Presidium: Lessons from Managing 20,000 Units across Multiple Real Estate Cycles w/ John Griggs

How did two lawyers turn a handful of Arizona fourplexes into a vertically integrated real estate powerhouse with over 20,000 units renovated? Season 8 of No Cap kicks off with an absolute masterclass in scaling and resilience. Today, we sit down with John Griggs, Co-CEO and Co-Founder of Presidium, to break down the journey from Silicon Valley law firms to building one of the most dominant multifamily and mixed-use platforms in the Sun Belt. John shares the unfiltered story of his first ""victory"", surviving the dot-com bubble's implosion before shifting into real estate just as the 2003 ""golden age"" began. He breaks down the strategic evolution of Presidium, from surviving the GFC by bringing management in-house to the bold move of acquiring a special servicing company to master the mechanics of distressed debt. Whether you are tracking today’s bid-ask spread, interested in creative capital stacks for ground-up development, or looking for lessons from past cycles, this episode is packed with institutional-grade insights into today's multifamily landscape. Shoutout to our sponsor, Lennar Investor Marketplace. New construction rental investments with comps, returns, and underwriting built in. CHAPTERS 00:00 – Introduction and Presidium's Dallas Origins 01:55 – Transitioning from Silicon Valley Law to Real Estate 05:00 – The 2003 Arizona ""Golden Age"" and Early Fourplex Strategy 08:03 – Moving to Texas: Conviction and Raising Initial Capital 10:11 – Scaling to 5,000 Units and the Shift to Internal Management 19:27 – Strategic Acquisitions: Buying a Special Servicer to Learn Distress 25:50 – Launching a Development Platform and Spotting the 2021 Peak 31:32 – Today's Creative Financing: HUD Debt and Housing Authority Partnerships 36:38 – Targeting Distress: Partnering with Lenders and Rescue Recaps 42:15 – Delo Capital and the Outlook for Sun Belt Migration If you enjoyed this conversation, don't forget to LIKE, COMMENT, and SUBSCRIBE for more deep dives into commercial real estate. 🎧 More Episodes: For more episodes of No Cap Podcast by CRE Daily, visit our podcast page: https://www.credaily.com/podcast/ Get Smarter About What Matters Join 65,000+ industry leaders getting the latest market insights and trends delivered straight to their inbox. Sign up for the CRE Daily Newsletter today! 👉🏻 https://www.credaily.com/newsletter-s... About No Cap Podcast No Cap by CRE Daily offers an unfiltered look into commercial real estate's biggest trends and the financial dynamics shaping the industry. Co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential figures in real estate. About CRE Daily CRE Daily empowers professionals with the knowledge they need to make smarter business decisions. Our flagship newsletter, read by over 65,000 investors, developers, brokers, and industry leaders, delivers concise, need-to-know trends, making us one of the fastest-growing media brands in commercial real estate. Podcast: https://www.credaily.com/podcast/ Facebook:   / credaily   Instagram:   / thecredaily   TikTok:   / thecredaily   X (Twitter):   / thecredaily