Leading Voices in Real Estate Matt Slepin

Kevin Marchetti, Executive Chairman and Co-Founder of Lineage Logistics and Co-Founder of Bay Grove, shares how he built the world’s largest cold-storage portfolio.In this rebroadcast episode, we revisit Kevin’s interview from early 2023. Bay Grove is a real estate private equity firm that claims the world’s largest portfolio of cold-storage warehouses. Its operating company, Lineage Logistics, runs the business. Lineage Logistics employs over 25,000 people globally and moves beyond pure real estate into true partnership. This business model adds valuable services to the industry client base, including logistics, transportation, food prep, and information technology. Kevin shares how they built the portfolio through acquisitions of long-standing, local cold storage family businesses and the process of creating the Lineage operating platform. A story about strawberries encapsulates the lifecycle of the work, from picking to freezing, and using it as an energy source in the warehouse, to sending it to the stores for consumers.  The discussion also hits on Kevin’s commitment to carbon reduction and the work Lineage is doing to establish the future of renewable energy in the warehouse sectors. He talks about being the fifth largest adopter of solar panels in the United States and signing the Climate Pledge for zero net carbon emissions by 2040. Resources* Lineage Logistics | Website (https://lineagelogistics.com/)* Bay Grove | Website (https://www.bay-grove.com/)Related Episodes* Hamid Moghadam | Co-Founder, Chairman and CEO of Prologis (https://www.zrgpartners.com/insights/hamid-moghadam/)* Ross Perot Jr. | Chairman of Hillwood, Real Estate Developer (https://www.zrgpartners.com/insights/leading-voices-ross-perot-jr/)* Joe Margolis | CEO of Extra Space Storage (https://www.zrgpartners.com/insights/leading-voices-joe-margolis/)* Ken Woolley | Founder & Chairman of Extra Space Storage (https://www.zrgpartners.com/insights/leading-voices-ken-woolley/)* Bill Stein | CEO of Digital Realty Trust (https://www.zrgpartners.com/insights/leading-voices-bill-stein/)* Paul Smithers | CEO of Innovative Industrial Properties (https://www.zrgpartners.com/insights/leading-voices-paul-smithers/)* John McLaren | President & Chief Operating Officer Sun Communities (https://www.zrgpartners.com/insights/leading-voices-john-mclaren/)* Bill Bayless | Co-Founder & CEO of American Campus Communities (https://www.zrgpartners.com/insights/leading-voices-bill-bayless/)

Jesse Stein, Global Head of Real Estate at Airbnb, brings us up to date on Airbnb generally and focuses on Airbnb’s partnerships with institutional owners of apartments to facilitate the option for their residents to “Airbnb” their units.

Hamid Moghadam, Co-Founder, Chairman and CEO of Prologis, shares his career wisdom and the business strategy behind the world’s largest REIT and the strength of the drivers behind the industrial/logistics real estate sector.

Sharon Wilson Géno, President of NMHC, and Matt discuss the public policy and public perception challenges around the apartment industry’s role in addressing our nation’s housing shortage.

Alice Carr, CEO of Blackstone’s affordable housing operating company, April Housing, shares her “why,” Blackstone’s commitment to preserving this housing long term, and the benefits of scale in this sector.

At a Fireside Chat at the Annual ULI Arizona Trends Day, Francis Najafi, Founder and Chief Executive Officer of Pivotal Group, shares with Matt his approach to investing through cycles and why strategy is important, but culture and core values are what build a legendary business platform.