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Register Today!
Join Gerrit Van Maanen and Ben Lapidus, the developers of Playground, as they provide a breakdown of the garage condo investment thesis and how they are vastly outperforming traditional commercial real estate assets.
They will review what garage condos are, the supply-demand dynamics at play in 2025, and why they are an attractive investment. Gerrit and Ben will even dive into an example deal to show you the true performance of one of these properties.
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In this webinar, you'll learn:
What Garage Condos Are
The specific parameters that qualify a property as a garage condo and who's in the market for them.
Supply and Demand Dynamics
What the current market is like, including demand, availability, and where they perform best.
Why They Are an Attractive Investment
Why this unique property type is drastically outperforming other CRE asset classes in 2025.
An Example Deal
A real-world example of a successful garage condo deal, including criteria, underwriting, leasing, and returns.
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Ben Lapidus and Gerrit Van Maanen
Ben Lapidus and Gerrit Van Maanen have spent over a decade in the self-storage space where they acquired more than 3M sf across 14 states and developed over $100M before transitioning into this emerging asset class. Between them, they've built 8 operating business with annual revenues as high as $70M. As Chief Investment Officer and Chief Development Officer of Playground, they now bring their experience to driving outsized risk-adjusted returns in niche industrial assets, currently with garage condos.
