Executive Spotlight: Martin Caverly, Resource Real Estate
August 23, 2016 | by Leah Etling | Commercial Property Executive
Resource Innovation Office REIT is betting that future office space will be more creative and less structured than the offices of today.
What does the future of office space look like?Resource Real Estate Inc., a global real estate firm sponsoring alternative investments through a series of REITs, is betting it is more creative and less structured than the offices of today. It encourages spontaneous co-worker engagement, is located in an urban environment with proximity to public transportation, and can easily be turned over from tenant to tenant.
Martin Caverly is leading this effort as chief investment officer of Resource Innovation Office REIT. We talked to Caverly, who oversaw the restructuring of Evoq Properties out of the Meruelo Maddux Properties bankruptcy in 2011, about his views on creative office.
I have been using Blue Vault Partners for the past five years. I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs. The reports help me analyze which sponsors are doing a responsible job of managing their offerings. This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.