Our Co-Founder and Co-CEO, John Grigge, recently joined CRE Daily’s No Cap podcast to discuss his journey from practicing law to building one of the Sun Belt’s leading multifamily and mixed-use real estate platforms.
During the conversation, Griggs reflected on Presidium’s growth from acquiring small multifamily properties to becoming a vertically integrated real estate firm that has renovated more than 20,000 apartment units. He also shared lessons learned through multiple market cycles, including the dot-com downturn, the Global Financial Crisis and today’s evolving capital markets environment.
The episode explores Presidium’s strategic evolution, including the decision to bring property management in-house, the acquisition of a special servicing company, opportunities in distressed investments and the firm’s long-term outlook for Sun Belt growth. Griggs also discusses current challenges facing the multifamily sector, including the bid-ask spread, development financing and where experienced operators are finding opportunity in today’s market.
The episode is available on major podcast platforms.
