Executive Interview: From Storage to Surgery in Memphis

Video Series

Join us for the first of many video / audio interviews with the staff of Global Storage Partners discussing topics that affect the commercial real estate sector and alternative asset investing.

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Summary

In this conversation, the executive team from Global Storage Partners discusses their innovative approach to transforming obsolete real estate into self-storage facilities. They share insights on their recent project in Memphis, highlighting the importance of location, market potential, and the unexpected opportunity that arose during the development process. The team emphasizes their flexibility and strategic decision-making, which allowed them to pivot from their original plan to capitalize on a lucrative offer from a hospital developer. They reflect on the lessons learned from this experience and their future strategies in the real estate market.

Takeaways

• Global Storage Partners focuses on transforming obsolete real estate.
• Location is crucial in real estate investment decisions.
• The Memphis project exemplifies strategic market analysis.
• Unexpected opportunities can lead to significant profits.
• Flexibility in business operations is key to success.
• Effective negotiation can yield favorable outcomes.
• Understanding market dynamics is essential for growth.
• Collaboration among team members enhances decision-making.
• Learning from past experiences improves future strategies.
• Investors appreciate quick returns on their investments.