Alfredo Riascos is a commercial real estate broker and owner of Gridline Properties, a full-service CRE brokerage that represents commercial property owners in the sale, leasing, and disposition of their properties. He focuses on repositioning outdated warehouse spaces in South Florida.
In this episode, Alfredo discusses urban core warehousing, the opportunity within and benefits of repositioning these properties, and why it presents a strategy that can be replicated in markets across the U.S. He also details what he looks for in a property, creative tenant options to maximize a repurposed multi-use space, and how the asset’s versatility accelerates the ability to push rents and target a larger tenant pool.
Alfredo Riascos | Real Estate Background
- CRE Broker and Owner at Gridline Properties, a full-service commercial real estate brokerage that represents commercial property owners in the sale, leasing, and disposition of their properties.
- Based in: Miami, FL
- Say hi to him at:
- Best Ever Book: Risk Game, by Francis J. Greenburger
- Greatest Lesson: In a field plagued with so many people trying to take shortcuts and aiming to become overnight millionaires, those who put in the work and deal honestly will succeed.
Click here to know more about our sponsors:
TRANSCRIPT
Ash Patel: Hello, Best Ever listeners. Welcome to the best real estate investing advice ever show. I'm Ash Patel and I'm with today's guest, Alfredo Riascos. Alfredo is joining us from Miami, Florida. He is a broker, as well as the owner of Gridline Properties. Gridline is a full-service commercial real estate brokerage. They represent commercial property owners in the sale, leasing and dispo of their properties. Alfredo, thank you so much for joining us, and how are you today?
Alfredo Riascos: Ash, thank you for the opportunity to join you. I'm doing well. Everything here in sunny South Florida is excellent, so I'm glad to be on the show.
Ash Patel: Hey, are you just rubbing it in? [laughs]
Alfredo Riascos: Well, I'm looking out my window - there's not a single cloud in the sky, and it's 75 degrees outside... So yes, I'm rubbing it a little bit in, but it's not gonna last forever, unfortunately.
Ash Patel: We are in early February, where even Texas has had snow storms. There's a freeze going through the Midwest... So we'll live vicariously through you. Alfredo, thank you for joining us. If you don't mind, give the Best Ever listeners a little bit more about your background and what you're focused on now.
Alfredo Riascos: Sure. So I'm a commercial real estate broker, I'm based in Miami, Florida. I started in the business when I was 19 years old. I'm 36 years as of January 8th, so I've been doing this for some time already... But I still consider myself to be a young person, I'm constantly learning, and more importantly, about four years ago I opened up Gridline properties, which is a boutique commercial real estate brokerage in Miami's urban core... And we really have a keen focus on the sale and leasing of commercial properties in South Florida, but more specifically on some of the well-recognized neighborhoods such as Wynwood, Downtown Miami, Design District, and other emerging neighborhoods in the urban core areas of the city.
Ash Patel: Alfredo, when you say commercial, is it all non-residential commercial? Or does it include multifamily and mixed use?
Alfredo Riascos: It includes multifamily. So I have an army of agents within my shop that predominantly focused on multifamily investments. So we do sell a lot of multifamily properties, and in the last 18 months the market has been on fire here in South Florida... So that is a segment of the industry that we have a strong focus on as well.
Ash Patel: With all of your years of experience, taking into consideration the current market climate, what would you invest your own money in today?
Alfredo Riascos: I really love what I consider infill warehousing in urban core areas. And I think that I'm very familiar with the Miami and South Florida market, but I think that that's an industry that you could replicate across any major metros in the United States. And the reason why I like it is warehousing, especially post pandemic - that really kicked it into high gear - really provides users (tenants) a huge amount of utility to operate a variety of businesses. So when you look at some of these warehouses, you could see eCommerce businesses operating out of them, you can see light industrial, you can see some warehouses being turned into office spaces... So the uses are very broad in nature, and that accelerates the ability to push rents and target a larger tenant pool. So I think that's a very compelling asset class at the moment right now.
Ash Patel: Can you explain that to us - infill urban core? What does that mean?
Alfredo Riascos: So if you really look at the history of major cities across the United States, cities started at the urban core location, central business districts, and usually surrounding those central business districts there's been industrial neighborhoods that previously supplied some of those urban areas. And in Miami specifically, our peripheral neighborhoods really supplied Miami Beach's hospitality industry. So in the 1950s, when Miami Beach started to become a tourism destination, hotels started emerging across the beach. And those hotels needed linen services, they need dry cleaning, they needed storage... So developers went across the bay and they built warehouse neighborhoods, predominantly between 1950s 1960s, which for decades really serviced those Miami Beach industries.
Fast-forward to today, a lot of those industries have now gone further West, and are now renting spaces in class A industrial developments that have up to date loading docks, much higher ceiling heights, and are just a lot more efficient. So those older buildings are now being repositioned by more creative users that are repositioning them and converting them into offices, flex spaces, ecommerce centers... And it's really become a trend, I think, across the entire United States to attract a different type of tendency to buildings that were once potentially obsolete.
Ash Patel: Interesting. What is it about the construction of those buildings that you like and dislike?
Alfredo Riascos: What I like is it's really value-driven, right? So I'll take an example - we're very prevalent in the Wynwood neighborhood of Miami, Florida. The Wynwood neighborhood was originally an industrial neighborhood, that over the course of the last 10 years has just really, really emerged as one of the strongest markets probably in the nation. And what originally attracted tenants to that market was office space in Miami Beach, and in areas like downtown Miami started to become very expensive. And what certain investors started to realize - the said, "Well, Wynwood is just 5-10 minutes away from downtown Miami and Miami Beach... Why don't we take these older warehouse buildings that are no longer suitable for industrial users, because they have low ceilings, the loading access is not the best... We could go into those buildings and really look at them as white canvases, and we could go in there and we could pop windows, we could add A/C, we could polish the cement floors, we could get creative with art", murals was a big component of the Wynwood district... "And all of a sudden, we could maybe try to attract tenants that are priced out of some of these more expensive neighborhoods to open their marketing agency, their PR company, real estate offices..." And it really started to attract the creative classes to come into these buildings, and get more space, better rates, and being a creative environment that was really conducive to those, again, creative businesses. So that trend really stuck, and throughout time we've seen those now be repositioned into restaurants, breweries... And I think you could see that across many neighborhoods along the US.
Ash Patel: Very interesting. Are there often environmental concerns? Or is it just like any other building?
Alfredo Riascos: Well, that's a very good question, Ash. Environmental is the pain of all brokers... Because here we are, we find a compelling opportunity that we want to pitch to an investor, pricing makes sense, seller's on board, buyer's on board, we sign a contract... And as I had described, many of these buildings specific to Miami housed the cleaning services for many of the hotels. And under cleaning services, there was detergents, chemicals being used... So many of these buildings do have environmental consequences. So in many instances, we have to go through rigorous inspections, soil testing, water testing, that in some cases throws a deal sideways, or creates an issue where there is a remediation cost, and then you get into a negotiation with the buyer and the seller to see who's responsible for that... So it does create issues. But fortunately, remediation is not the end of the world. It takes cleaning up, and usually you're able to mitigate it, if you have a willing and able seller that realizes that any buyer is going to have to be dealing with that same issue.
Ash Patel: Yeah, interesting story. Here in Cincinnati we had a cartridge factory which made ammunition during the Second World War, and I think they had a 100-year abatement period where that just ran out. And now they can build some incredible mixed use, brewery on the first floor, apartments above it. But they had to wait for the lead remediation from the ammunition.
What other pitfalls do people typically run into? Are they constructed pretty solidly? If they've been around for 50-100 years, I'm assuming they're good.
Alfredo Riascos: Yeah, these are bunkers. Back then I think the quality of construction was a little better. Things were built very sturdy back then. And specific to Miami, if a warehouse has been around since the 1950s, it's probably gone through a few storms and hurricanes. And if it's still standing, it's probably not going anywhere. So also from a buyer's perspective, you're not dealing with requirements for hurricane-proof window, and other issues that you might run into with office towers. So the condition is certainly a big item; you've got to go in there and you've got to be diligent about your inspections, roof conditions, structural components... But for the most part, these are bunkers. And these bunkers can be, like you mentioned, be repositioned into breweries, entertainment facilities, offices, retail, art galleries... So it really opens up the possibilities for investors to get as creative as they really want.
Ash Patel: Alfredo, I understand the case for buying one of these properties in an area that's already booming. Would you buy a sea of similar types of properties where there's just no development yet? Would you speculate and buy these?
Alfredo Riascos: Absolutely. And at the end of the day for any investor I think it has to be a function of risk and return... But as an instance of South Florida, we've seen tremendous growth from a population change in the last two years after the pandemic; we just see our population growing and growing and growing. So what we do as brokers is we chase value. That's our job. We have to be able to look at a potential client or investor in the eye and say, "Hey, Mr. Buyer, we believe in this up and coming neighborhood. I know it's in the fringe of town, I know it feels a little rough, it might feel unsafe, but we believe that this area, given the growth that we're seeing in the more Eastern neighborhoods if we're talking about South Florida, eventually everything's going to head westward." And if the pricing makes sense, and you're really able to look into the future, 2, 3, 4, 5 years ahead of time, I do believe that there is the possibility to go into these investments from a value-add perspective, start to renovate the buildings... You might not get the highest and best returns early on, but you're really betting on the future of these cities.
Ash Patel: Alright, so let's walk through that. There's some cool buildings, they are old, they're beaten up, windows are single pane, a lot of them are broken, maybe the roof needs repaired or replaced... And I bet in three to five years this area's going to come together and grow. So I'm going to give you two scenarios. I buy the four-storey building with low ceilings, and then another similar four-storey building with high ceilings. I want to stop the bleeding, I want to get some kind of revenue coming in... What do I do? I'm okay buying them. Do I stop the roof leaks? What do I do for tenants on the low ceiling and the high ceiling? Walk me through this.
Alfredo Riascos: Yes. Look, one of the things that we've noticed that is incredibly helpful in repositioning of those buildings for the purpose of generating the highest and best rents in the shortest turnaround is demising the building. So I'll give you a very common example. These buildings typically range between 10,000 and 20,000 square feet. Let's make it simple. We find a building in an emerging neighborhood, it's a banged up building, it's 10,000 square feet, it doesn't have windows, the paint is chipping away, electric is not in good shape, there's no lighting... What I would recommend an investor do is as a 10,000 square foot box, it's going to be difficult to attract a 10,000 square foot tenant. There's just not a lot of 10,000 square foot guys out there looking for space. I recommend that you acquire that building... The first thing that you should do is plan to divide it into four spaces. Divide it into four 2,500 square foot spaces. That also gives you a little bit of -- you diversify a little bit. If you have one 10,000 square foot box, that's one tenant. Whereas if you have four units, if you have two tenants, you're at least seeing some income, and also, the tenant pool is going to be a lot broader as the spaces become smaller. And when the space has become smaller, your price per square foot on rents also goes up so. So you can maximize the rents and diversify your space.
So I would tell somebody, acquire the building, divide it into four units, pop open some windows, paint it all white, maybe get a mural outside, put some windows out there, put some nice lighting inside, polish the cement floors, and just leave these wide open spaces where a tenant could walk in and really envision their business and say "This is a wide open canvas. I could do whatever I want with a space." And typically, you've got to incorporate a couple of months of free rent to attract the tenants. That allows them to go in there if they need to build a conference room, if they need to build additional offices, or do any work - you will accommodate that and you lure them in with that, from that angle.
Ash Patel: Is having 8 to 10-foot ceilings much different than 14 to 16-foot?
Alfredo Riascos: Yeah, I would be a little nervous about 8 to 10. That's gonna limit your creativity. And a lot of it is what I consider the wow factor. When you go into a warehouse, one of the things that I think attracts the creative classes is walking into a building that's going to have much higher ceilings than your stereotypical cookie-cutter office space in a suburban market, or even a conventional office building. So if they walk into a warehouse space and they get 15, 16, 17-foot ceilings, it has a wow factor. And I think tenants love that; they can get creative with lighting, art, accessories, and I think that's a big selling point for tenants. So buildings under 12 feet - you better be getting a good deal if you're going to take that swing.
Break: [00:15:54.29]
Ash Patel: How important are elevators, let's say three storeys and above? Should you make sure there's an elevator?
2:Well, there's two factors here. is the code going to require an elevator? That's a whole other component, which they might; if you're going to reposition a four-storey warehouse building into offices, the city might impose a requirement where you have to provide ADA access. But let's put that to the side. As an owner, I think once you go above three levels, you want to have an elevator. Most tenants are not going to want to go up four, five flights of stairs; maybe in New York City where they're a little bit more used to it... But at least in South Florida, people are lazy down here. So I think that three storeys is probably your threshold without an elevator.
Ash Patel: Would you prefer single-storey, two-storey or three-storey?
Alfredo Riascos: That's a good question. Look, it really depends on the project. I think that in a perfect world, multi-storey is great if you were able to use the ground level in more of a retail/hospitality use. I would love to see a component where you take a four-storey building, it's an old warehouse, four-storey warehouse, we convert the ground level to be an amenity for the upper levels. I would love a coffee shop; coffee shops attract people, they have a good curb appeal... Maybe we have a small restaurant next door, and then maybe some sort of showroom or retail use that makes the building stand down. And then in the upper levels, we go with office. I think that's the perfect ratio and combination. That's what I would love to see in a perfect world when hunting for property.
Ash Patel: Let's throw a bourbon bar and a speakeasy in there, too.
Alfredo Riascos: I was gonna say that too, but... I think you're right. If we have a coffee on one side and a happy hour bar on the other, I think we've got what we need.
Ash Patel: Alright, so back to my scenario, because I really want our Best Ever listeners to take the blinders off and start looking at this type of asset. So again, there's not much demand to redevelop this asset today. What are the typical tenants that we can use as fillers? I'm thinking woodworking, classic car storage, furniture storage, office furniture storage... What are some other uses that you've seen where we can get people in dirt cheap, but at least they're paying some rent?
Alfredo Riascos: I think you'd be surprised how many industries are really looking at these buildings... And I think that's where there is a tremendous opportunity. Because the ability to cater to multiple industries is immense. So one of the most common ones that we see is e-commerce companies. And what I mean by e-commerce companies is there is now a revolution which is Joe and Sally could open up a store on Instagram where they sell candles. And they sell candles via Instagram and their website. And Joe and Sally outgrew their apartment, and now they need a 2,500-5,000 square foot space. They don't want to go to a conventional class A warehouse building where there's 40 foot containers driving around. It's probably going to be too much for them. But they would be perfectly equipped to be renting space on a 2,500 square foot warehouse space that allows them to have their office, their showroom, their inventory, their distribution, and still be in a good location.
Another instance is - you mentioned classic cars. In Miami, we have an immense amount of wealthy individuals that have art, wine, car storage requirements... And they love to have these warehouses where they store their belongings; a lot of them turn them into these really impressive man caves, they pay a lot of money for them. That's more of a vanity use. But moving on then, there's also the ability where as these neighborhoods start to become a little bit better known, and become a little bit safer - coffee shops are attractive to them. Breweries that are actually brewing and distributing, but also want to have a case room - they are attracted to these type of uses. And then there's also the Office users that are tired of being in office buildings and want more affordable offices in a larger space - that also lends itself to be a great use as well. So you really have a lot of versatility in your tenant base.
Ash Patel: Alfredo, as a broker, what are some of the creative marketing strategies that you've used? Because you're attracting mom and pop tenants, I'm sure you're attracting national tenants... What are some ideas of creative strategies that have worked well for you?
Alfredo Riascos: Marketing is a crucial component of it, and I think that one of the biggest hurdles that I've run into is - let's go back to John and Sally, the owners of the successful Candle Company. John doesn't want his wife Sally working out of an unsafe neighborhood, a neighborhood where she's not safe walking out at night after work. So from a marketing standpoint, we really try to highlight the positive components of that area; how that area is growing. And a lot of people don't realize when they go into these neighborhoods who's behind some of these walls. A lot of these buildings, you approach them, and it's a big, ominous facade, but you don't know that once you go inside the building, you might have the most successful candle company that has 10 employees, they're all young, it's a vibrant space, next door to them you could have another eCommerce company that's doing the same thing, and there's actually a community of like-minded tenants and businesses within that neighborhood.
So in our marketing materials, we're very, very specific at showing other tenants "Look, this company is renting from this building down the street. This other group purchased this building, they're renovating it", and we make a case for the neighborhood and really emphasize the neighborhood rather than the asset as much.
Ash Patel: I love that. That is incredible. I do want to move into retail a little bit... But my last question on this type of asset is "Is there often money available from the city in the way grants, tax abatements facade improvements?"
Alfredo Riascos: Yes, in certain instances. I can tell you that it's been the most common, but the city - specifically, they've allocated grants for the improvements of facades. So if you acquire a building and you want to paint and improve the facade, in some instances the city in Miami specifically - they are granting up to $10,000 in grants to renovate the facades of buildings. So that's been something that we've seen. But there's still challenges. Lenders don't quite understand the dynamic in the rentals and the tenancy surrounding some of these neighborhoods... So lenders are very strict about it; you have to make sure that you're working with lenders that understand the business plan, share your same vision, and are not afraid to go into some of these areas.
Ash Patel: Alright, and you're in one of the hottest retail restaurant scenes in the country. Let's dive into that a little bit. What are you seeing right now in terms of retail?
Alfredo Riascos: It's been unbelievable what's happened in Miami in the last two years. And it was really like a light switch. The pandemic happened in early 2020, and as a broker, we were most terrified. My business was two years old at that point; I had a group of agents, things were starting to finally kind of flow into place... And then boom, we got hit with the pandemic. And we do a lot of retail leasing as well... And we were nervous. But all of a sudden, leading into probably December of 2020, the light switch went off, and it was like a bazooka of interest from all across the board. And what was the most incredible is - historically in South Florida it's been very challenging to bring New York-based hospitality groups into the market. New York-based groups always looked at us as like "Look, Miami is a fun city, but it's predominantly based on tourism. We don't really want to be dependent on that."
Ash Patel: "We'll use it as a playground."
Alfredo Riascos: Exactly. "We'll use it like our playground. We don't really take it too seriously." All of a sudden, hospitality groups really started to zone in, and I think that the first one that was a major catalyst was a major food group out of New York City, which all of a sudden came into Miami, and they didn't open one restaurant, they opened five restaurants at the same time. Those five restaurants became the hottest restaurants in town, and that was really the catalyst. All of a sudden, every restaurant operator wanted to have a presence in South Florida. South Florida was open to the public, people were down here, people were moving... And for us, it was the Superbowl. So it was a great experience. It's still very much active. However, the dust is starting to settle, and things are normalizing, if you want to call it... But we're in a completely different planet post-pandemic down here in South Florida.
Ash Patel: Yeah. And Alfredo, you're a young guy, but you saw the tail end of when the market got decimated in 2008 through 2010.
Alfredo Riascos: Yes.
Ash Patel: And Miami especially was hard hit. Knowing in the past Miami has had those cycles, what are your concerns with Miami going forward? Has it gotten overheated?
Alfredo Riascos: I started in 2007. And I started when I was 19. I was still living in my parents house, so I didn't really have much responsibilities, luckily. But I went into an industry where I was surrounded by people that had been in the industry for 10, 20 years, had kids, had major responsibilities... And I'll never forget the deep breaths of stress and desperation that I heard within the office when I was that age. And I recognized that I was in an industry where we don't get paid by the hour, we get paid by our production. And I told myself, "I need to be conservative with my approach. I need to be very frugal with my finances. I need to make sure that I have a cushion for that rainy day."
And as you said, Ash, Miami's a boom and bust town; and the pandemic and post-pandemic era really reminded me of some of those boom and bust moments... So I always approach my business from a very, very conservative standpoint. When the pandemic happened, we had very strong reserves in terms of our operating budget. So I knew that even if the world halted for 12 months, we were going to be okay.
But I see now many agents that in 2021 all of a sudden you see them rolling around in the Range Rover that they just bought two weeks before because they closed one or two deals. Now as we go into 2023, the market's shifting. And Miami's still very active, but guess what - it doesn't last forever. And we don't really know what's going to happen in six months, or 12 months... So to any agent out there, anybody getting into the industry, you have to be very responsible with your finances. Prices go up prices go down, and there's cycles in this business. So you have to be very, very, very disciplined in your approach.
Ash Patel: I have not heard a better answer to that question than what you've just said. Us as real estate people, and a lot of finance people, a lot of people want to think the arrow always goes up and to the right... And it's not until you've lived through that market cycle. And unfortunately, anybody under the age of 33 really hasn't lived through that market cycle. So we've got a lot of overly optimistic investors out there. But you laid it out perfectly - yeah, we don't know what's going to happen. I'm sure you've heard people say "Look, in 2024 rates will be back down again." How do you know that? No one knows. Right?
Alfredo Riascos: Nobody knows. Nobody as a crystal ball out there.
Ash Patel: Yeah. So in terms of retail, are there still opportunities? And how do I get to buy in such a hot market? How do I get in when there's so many other people in line ahead of me? I'm not a local, but I want to invest in Miami. How am I able to buy a storefront, a restaurant building, a mixed use building down there?
Alfredo Riascos: There's always going to be opportunities is the answer. But the people that you see that are constantly buying the quote unquote best opportunities are the investors that are in the market day in day out; they breathe it, they're educated, they know all the pressure points, they know what spaces rent for, they know the tenant market, they know what lenders to work with... If you are going to get into investing in commercial real estate, you have to be immersed. It needs to be a full-time job. If you want to get into it passively, my recommendation is to work with a sponsor that is doing the day to day in every single day. But you have to be incredibly present in the marketplace to be able to source the right opportunities. And the right opportunities - the reality is they come up out of nowhere. And the window to jump on them is minuscule. When you see an opportunity come into play, you have 24-48 hours to really jump on it, put a contract on the table, and move forward. Because otherwise, somebody is going to come in and is going to take advantage of the situation and take the deal away from you.
Ash Patel: So you as a broker and me as an investor - and I've bought everything from restaurants, to medical, to land, to warehouse, in the Midwest, in the Southeast... How do I get your attention? And how do I say "Alfredo, I want a great deal"? You don't really know me. What can I do to get in front of you and get that next big deal?
Alfredo Riascos: That's a very, very good question. And us as brokers, we only have so much time in the day... And what I actually recommend people that call me - I get people that call me because they see my name on specific property ads, or marketing materials... But I can't take in more clients; I can only please so many people. So what I tell a lot of these investors - I usually pair them with juniors. And I remember what I would do when I was 20-21 years old and I had the opportunity to work with a qualified investor... I even have a book of 10 successful clients.
So if you're an investor getting into the market, I would recommend that you find a junior: make sure you get in front of that junior; meet him in person. Show that junior why you're qualified and why you're ready to invest, and make sure that he or she puts you at the top of their list. And stay on top of that broker. And if you find the right broker, he's going to hustle for you, because he doesn't have 20 other clients that are priority.
The junior agents, in my opinion, are your best keys to any new market. And that's what I used to do when I was out in the streets, knocking on doors; the opportunity to work with some of these individuals that gave me the chance to represent was a huge, flattering concept... So I wanted to make sure that I provided.
Ash Patel: That advice is gold. Thank you so much for that. Alfredo, what is your best real estate investing advice ever?
Alfredo Riascos: Look, this business is certainly a marathon. This is not a sprint. If you're looking to take shortcuts, or you think that you're going to be an overnight millionaire, you are so, so wrong. This is a marathon, you have to do your homework, you have to go through the exercises, you have to be disciplined... And more importantly, it's a relationship-based business. You need to build relationships with people in the industry, and once you build those relationships, you're going to generate people's trust. Once you generate people's trust, you'll start to see that doors start to open. But that takes time, it takes discipline, and it takes consistency.
Ash Patel: Alfredo, are you ready for the Best Ever lightning round?
Alfredo Riascos: Yes, I am.
Ash Patel: Alright, what's the Best Ever book you've recently read?
Alfredo Riascos: There's a couple... But there's a real estate book that I really liked, which is called Risk Game, by Francis Greenburger. He's a very successful developer out of New York City, and he shares all his real estate advice and the story of how he came up in the city, basically from nothing. And it's always a book that I recommend to anybody trying to get into the real estate business.
Ash Patel: Alfredo, what's the Best Ever way you like to give back?
Alfredo Riascos: I'm a big proponent of anything that involves the youth. I think that the youth in many of the cities that I'm involved in is in many cases underserved... So there's an opportunity where Gridline Properties, or myself, we could help, whether it be a Thanksgiving drive, tow drive in the holidays... That's really where we have most of our attention. Last year we were involved in a big back to school drive... So youth is my main focus at the moment.
Ash Patel: Alfredo, how can the Best Ever listeners reach out to you?
Alfredo Riascos: The best way to reach out to me is via email. Shoot me a note, tell me what you want to talk about. I'm very responsive via email. Get my attention, and I'll be sure to get back to you. My email address is a ariascos [at] gridlineproprties.com.
Ash Patel: I've got to thank you; what a great conversation... You've given us so many great nuggets of advice. We dove into old, historic buildings... I wanted to dive more than retail, but I want to be respectful of your time. Maybe you'll come back and we'll deep-dive into retail as well. But thank you for your time.
Alfredo Riascos: I appreciate it. I would love to come back. I'm a big fan of your show, Ash. I think you guys do a fantastic job bringing different people from different industries, or different walks of life... So I wish you guys the most success, and again, I really appreciate the opportunity to join you today.
Ash Patel: Well thank you, brother. Best Ever listeners, thank you again for joining us. If you enjoyed this episode, please leave us a five star review. Share this podcast with someone you think could benefit from it. Also, follow, subscribe and have a Best Ever day.
Website disclaimer
This website, including the podcasts and other content herein, are made available by Joesta PF LLC solely for informational purposes. The information, statements, comments, views and opinions expressed in this website do not constitute and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. Neither Joe Fairless nor Joesta PF LLC are providing or undertaking to provide any financial, economic, legal, accounting, tax or other advice in or by virtue of this website. The information, statements, comments, views and opinions provided in this website are general in nature, and such information, statements, comments, views and opinions are not intended to be and should not be construed as the provision of investment advice by Joe Fairless or Joesta PF LLC to that listener or generally, and do not result in any listener being considered a client or customer of Joe Fairless or Joesta PF LLC.
The information, statements, comments, views, and opinions expressed or provided in this website (including by speakers who are not officers, employees, or agents of Joe Fairless or Joesta PF LLC) are not necessarily those of Joe Fairless or Joesta PF LLC, and may not be current. Neither Joe Fairless nor Joesta PF LLC make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views or opinions contained in this website, and any liability therefor (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Neither Joe Fairless nor Joesta PF LLC undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views or opinions set forth in this podcast.
No part of this podcast may, without Joesta PF LLC’s prior written consent, be reproduced, redistributed, published, copied or duplicated in any form, by any means.
Joe Fairless serves as director of investor relations with Ashcroft Capital, a real estate investment firm. Ashcroft Capital is not affiliated with Joesta PF LLC or this website, and is not responsible for any of the content herein.
Oral Disclaimer
The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.bestevershow.com.
