What Basis Industrial does

Basis Industrial is a vertically integrated, privately held real estate owner-operator focused on small-bay, multi-tenant industrial properties, self-storage facilities, and mixed-use/destination projects, primarily in high-growth Sunbelt markets including Florida, Texas, and Georgia. The company acquires fragmented sub-200,000 square foot industrial assets — often off-market — and aggregates them into institutional-scale portfolios; as of mid-2026, Basis reports 47+ properties, more than 7.2 million square feet of inventory, and asset value exceeding $1 billion. Annual rental revenue is disclosed at over $60 million, with reported portfolio vacancy of 3–5% versus 7–8% for bulk industrial and rent premiums of 20–22% over large-format warehouses. The company is led by CEO and founder Daniel Weinstein alongside co-founders Jay Massirman and Stephen Garchik, with Anthony Scavo as President and Managing Partner, and Ahmad Elayyan as Managing Director of Acquisitions.

The core operating engine is BaySpace, a wholly owned property management and leasing platform that handles day-to-day tenant operations, leasing velocity, and asset management across the portfolio. BaySpace is complemented by a standardized six-phase value-creation playbook (Identify, Deploy, Optimize, Implement, Unlock, Aggregate) and an AppFolio-based investor portal for limited partner reporting. Customer segments are diversified by design — multi-tenant configurations cap any single tenant at 10% of rent roll, and the customer base spans small and mid-sized businesses, trades and service providers, light manufacturers, e-commerce/last-mile logistics operators, healthcare users, and government tenants such as the Department of Health. Pricing is unit-based, with units ranging from 114 square feet to over 50,000 square feet and starting at $600 per month for smaller suites.

Basis generates revenue through four streams: industrial property rental income, self-storage operations (including Extra Space Storage-branded facilities), BaySpace property management fees, and development/value-add services. Growth has been funded primarily through debt financing and co-investment vehicles rather than equity rounds; notable capital partners include Beach Point Capital Management (over $109 million in disclosed debt and preferred equity), BlackRock, Seacoast Bank, TD Bank, CIBC, BMO, and NexPoint. In March 2026 the company launched a programmatic joint venture with One Investment Management targeting $1 billion to $1.5 billion in aggregated industrial properties, with two Atlanta-area seed acquisitions totaling approximately $235 million already closed.

Name

Basis Industrial

Legal name

Basis Industrial

Website

https://basisindustrial.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Basis Industrial is a privately held, vertically integrated real estate owner-operator that acquires fragmented small-bay, multi-tenant industrial, self-storage, and mixed-use properties in high-growth Sunbelt markets, aggregating them into institutional-scale portfolios managed through its BaySpace platform for SMB and enterprise tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Delray Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Property Rental Revenue: Rental income from multi-tenant and small-bay industrial properties across Sunbelt markets. Annual rental revenue exceeds $60 million.
2. Self-Storage Operations: Self-storage development and management, including branded facilities operated by partners like Extra Space Storage.
3. Property Management Fees: BaySpace property management arm provides services across the portfolio, generating fee income.
4. Development and Value-Add Services: Construction management, targeted renovations, repositioning, and value creation across portfolio properties.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Basis Industrial is a vertically integrated real estate owner-operator that acquires, develops, and manages multi-tenant small-bay industrial properties, self-storage facilities, and mixed-use projects across high-growth Sunbelt markets in the United States. The company operates more than 7.2 million square feet across 47+ properties and supports tenants and investors through its proprietary BaySpace property management and leasing platform and an AppFolio-based Investor Portal.

Product overview

Basis Industrial is a vertically integrated real estate owner and operator focused on three core product lines: Multi-Tenant Industrial (shallow-bay, multi-tenant warehouse properties serving last-mile logistics and service-oriented businesses), Self-Storage Development (ground-up development and branded storage facilities), and Mixed-Use & Destination projects (complex multi-property developments). The platform is supported by BaySpace, the company's in-house property management and leasing arm that handles day-to-day tenant operations, leasing, and community-building across the portfolio. An AppFolio-based Investor Portal provides investors access to fund performance and reporting. The platform operates nationally across high-growth Sunbelt markets including Florida, Texas, Georgia, New York, and select urban markets.

Differentiator

Problem solved

Functional benefit

Brands

• BaySpace: In-house property management and leasing platform providing hands-on property management and leasing services across Basis Industrial's small bay industrial portfolio. Operates locations in key Florida markets and Texas.

Products and services

• Multi-Tenant Industrial Acquisition and management of shallow-bay, multi-tenant industrial properties (under 200,000 sq ft with individual suites from 1,000 to 10,000 sq ft) in high-growth Sunbelt markets, focused on last-mile logistics and smaller-scale distribution needs with multi-tenant configurations where no single tenant exceeds 10% of rent roll.
• Self-Storage Development Development and management of self-storage facilities, positioned as a natural extension of the industrial strategy sharing tenant behaviors, demand drivers, and operational needs. Includes branded facilities operated by partners such as Extra Space Storage.
• BaySpace Property Management Platform In-house property management and leasing platform providing hands-on property management, streamlined leasing, and flexible industrial space solutions for small and mid-sized businesses across Basis Industrial's portfolio. Supports tenant relationships, NOI optimization, and community-building through shared amenities and networking opportunities.
• Mixed-Use & Destination Development Complex multi-use projects that benefit from coordinated operations, leasing strategy, and expertise across multiple property types, generating demand from destination retail and users with a built-in customer base. Includes 117,000 sq ft Armonk, NY project featuring Extra Space Storage and Sportime pickleball facility.
• Investor Portal AppFolio-based investor portal providing investors access to portfolio performance, reporting, and investment information for Basis Industrial's funds and joint ventures.

Quantifiable outcome

• Vacancy rates of 3-5% versus 7-8% for bulk industrial
• +5 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, minor and strategic.

• One Investment Management (OneIM)coreStrategic or Co-development Partner · 31 March 2026Programmatic joint venture targeting $1 billion to $1.5 billion in aggregated industrial properties across the United States. First acquisition was 839,001 SF portfolio in Atlanta and Orlando for $144.6 million in March 2026.
• Middour InvestmentsminorOthers · 1 January 2026Seller of 621,759 SF Atlanta portfolio; represented by Owen Middour.
• Extra Space StoragestrategicStrategic or Co-development Partner · 31 May 2024Branded and operated self-storage tenant occupying 82,400 SF at Armonk mixed-use development. Long-term lease partner for self-storage operations.
• Ackman-Ziff Real Estate GroupminorImplementation/ SI/ Consulting Partner · 31 May 2024Arranged $39.6 million construction financing for Armonk project alongside Anthony Scavo.
• SportimestrategicStrategic or Co-development PartnerBranded and operated pickleball facility (26,550 SF) at Armonk mixed-use development project.
• CBREminorChannel Partner/ Reseller/ DistributorBroker representation in transactions; CBRE EVP Ron Rogg represented seller in Chancellor Square deal.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• EastGroup Properties: Public industrial REIT focused on multi-tenant business distribution and light industrial properties in Sunbelt markets — the closest public-market comp to Basis's portfolio strategy, geography, and tenant base.
• Terreno Realty Corporation: Industrial REIT focused on infill last-mile distribution properties in major US markets. Direct comparable on multi-tenant industrial thesis, asset class, and acquisition-driven growth model.
• Plymouth Industrial REIT: Smaller public industrial REIT with a multi-tenant industrial focus. Comparable tenant profile and asset strategy to Basis, though primarily in Midwest/Southeast markets.
• Extra Space Storage: Public self-storage REIT and current operating partner of Basis Industrial (branded facilities at Armonk and other developments). Direct vertical overlap with Basis's self-storage development arm.

Broad incumbents

• STAG Industrial: Large public industrial REIT with a diversified single-tenant and multi-tenant portfolio across the US. Comparable asset class and tenant profile but broader scale and primarily single-tenant focus.
• First Industrial Realty Trust: Public industrial REIT with a diversified portfolio of light industrial and bulk distribution properties. Comparable asset class but larger scale and broader geographic footprint than Basis.
• Prologis: Largest global industrial REIT with dominant presence in logistics and bulk distribution. Operates in the same asset class but at materially greater scale and with a bulk rather than small-bay focus.
• Public Storage: Largest public self-storage REIT and benchmark for the self-storage vertical Basis is developing. Provides public-market valuation reference for Basis's storage assets and operations.

Regional players

• Rexford Industrial Realty: Industrial REIT focused exclusively on infill Southern California industrial. Comparable infill/multi-tenant thesis but operates in a different geography than Basis's Sunbelt focus.

Emerging players

• Crow Holdings Industrial: Privately held industrial developer with a similar thesis on Sunbelt and high-growth market industrial. Comparable strategy but primarily build-to-suit and large-format rather than multi-tenant small-bay.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/basisindustrial
• LinkedInlinkedin.com/company/basisindustrial
• Instagraminstagram.com/basisindustrial

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Basis Industrial