Basis Industrial, a vertically integrated real estate owner and operator based in Boca Raton, has earned a coveted spot on the South Florida Business Journal’s esteemed Fast 50 List. This exclusive ranking highlights the region’s 50 fastest-growing companies, showcasing those that reported the highest percentage revenue growth over a span of two years.
A Testament to Success: What Drove Basis Industrial’s Phenomenal Growth?
Basis Industrial’s meteoric rise to prominence in the competitive South Florida business landscape can be attributed to Basis Industrial’s relentless pursuit of excellence and our adaptability. Over the past year, Basis experienced rapid expansion, which presented us with various opportunities and challenges. However, it was our cohesive team and dynamic approach to executing strategies that allowed us to flourish.
Unlike traditional real estate companies, Basis Industrial specializes in undermanaged niche real estate asset classes, such as self-storage and multi-tenant industrial warehousing, throughout the United States. This unique focus, coupled with a commitment to treating each acquisition uniquely, allowed us to tailor our management and improvement strategies to fit the specific needs of each asset.
Looking Forward: Future Growth Plans
Basis Industrial’s recognition on the Fast 50 List is just the beginning of our exciting journey. Looking ahead, Basis Industrial has ambitious plans to expand our footprint beyond Florida’s borders. With strategic acquisitions planned in high-growth Sun Belt areas such as Texas and Alabama, Basis Industrial aims to tap into new markets with significant growth potential.
In addition to our geographical expansion, Basis Industrial has recently launched Basis Alternative Investments, a major new initiative aimed at exploring special situations and opportunistic investment strategies. This includes ventures including car wash development, distressed and value-add retail, and select multi-family development projects. By diversifying our investment portfolio, Basis Industrial seeks to capitalize on emerging opportunities and maintain our upward trajectory.
Inspiring Other Entrepreneurs: Advice from the Visionary Minds of Basis Industrial
For entrepreneurs seeking to make our mark in South Florida’s bustling business landscape, Basis Industrial’s leadership offers valuable advice based on our own journey to success. Basis Industrial stresses the importance of preparation, foresight, organization, and adaptability. Maintaining a lean and agile approach to business operations, along with unwavering honesty and integrity, are also key principles that have driven Basis Industrial’s achievements.
Learning from Experience: A Guiding Principle
At the core of Basis Industrial’s growth mindset is a lesson they hold dear: Embrace mistakes as stepping stones to progress. Basis believes that mistakes are inevitable in any business endeavor, but the real strength lies in learning from them. By fostering a culture that embraces learning and improvement, Basis Industrial ensures that every experience, positive or challenging, contributes to our ongoing success.
Celebrating Success: Join the Fast 50 Awards Celebration
On August 24, 2023, Basis Industrial will celebrate alongside the region’s most dynamic and fastest-growing companies at the Fast 50 Awards ceremony. The event, held at the prestigious Gulfstream Park – Sport of Kings in Hallandale Beach, promises to be an exciting showcase of South Florida’s entrepreneurial spirit and economic vibrancy.
The success of Basis Industrial can also be attributed to its strategic choice of operating in active U.S. markets with vibrant economies and thriving industries. Basis Industrial’s presence in key regions such as South Florida, Pennsylvania, New Jersey, New York, Boston, Los Angeles, and select urban markets allows our team to leverage the advantages of these strategic locations. These areas offer robust economic opportunities, attracting businesses and residents alike, which in turn contributes to the demand for real estate assets.
As Basis Industrial shines on the Fast 50 List, our recognition serves as a testament to our dedication, innovation, and unwavering commitment to excellence. By staying true to our values and remaining adaptable in the face of challenges, Basis Industrial paves the way for even greater achievements in the future. The entire team at Basis Industrial looks forward to the celebration and the opportunities that lie ahead as Basis Industrial continues to make our mark in South Florida’s thriving business landscape.
About Basis Industrial
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. Basis brought Anthony Scavo on as COO/President to run day-to-day activities of the company. Together they have over 100 years of combined Real Estate Development and Management experience. It has deep roots in the self-storage and industrial sectors. Basis currently owns over 2.5 million square feet of self-storage and industrial real estate and is scheduled to close another 1 million square feet in 2023. Active markets for Basis include South Florida, Pennsylvania, New Jersey, New York, Texas, Boston, Los Angeles and select urban markets nationwide. In total, the sponsors have developed and managed over 13.5 million square feet of real estate assets including self-storage, industrial, retail, office and residential. BaySpace is the property management arm of Basis. For more information, visit www.basisindustrial.com or www.bayspace.com.