Basis Industrial Announces Launch of Co-GP IV Investment Vehicle

BOCA RATON, Fla., Feb. 10, 2025 /PRNewswire/ -- Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida, is excited to announce the creation of its Co-GP IV investment vehicle, formed to acquire a portfolio of multi-tenant industrial (MTI) properties in Tampa, Florida.

The Co-GP IV vehicle, the firm's fourth co-GP investment fund, will allow Basis to maximize the value of these assets and continue delivering superior risk-adjusted returns to its partners. The Co-GP IV vehicle builds on the success of Basis's previous funds, reflecting the company's commitment to driving value through proactive property management, leasing strategies and long-term partnerships.

"Through Co-GP IV, we are reinforcing our commitment to identifying and managing high-value industrial real estate in Sunbelt markets," said Anthony Scavo, president and managing partner at Basis Industrial. "This portfolio exemplifies our strategy of leveraging market fundamentals to achieve long-term value creation, and we are confident that it will deliver strong results for our partners."

Portfolio Highlights Include:

• Properties acquired at approximately 50% below replacement cost.
• Opportunities to meaningfully increase net operating income (NOI) through proactive management and leasing strategies.
• Location in the Tampa MSA, one of Florida's most densely populated metropolitan areas, benefiting from restrictive zoning and consistent tenant demand.
• Operational expertise provided by BaySpace, Basis's in-house property management division, ensuring tenant satisfaction and operational efficiency.

For more information about Basis Industrial or Co-GP IV, please contact Morgan Clark at Morgan@BasisIndustrial.com, visit www.basisindustrial.com, or explore https://investors.appfolioim.com/basisindustrial/investor/contact-us.

About Basis Industrial
Basis Industrial is a privately held real estate owner and operator formed by industry veterans Jay Massirman, Stephen Garchik, and Daniel Weinstein, with day-to-day operations led by managing partner Anthony Scavo. Basis currently owns more than 5 million square feet of self-storage and industrial real estate, with an additional 3 million to 4 million square feet expected by the end of the year, including 1.7 million square feet set to close in Q1 2025 alone. Active markets include Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Los Angeles, Alabama, and other select urban regions across the United States. In 2023, Basis Industrial was ranked the No. 1 fastest-growing company by South Florida Business Journal. In 2024, Basis received the Commercial Observer Breakthrough Award for Industrial Transaction of the Year.

Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities. Any investment opportunities discussed herein are offered only to qualified investors through a private placement memorandum and pursuant to applicable securities laws.

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SOURCE Basis Industrial