JF 3865: Garage Condos, Flex Space, and Building a Category of One ft. Ben Lapidus

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 4 April 2025

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Next Level CRE, Matt Faircloth interviews Ben Lapidus, a seasoned real estate investor and innovator behind a unique new concept called Playground. They dive into Ben’s journey from self-storage investments to pioneering the emerging asset class of garage condos—flexible, purpose-built spaces that can serve as luxury storage, personal gyms, hobby studios, or workspaces. Ben explains how Playground caters to affluent buyers looking to own, not rent, and discusses why selling individual units instead of leasing offers better returns and faster capital recycling. They also unpack zoning challenges, community-building strategies, and the massive untapped market potential across the U.S. Ben Lapidus CEO/Partner Based in: Littleton, CO Say hi to them at playground.properties besteverconference.com playground.investnext.com linkedin.com/blapidus benlapidus.com Capital Gains Tax Solutions vikingcapllc.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What is going on, best ever listeners?
0:02.4	This is Matt Faircloth and welcome to the best ever CRE show.
0:06.8	By the way, thank you for listening to this program and my segment called Next Level CRE,
0:11.6	which comes at you guys every Friday.
0:13.7	That's it.
0:14.4	Friday.
0:15.5	Every Friday in my show is coming to you guys to write you right Friday down, put it in
0:18.7	your calendar, your buddy Matt's coming into you guys with all kinds of great conversations on how to bring your business, your strategies, your mindset,
0:26.4	anything you got that you want to bring that you want to learn from to the next level.
0:30.1	All the things go to the next level and the next level will see our show.
0:33.3	So I'm really grateful for you guys being here with me today.
0:36.1	Today's cast is we're going to have a really
0:37.5	interesting conversation. You guys know Ben very well. If you guys have been around best ever for a while,
0:41.6	you know Ben, Ben Lepidus is the coordinator for the best ever work conference. And you know
0:46.8	them through a lot of appearances on this podcast and whatnot. And we're going to get into some really
0:50.1	interesting conversations. What I want you guys to listen for is the idea of seeing a need
0:56.9	that doesn't exist and bringing it to the market and how that can actually happen through
1:01.0	introductions of new asset classes or questioning the way that we currently structure asset
1:06.5	classes for ourselves and for investors. There's no reason. There's no script. Things don't have to
1:12.1	operate the way that they do in real estate investing. And too often as real estate investors,
1:16.9	we have our blinders on that multifamily has to operate a certain way and that self-storage
1:21.7	has to operate a certain way. And in this conversation, Industrial Flex has to operate a certain
	...

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