Our Competitive Advantage
Graceada Partners’ competitive advantage rests on the long-term partnership between Joe and Ryan—a partnership built on 35 years of friendship and mutual respect. Their partnership allows them to create an environment that fosters competitiveness and innovation.
Having started the company during the Great Recession, they have helped clients navigate the best possible outcomes for their properties and gained significant experience managing through distress. This experience has been formative in how they evaluate and underwrite every investment.
History
2008
Joe and Ryan found Benchmark Commercial Real Estate Service to manage and broker commercial real estate throughout inland California. They later change the name to “Graceada Partners” to reflect the firm’s pivot from a third-party commercial real estate service provider to a full-time investor and fund manager. The name derives from Modesto’s prominent downtown outdoor space—Graceada Park.
2013
Graceada Partners purchases its first commercial real estate investment—a mixed-use property in downtown San Leandro.
2015
Graceada Partners acquires several other properties in the Central Valley region and improves and leases them up with great success, leveraging their decade of experience as a third-party manager and broker. Some properties are sold at a profit. Other properties are held for continuing cashflow.
2017
Graceada Partners takes its next big step – the purchase of a 282,000 square foot vacant industrial property, a former Post Foods plant. The firm splits the excess industrial land and sells the property and land to two different buyers a year later at a significant profit. At year-end, Graceada Partners acquires its seventh investment property.
2018
Graceada Partners purchases Sylvan Square, a senior-focused lifestyle center, for $12.5 million and Century Center, a 200,000 square foot retail center, for $12.8 million. Century Center underwent significant investment to increase its value, and was sold in 2020 for $24.7 million.
2019
Graceada Partners Fund I launches and is fully invested in $44 million of assets in 12 months.
2020
Graceada Partners Fund II launches and invests in $148 million of real estate. Fund II is fully invested in 16 months.
2021
Graceada Partners Fund III launches and, over the course of 23 months, invests in $237 million of real estate. The firm also executes three successful dispositions (two fund assets and one prior syndication).
2023
Graceada Partners Fund IV launches with a target of $300 million and acquires its first two assets. During a challenging sale environment, the firm is able to sell its 13th disposition for $38 million (acquired two years prior for $33 million).
TODAY
Graceada Partners has a vertically integrated team of 70+ professionals in asset management, property management, construction management, property and fund accounting and is currently investing Graceada Partners Fund IV.
