Real Estate – Evan Seiden

A resident of FL, Evan Seiden has been working in the field of real estate investing for over 15 years. The former manager of real estate investment at Lone Star Funds, is now the CEO of Relentless Capital, LLC. Focused largely on investing in off-market properties, Evan Seiden of FL is one of the largest operators of institutional quality truck parking facilities, an issue that is often ignored when infrastructure spending bills are proposed by the government

In Washington, DC, Democrats and Republicans are arguing over spending goals for the American Jobs Plan proposed by President Joe Biden. While Republicans have largely focused on road and bridge spending, the White House wants a bill that provides funding for waterways, rural broadband, and climate change matters. However, this debate hasn’t stopped the progress of other bills, like the new surface transportation law that was released by the Senate Environment and Public Works Committee (EPW) in May 2021.

This new transportation law would replace the existing law after it expires in September. Exceeding the 2015 FAST Act by 34 percent, it is worth $303.5 billion and is a key part of the foundation for the American Jobs Plan.

Receiving bipartisan support, the new bill demonstrates that Republicans also want climate change funds implemented into new transportation bills, as evidenced by the inclusion of funding for pedestrian and bicycle infrastructure. A portion of the new bill draft also recommends funding projects that reduce truck emissions at port facilities and promotes both alternative fueling and charging infrastructures.

Unfortunately, while the bill focuses on providing money for roadway maintenance, it does not address the building of safe truck parking. The Owner-Operator Independent Drivers Association noted that this lack of parking is a top safety concern for truck drivers, and has been working on addressing the truck parking crisis for years.

Proven truck parking expert Evan Seiden of FL heads Relentless Capital, LLC, as chief executive officer. Having previously served as the manager of real estate investments for Lone Star Funds, FL resident Evan Seiden spoke on a panel about commercial real estate financing at the 2016 Borrower & Investor Forum on Real Estate Mezzanine Financing and Subordinated Debt. He actively stays abreast of changes related to the field of commercial real estate.

For the commercial real estate industry, 2020 was a transformative year. However, it’s unclear whether the changes caused by the pandemic were reactions or have staying power. Regardless, here are several trends that one should stay on the look out for in 2021:

Growth in Multi-family Needs
For people who need housing, multi-family homes have the lowest barriers to entry. For this reason, the sector has grown substantially in recent years, and it’s expected that growth will continue. The marketplace will look different, though, as many renters are prioritizing affordable housing options and have an increased interest in micro-units to reduce costs as much as possible.

Flexible Restaurant Options
Before the pandemic, ghost kitchens were already becoming popular. These kitchens are essentially catering kitchens that multiple concepts can share and serve delivery and to-go food items from. The pandemic further increased the growth of ghost kitchens, and they will continue a desirable way for restaurateurs to affordably test new concepts.

Office Spaces Will Continue to Struggle
In 2021, dense, large office markets will struggle with high vacancy rates. Tenants are shifting more toward suburban office markets, thus resulting in a quicker recovery in these areas, and have a greater focus on certain office amenities, like improved indoor air quality. At the same time, people are focused on working from home, so the demand for office space in many areas has decreased.

Category: Real Estate

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