Frank P. Crivello

 

Since 1991, Frank P. Crivello has served as the senior advisor to the Trusts and today is Chairman of Phoenix Investors. Given his extensive experience in all aspects of commercial real estate, Mr. Crivello provides strategic and operational input to the Trusts, Phoenix Investors, and affiliated companies.

Mr. Crivello began his real estate career in 1982 focusing his investments in multifamily, office, industrial and shopping center developments across the United States. In 1994, Mr. Crivello shifted his focus to the support of the Trusts. From 1994 to 2008, Mr. Crivello assisted Phoenix Investors in its execution of its then business model of acquiring net lease commercial real estate across the United States. Since 2009, Mr. Crivello has assisted Phoenix Investors in the shift of its core focus to the acquisition of industrial real estate throughout the country.

Mr. Crivello received a B.A., Magna Cum Laude, from Brown University and the London School of Economics, while completing a double major in Economics and Political Science. Mr. Crivello is a member of Phi Beta Kappa.

Outside of his business interests, Mr. Crivello invests his time, energy and financial support across a wide net of charitable projects and organizations.

Roadblocks Continue to Inhibit New Industrial Real Estate Supply

While there is no shortage of demand for industrial real estate in the United States, supply won’t catch up with that demand any time soon. Though COVID-19 fueled a massive shift toward e-commerce, shoppers are expected to keep buying online once the pandemic subsides. Meanwhile, companies have implemented plans to regionalize supply chains and reshore manufacturing assets to the United States. Other growth drivers for industrial real estate include a rising need for cold storage due to vaccine storage and online grocery fulfillment and a growing need for data centers to support the expanded use ... Read More

Online Grocery Popularity Presents Ongoing Supply Chain Challenges

Most grocery sellers found themselves ill-prepared for the dramatic shift to online shopping that occurred due to the COVID-19 pandemic, and these businesses have spent the last year and a half struggling to implement affordable and effective omnichannel fulfillment capabilities. Before 2020, grocery delivery was primarily a luxury found in large metropolitan areas, and only about 4% of grocery shopping happened online. Now, online grocery is expected to double its market share by 2025. With online grocery shopping here to stay, grocery retailers now ... Read More

The Industrial Real Estate Boom Isn’t Going Anywhere

While other commercial real estate (CRE) sectors struggled during the COVID-19 pandemic, industrial real estate barely stumbled at all. As shoppers shifted their purchases online to avoid crowded stores, the ensuing eCommerce boom created a spike in demand for distribution centers and warehouses that continues today, more than a year and a half later. In addition, online grocery purchases and vaccine development initiatives created a rush on cold storage, an oft-neglected subsector of industrial real estate. Companies seeking to shorten their supply chains through ... Read More

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