#304: Investments, Recessions, Value-Adding, and More! -with Joe Muratore

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By Kevin Bupp. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Joe Muratore is the co-CEO of Grace-ada Partners.

Grace-ada is a commercial real estate investment firm that specializes in Large-Scale Value-Add Commercial Real Estate in California’s Central Valley. More specifically, Grace-ada focuses on Central Valley office buildings and shopping centers and currently has over $150 million in assets under ownership and $300 million under 3rd party management.

Quotes:

“It’s a negotiation, but our job is to start, like with any negotiation, with letting our tenants feel heard. We can’t force them into a box and if we do, it will backfire.”

“Success favors the bold. There is a lot of value in just taking that next step. There is a great book called The Hard Thing About Hard Things and the core value there is if it were easy to get from A to B, that’s a commoditized thing and it’s going to pay very poorly. In this business, there is very rarely a clear path from A to B, but after a while, you develop 4 or 5 different bread crumbs that you’re able to spot, and you’re able to make a path from A to B that others can’t see.”

Highlights:

4:04- Joe tells us about his background and how he found himself in real estate

14:50- Joe tells us if he thinks that COVID is the nail in the coffin for traditional retail and why

23:56- Joe shares how he approaches his tenant’s intentions to continue working and innovate through COVID

27:44- Joe explains what things look like from the lending side of things

35:39- Joe shares and direct impacts that correlate to his investors

Guest Website:

https://www.graceadapartners.com/

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