Frank P. Crivello

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.

Redevelopment of the Year for Roanoke

Former GE Plant Gets New Life With Global Vehicle Parts Manufacturer’s $32 Million Investment As first published by Allen Johnson & Christian Taylor for CoStar. The revival of a former General Electric plant has shown the strength of the Roanoke, Virginia industrial market with a big new tenant and plans for expansion. STS Group, a global supplier of vehicle parts, signed a 15-year lease at 1501 Roanoke Blvd.in Salem, Virginia. The German company seeks to establish its North American headquarters and a manufacturing operation on ... Read More

3 Reasons Why the Industrial Real Estate “Slowdown” Is Overblown

During the height of the pandemic, skyrocketing ecommerce activity created skyrocketing demand for fulfillment centers around the United States. As a result, vacancy rates for industrial real estate fell below 1% in key markets. Developers and investors went all-in on speculative projects as they tried to keep pace with growing demand. Then, in 2023, the economy took a negative turn, and consumers pulled back on their spending. The national vacancy rate for industrial properties hit 5.2% at the end of 2023 as retailers got rid ... Read More

Will Your Industrial Buildings Bolster Your Climate Reporting?

As the impacts of climate change become more apparent, investors have increasingly incorporated corporate responsibility into their investment strategies. These attitudes are reflected in proposed rule changes from the U.S. Securities and Exchange Commission (SEC) that would require publicly traded organizations to disclose climate data to investors to facilitate informed investment decisions. For industrial businesses, statistics about the impact on the environment are alarming. Accenture says supply chains produce about 60% of all carbon emissions globally. The World Economic Forum reports that one-fifth of ... Read More

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