Oct. 31, 2023

EP110: From Cubicles to Open Desks - Adapting to Change in The Modern Office Space - Dave Codrea

EP110: From Cubicles to Open Desks - Adapting to Change in The Modern Office Space - Dave Codrea

Welcome to another episode of Migrate to Wealth! In this insightful conversation, host Saket Jain sits down with guest Dave Codrea to discuss intricacies of the retail and office space market, discussing the significance of staying the course as a long-term investor. Dave shares his investment thesis and reflects on missed opportunities from the past. We explore the concept of progress and how it aligns with our desires and instincts, drawing inspiration from the fascinating migration of butterflies. We also delve into the evolving nature of office designs and the shifting dynamics in the commercial space market. And of course, we can't forget to mention Dave's preference for single-story office spaces.

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In this episode, you will be able to learn more about

  • Shorter time frame leases in the retail world may have higher cap rates, offering potential investment opportunities.
  • Buying assets with long-term leases can solve structural paper problems and generate good cash flow returns.
  • Adopting a long-term approach with conservative leverage and fixed-rate debt can lead to sustainable wealth creation.
  • Consistency, resilience, and remaining a long-term investor are crucial for achieving financial goals.

Key Moments in the episode are:

  • 05:59 - Busy vs. progression: Choose the right direction.
  • 13:17 - Single story office solutions for suburban locations in Atlanta.
  • 16:25 - Economics of warehouse.
  • 21:21 - Criteria stick to long-term investment strategy.
  • 24:30 - Housing shortage creates investment opportunities in the multifamily market.
  • 27:34 - Tech's impact will transform everything, from farming to connectivity.

About Dave

Dave Codrea is a person who firmly believes in the power of mindset and making the right decisions to achieve long-term success. He understands that in order to get what you want out of life, sacrifices and difficult choices may need to be made. Dave draws inspiration from the slow but steady migration of animals, recognizing that significant transformations take time. He knows that just like animals traveling thousands of miles across continents, personal growth and progress require patience and persistence. 


Connect with Dave

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Bangerter Financial Services, Inc

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Sponsor Disclosure:

Securities offered through Concorde Investment Services, LLC, member FINRA/SIPC. Bangerter Financial is independent of Concorde. This is for informational purposes only, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Investments in real estate may be speculative, illiquid, and carry a high degree of risk – including the potential loss of the entire investment. Please consult the appropriate professional regarding your individual circumstance.