blood-Oil-Mohammed-Salmans-Ruthless/dp/B08H2JKTV9/ref=sr_1_1?crid=2BAGBP3KBLRCG&keywords=blood+and+oil&qid=1643863466&s=books&sprefix=blood+and%2Cstripbooks%2C190&sr=1-1 @OlaDantis for all other social media Send me a DM when you follow so I can say hi!
Once Chad Griffiths realized residential real estate wasn't for him, he quickly transitioned to commercial real estate, and has been going that route ever since. With over 16 years of experience as an investor and broker, Chad is a pro at assessing opportunity. Join Chad Griffiths and Host Dan Lesniak as they discuss… ∙ What the first few years look like in commercial real estate ∙ Lead sourcing methods that never fail ∙ Factors to consider when trying to understand the local market ∙ The requirements for getting started ...and much more! QUOTES TO SHARE
Chad Griffiths is an industrial real estate investor with NAI Commercial Real Estate In today's episode we dive into his history with the industrial real estate market, an underserved and high opportunity market to consider in the year ahead Topics discussed: -Hot industrial investing markets to look for -What to look for when considering industrial investing -The benefits of being an expert in one market or one area Be sure to check out Chad's Youtube page and Connect with him on LinkedIn YouTube: https://www.youtube.com/channel/UCRc7fHYWp9ThYaReiz8jhyQ LinkedIn: https://www.linkedin.com/in/chadgriffiths/ --- If you like this episode and would like more of it, be sure to subscribe on all platforms Spotify: https://open.spotify.com/show/21FK4WSAdgzwRq2niiFq7c?si=4f5d41c0eb814655 YouTube: https://www.youtube.com/channel/UCvisblLePw42lYk6z36XY-w Apple: https://podcasts.apple.com/us/podcast/know-your-numbers-with-chris-mccormack/id1548255525
Chad has been an industrial real estate broker since 2005 and an active property investor since 2014. As a member of a global commercial real estate company and a partner with his local firm, Chad has completed over 500 deals with clients ranging from small companies to large institutional owners. Chad has been a guest on more than 20 podcast shows as well as being interviewed numerous times by national media. Chad holds both SIOR & CCIM designations, an MBA and is proud to have recently been named an Industrial Influencer by GlobeSt.com. Subscribe to Chad's youtube channel: https://www.youtube.com/c/ChadGriffithsCRE If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/
Today, my guest is Chad Griffiths. Chad has been an industrial real estate broker since 2005, and an investor since 2014. And in just a minute, we're gonna speak with Chad about industrial real estate. But first, a quick reminder, if you like our show, CRE PN Radio, there are a couple of things you can do to help us out. You can like, share and subscribe. And as always, we encourage you to leave a comment, we'd love to hear from our listeners. Also, if you'd like to see how handsome Our guests are, be sure to check out our YouTube channel. And you can find us on YouTube at Commercial Real Estate Pro Network. And while you're there, please subscribe. With that, I want to welcome my guest, Chad, welcome to CRE PN Radio.
J Darrin Gross I'd like to ask you, Chad Griffiths, what is the Biggest Risk? Chad Griffiths Right now as I see it, the Biggest Risk is that we are forced into another shutdown or lockdown in the market. And I hope that that doesn't happen. I think everybody has fatigue from from this past two years that we've been going through this. And I think everybody wants to get back to business. But I think from the standpoint that if the medical community starts making more issues of this, and if the if some faction of the of the public starts pushing for more, more measures, then then I can see that happening, unfortunately. And if it is for good cause if that is the best course of action, and people agree on it, then then it is what it is. I'm not going to argue it. I'm not going to be that guy with a pitchfork out there saying we can shut down. I just I really hope that we don't. If we do, I'm concerned that how long this is going for, it's just going to lead to a whole set of problems. And that isn't just the immediate ones of of some businesses not being able to be open and the corresponding pressures of revenue and their continuing expenses. But even just what happens with the government's reaction to another shutdown, because I think that that would mean more stimulus, more spending, more money printing and considering everything that we've had to go through in the last two years. I'm concerned that all this spending is just going to lead to some sort of inflation and, and even though the feds are saying it's transitory and and we should be able to get a handle on this, I'm still concerned that this is this is more than just a short term transitory problem. And I like to really only are the I shouldn't say the only, but the biggest ammo that the feds have to fight inflation is just increase in interest rates. So I think that that's coming, I think we're gonna see, I think we're gonna see inflation in the near term, or continued inflation in the near term, I think we're gonna see upward pressure on interest rates. And this This is the status quo like this is if nothing else changes in, in what we're dealing with right now. And interest rate increases is not good for for, for real estate, because it's now costing that much more to borrow. That's a that's, I think that that this happens anyways. But if we have to do another round of of shutdowns and lock downs, and, and the government prints more money and adds more to it than I think that just adds another level to to inflation and, and trickles down to interest rates. So that that's probably the biggest risk that I see right now. But I mean, you mentioned it as well, there's, there's, there's so many areas where we could be terrified of we could be the geopolitical risk, economic risk that like it's endless. And I guess the only solace that I take it in myself is that, in the 16 years that I've been in this business, there's always been risk. Every, every time you open a newspaper at any day, over the last 16 years, and there would have been the media trying to sell us fear about what's all these bad things going on. And I think that that's just, that's a reality that we have to deal with is that there's always going to be that, that risk on the one side, but that's what makes a market and makes a market that there's going to be people that that look at that risk and say, Okay, now we're sellers, and then there's people like me who are more optimistic and not ignoring but maybe suppressing that risk and mentally, who are saying, well, now it's time to buy, like I see a lot of reasons to be optimistic on this. So I think that's what actually makes them a market is that you've got people that are fearful, and you have people that are optimistic, and that the fearful part does weigh on me, I am cognizant of that. But I I still balanced that by just thinking that over the long term, there's there's going to be blips on the radar, there are going to be things that manifest like, like we saw this last two years, there are going to be issues that we have to deal with. But over the long term, US and Canada have shown an amazing ability to keep trending upwards. So I'm still optimistic long term. But that, to answer your question, that's the interest rates being the ultimate outcome, I can see interest rates going up at some point in the future.
Chad is a broker and investor specializing in industrial real estate. With various partners, Chad has developed his portfolio to approximately 85,000 square feet with a value in excess of $12M. Chad has been named a CoStar Power Broker and an Industrial Influencer from GlobeSt.com. Chad has both SIOR and CCIM designations as well as a Diploma in Urban Land Economics and an MBA.https://www.linkedin.com/in/chadgriffiths/https://www.youtube.com/c/ChadGriffithsCRE
In today's episode of #RitterOnRealEstate, we sit down with special guest Chad Griffiths. Chad has been an industrial real estate broker since 2005. Over the past 16+ years, he's completed over 500 transactions with clients ranging from local companies to large institutional owners. He's proud to be a perennial top producer and a partner with his firm. In addition to earning SIOR and CCIM designations, he's earned a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. He's given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor, and Real Estate Magazine. Key Topics From The Episode: -How Chad got his start in real estate. Getting his broker's license in college.-Chad's introduction to real estate working at a real estate industrial- What got Chad into real estate great sources to learn about industrial real estate-Understanding why their supply chain issues in the US-Vacancy rates being low in industrial real estate -Industrial and multi-family being similar -Fears of e-commerce slowing down-What drives real estate supply and demand cycle-Chad's advice for getting started in industrial properties-Why Industrial real estate is potentially better than multi-family. -Key factors to look at when investing in industrial real estate.-How Chad Griffith's analyzes risk when investing.-The importance of vacancy in real estate. Books Mentioned:- Fulfillment by Alec MacGillis
Bulletproof Cashflow: Multifamily & Apartment Investing for Financial Freedom
Real estate investing doesn't have to be a mystery anymore. Successful industrial real estate investor, Chad Griffiths, gives us the pros and cons of real estate investing and how he's grown his portfolio to $18M.
Join Daniel Nickles with his guest Chad Griffiths as he speaks about the three subcategories of industrial real estate, why industrial properties aren't as ubiquitous as apartment buildings, what fuels the industrial real estate market, and more. Before getting into industrial real estate, Chad first dabbled into residential, then commercial. Sure, multifamily isn't bad, but for Chad, it just isn't for him. For Chad, knowing where you want to be as an investor is always more important. In this episode you will learn: What comes to mind when people hear commercial and industrial What industrial real estate consists of Chad Griffiths – on dealing with industrial property tenants How do you find the right tenant? The effect of eCommerce on the industrial real estate market About Chad Griffiths: Chad entered the commercial real estate industry in 2004 and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer with NAI Canada-wide since 2013 and became a partner of the Edmonton office in 2015. An active volunteer in the real estate and business community, Chad has previously served as Chair and board member of the Real Estate Council of Alberta (RECA), board member of NAIOP Edmonton, President of the South Edmonton Business Association, and member of the City of Edmonton Strathcona Junction Advisory Committee. Chad currently sits on the University of Alberta's Practice of Commercial Real Estate Course Advisory Committee. Chad has SIOR and CCIM designations, a Diploma in Urban Land Economics from UBC, and an MBA from TRU. Connect with Chad Griffiths on: LinkedIn: https://www.linkedin.com/in/chadgriffiths/ YouTube: https://www.youtube.com/c/ChadGriffithsCRE Email: cgriffiths@naiedmonton.com Connect with Two Smart Assets on: Website: https://twosmartassets.com/ Facebook: https://www.facebook.com/TwoSmartAssets/ Instagram: https://www.instagram.com/twosmartassets/ YouTube: https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw ✅Check out our free apartment syndication sample deal: https://twosmartassets.com/sample-deal-form
Over the past 16+ years Chad has completed over 500 transactions with clients ranging from local companies to large institutional owners. In addition to being a perennial top producer he's also proud to be a partner with his firm. In addition to earning SIOR and CCIM designations, Chad has earned a Diploma in Urban Land Economics an MBA. Chad has given numerous interviews locally and nationally regarding the industrial real estate market and has had articles published in Forbes, Western Investor and Real Estate Magazine. Get in touch with Chad: https://www.youtube.com/c/ChadGriffithsCRE _____________________________________________ #RealEstatePodcast | #RealEstateAdvice Wanna know more about Barri Griffiths and the WWRE Podcast: https://linktr.ee/wrestlingwithrealestatepodcast The WWRE Podcast is available on all platforms
In this episode, I interview Chad Griffiths, Industrial Real Estate Broker & Partner at NAI Commercial Real Estate. Here are some noteworthy points discussed in this episode. Chad shares his journey in industrial real estate.What kind of asset classes come under industrial real estate space–distribution centres, manufacturing, and flex propertiesChad elaborates on what investors need to know about the industrial property and the tenant.Chad says no two industrial tenants will have the exact same requirements.Chad gave examples of the most desirable industrial properties – warehouses.Chad discusses tenant turnover in industrial real estateChad shares the impact of covid on industrial real estateHow does Chad prepares for a downturn in industrial real estateChad's predictions in industrial real estate over the next 6 to 12 months.Chad has been an industrial real estate broker since 2005. Over the past 16+ years he has completed over 500 transactions with clients ranging from local companies to large institutional owners. In addition to earning SIOR and CCIM designations, he has earned a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. He has articles published in Forbes, Western Investor and Real Estate Magazine.Connect with ChadYoutube : https://www.youtube.com/chadgriffithscre LinkedIn : https://www.linkedin.com/in/chadgriffiths/Connect with RamaEmail: info@ushacapital.comWebsite: www.ushacapital.com
Chad Griffiths, Industrial Real Estate Broker with NAI in Canada talks the benefits of landlording commercial real estate.
Power industrial real estate broker, Chad Griffiths joins us to discuss his experience over the past 16+ years in completing over 500 transactions with clients ranging from local companies to large institutional owners. On this episode of Discovering Multifamily, we discuss 2022 outlook by comparing and contrasting industrial to multifamily as different real estate investment vehicles. iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688#episodeGuid=Buzzsprout-3366217 YouTube: https://youtu.be/Uosr2YhbR4k Website: www.redknightproperties.com/media Spotify: https://lnkd.in/gfcVc3p #financialfreedom #passiveinvesting #activeinvesting #investsmart #investwisely #buildingwealth #multifamily #podcast #Red Knight Properties #Anthony Scandariato #Brian Leonard #investing in real estate #investing in multifamily #investing in syndication
Chad Griffiths has 15+ years of experience and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer with NAI Canada-wide since 2013 and is a partner at the Edmonton office. As a recognized expert in the industry, Chad has given numerous media interviews both locally and nationally and has also had articles published in Forbes, Western Investor and Real Estate Magazine. Chad has SIOR and CCIM designations in addition to a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University.
Logistics, warehousing and fulfillment are the clear winners this year. This segment of industrial real estate has remained resilient throughout the pandemic—in large part because of a surge in demand from e-commerce, food delivery services, home improvement retailers and, to a lesser degree, medical supply companies. Much of the country continues to see tight market conditions, according to CBRE's report on the Canadian industrial real estate market for the second quarter of 2020. The availability rate has edged up since the start of the pandemic, but at 3.5% nationally, it's still well below the 10-year average of 5.1%. Therefore, what does all of this mean for the current state of the industry? Chad Griffiths is an industrial real estate broker, who's completed 500+ transactions with clients ranging from local companies to large institutional owners. He joined me this week, to discuss his passion for the industry and the current state of affairs in his profession. Subscribe: @ChadGriffiths
In this Episode of the Leadership to Wealth Podcast Neil & Chad discuss these and other topics.
Chad Griffiths entered the commercial real estate industry in 2004 and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad currently sits on the University of Alberta's Practice of Commercial Real Estate Course Advisory Committee. He has SIOR and CCIM designations, a Diploma in Urban Land Economics from UBC, and an MBA from Thompson Rivers University. In this episode, Tyler and Chad's discussion focused on the nuances and complexities of industrial real estate, as well as the drive and mindsets that have enabled Chad to succeed. What you'll learn: The high-level differences between the three main industrial subcategories: Warehouses, manufacturing and flex Why Chad thinks industrial real estate should scare new investors The economic drivers of the supply and demand of the three subcategories The attributes and mindsets of high-performing investors and brokers Chad's in-depth advice on the three things investors need to know before getting into industrial real estate And more! This is a great opportunity to learn from a dynamic investor whose net worth is largely invested in industrial real estate. Connect with Chad: Website: http://edmontonindustrial.com LinkedIn: https://www.linkedin.com/in/chadgriffiths/ Email: griffithscre@industrial.com The following books were mentioned in the show: Rich Dad, Poor Dad by Robert Kiyosaki Red Notice by Bill Browder CCIM 101 Course Looking to further elevate your performance? Download our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, by joining Elevate's Insider Network! You will also be informed of real estate investing news, tips from Tyler, books Tyler's reading and more. Join today: https://elevatepod.com/insider This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com Follow us! Website: elevatepod.com Twitter: twitter.com/elevatepod1 IG: instagram.com/elevatepod Facebook Group: https://www.facebook.com/groups/elevatepodcastcommunity LinkedIn: https://www.linkedin.com/company/elevatepodcast
Whether you are an active or passive investor, investing in industrial real estate is a good option for you to diversify your portfolio. In this episode, we speak to Chad Griffiths who is focused on investing in that particular asset class. Chad has over 15 years of experience in industrial real estate and has completed over 500 transactions with clients ranging from local companies to large institutional owners.Chad defines to us what industrial real estate is and named its three types – distribution centers, manufacturing, and flex properties. Chad says it is important for an investor to fully understand the asset class to be able to maximize its potential. Chad says industrial real estate is perfect for investors who are looking for a stable asset class that has produced very steady returns, consistent rent growth for many quarters, and without the volatility. Tune in now and find out if this asset class fits you!
The Commercial Real Estate Academy podcast was created to demystify the commercial real estate industry for the masses. During our weekly episodes, we interview industry experts on a host of different commercial real estate-related topics. Through these interviews, we hope to arm you with the knowledge, references, and tools you'll need to confidently pursue commercial real estate opportunities as a business owner and/or an investor. Raphael Collazo and Jeff Walston are excited to introduce their guest for this week! In today's episode, we hosted Chad Griffiths, Partner at NAI Global (Edmonton), for a lively conversation on industrial real estate. ▶️ During our conversation, we explored topics such as: • How he got into industrial real estate, • Strategies to excel in the commercial real estate brokerage business, • Experiences he had while investing in his first deal, • Items to consider when performing due diligence, • Advice to those interested in creating real estate content, • What the future holds for industrial real estate, • As well as much more... ▶️ If you're interested in learning more about Chad, feel free to contact him at: ▶ Email: cgriffiths@naiedmonton.com ▶ Website: https://www.edmontoncommercial.com/chad-griffiths/ ▶ Call: 780-436-7414 Below I've provided links to books that were referenced during the episode: 1) To Be Or Not To Be Intimidated - https://amzn.to/3bhK083 2) Confessions of a Real Estate Entrepreneur - https://amzn.to/2SGzHnD 3) Mastering the Art of Commercial Real Estate Investing - https://amzn.to/3y1SEkQ If you find value in these episodes, please SUBSCRIBE and don't forget to press the bell
Chad has given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor and Real Estate Magazine. Recently, Chad started a channel on YouTube about industrial real estate where he shares his knowledge and passion for the industryShow notes:www.tylercauble.com/podcast/episode028
What is industrial real estate? How can you invest in industrial real estate? What are the pros and cons of investing in industrial real estate? ▶️ Visit to know more: https://www.raphaelcollazo.com/ To answer these questions, Raphael Collazo is here to help you with Understanding Industrial Investing with Chad Griffiths. If you are interested in learning about the many facets of commercial real estate, whether you're a business owner, investor, or just someone who's curious about the subject, you'll gain value from being a part of the group! In today's podcast episode, we invited Chad Griffiths, MBA, SIOR, Partner at NAI Commercial Real Estate in Edmonton CA, to discuss his background and experiences in commercial real estate. Along with that, he explained the pros and cons of industrial real estate and how those interested in investing in this property type can go about doing so. ▶️ In this video, you will learn the basics of industrial real estate investment analysis including • The 4 subtypes of industrial real estate, • Understanding your local zoning ordinances, • Evaluating relevant metrics as part of your site-selection process, • What macro & micro trends you need to consider, • How building and labor costs affect asset prices, • As well as much more... So, watch the full video until the end to learn about how to effectively purchase industrial real estate. ▶️ If you're interested in learning more about investing in industrial real estate, feel free to contact Chad at: ▶ Email: cgriffiths@naiedmonton.com ▶ Website: https://www.edmontoncommercial.com/chad-griffiths/ ▶ Call: 780-436-7414 Also, be sure to subscribe to his YouTube channel where he talks about topics related to industrial real estate: ▶ https://www.youtube.com/c/ChadGriffithsCRE/ If you like the podcast, please give us a 5 ⭐ review, and don't forget to share this episode with others. ----------------------------------- ▶️ Check out my Website: https://www.raphaelcollazo.com/ ---------------------------------- ▶️ For business inquiries: raphael@grisantigroup.com ▶️ Call/Text me: 502-536-7315 ---------------------------------- ▶️ FREE REAL ESTATE GUIDES: https://linktr.ee/raphaelcollazocre ---------------------------------- ▶️ Follow me on: • Meetup: https://www.meetup.com/Commercial-Real-Estate-101/ • Instagram: https://www.instagram.com/recollaz/ • Facebook: https://www.facebook.com/raphaelcrelouisville • LinkedIn: https://www.linkedin.com/in/raphaelcollazo/ ----------------------------------- #CommercialRealEstate #RaphaelCollazo #IndustrialRealEstate #IndustrialInvesting #IndustrialInvestmentProperty #commercialrealestate #IndustrialTenants #IndustrialTenant #Warehouse #Warehouse Real Estate #LastMile #LastMileRealEstate #Manufacturing #ManufacturingRealEstate
Connect with Chad Griffiths : LinkedIn YouTube Twitter Facebook Instagram Blog Selected Links & People Mentioned in this Episode NAI Commercial Edmontoncommercial.com Melcor REIT Canada Emergency Commercial Rent Assistance (CECRA) Red Notice by Bill Browder Glengarry Glen Ross film Connect with REIN Canada REIN Canada CEO@reincanada.com Facebook Instagram Twitter SHOW NOTES [02:08] Patrick introduces his next TEDM guest: Chad Griffiths. [03:55] Chad and Patrick kick it off with where Chad comes from, a bit about what he's up to in the commercial/industrial real estate space and his views of the Alberta economy both pre-March 2020 and what is potentially ahead. [09:22] Chad feels the best approach for investors anywhere is micro-perspective. Broken down by asset class he speaks to commercial real estate - mainly industrial and retail office. In the past five years retail has been hit the hardest but from the North American economy perspective, Edmonton has not seen catastrophic vacancies. Chad does not feel this situation will cause an office apocalypse. Although the immediate risk may be real, he feels, in time, companies may actually want increased square footage to allow for physical distancing in a more traditional office setting. He is most optimistic about industrial real estate for the fact of continued manufacturing, continued need for warehouse space and logistics. [15:53] Chad and Patrick discuss the trend that was hip downtown centres with open office space and where that may head into more suburban locations. Chad looks at the trade-offs of both. Again, re-imagining internal space may be of more consequence than the where the building is located. [20:59] Transit, urban, suburban, and rural. These are all areas where trends in larger centres are being impacted. The data and evaluation from all of this, a year from now, will be very interesting. [23:40] Chad talks about the potential for a Canada-first approach to manufacturing and supply chain, and what he sees as growth in the industrial landscape; it's a steady driver regardless of where the bulk of our manufacturing resides. [28:50] Chad speaks to the pivots he has made during this unique time but more significantly where he has not. His current mindset is to stay constant, consciously avoid fundamental change and double down on intentional, and historically successful action. [33:41] What are some of those intentional actions and habits that have proven successful for Chad? The greatest substance is derived from distinct action and value-add. [37:51] Chad provides an overview of the climate around Edmonton commercial space and opportunities within it. It's not the fire sale situation he anticipated back in the early spring. Broad uncertainty makes it difficult to identify where specifically the opportunities will be but feels investing in long-term plays bears far less risk than banking on short-term gains in the Edmonton market. [44:24] Fake economy, unemployment, light industrial and manufacturing: does Chad see something different for Edmonton's future than he has seen before? [52:26] Chad and Patrick each contribute their view of upsides and downsides of owning commercial real estate. It can be a profitable and beneficial asset class to invest in but it is incumbent on investors to evaluate the risks. To help mitigate risk keep your sights on the long-term. Work with a broker who has experience and knowledge in this arena, as well as vision to support you and your tenants to be successful. Establish a strong client base, and an adaptable lease space for the inevitable tenant turnover. Price risk into any acquisition and consider a building that would attract a diverse pool of tenants vs. a customized space. [60:41] Cap rates. Chad gives a summary of how the Edmonton market is performing. [61:55] Chad's entrepreneurial road is certainly a diversion from his family's path.
Episode 104 - Chad Griffiths - Championing Exceptional Value by Patrick Francey
© 2020-2025 Ivy Podcast Discovery LLC
