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5/08/23
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Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developments in many of its seven markets across five U.S. states. The firm has appointed Justin Basie as President of Real Estate to oversee this initiative, as well as the acquisitions, dispositions, and asset management of its real estate portfolio.
“The opportunity for state-of-the-art properties continues to grow exponentially in the Western U.S., particularly in our markets across Nevada, Arizona, Colorado, Texas, and Northern California,” says Evan Slavik, CEO of Mark IV Capital. “Justin is poised to meet and exceed our growth targets while nimbly adapting to market shifts – a skill he has demonstrated consistently over his nearly 20-year career in development and capital investment.”
Basie will oversee all of Mark IV Capital’s investment markets, a move that reflects the strong demand the company is seeing for its projects, primarily its 4,300-acre ‘Victory Logistics District’ in Reno, and 65-acre mixed-use development ‘The District’ in the Austin metro, among others.
The city of Reno recently ranked 18th in the nation for growth, with business and economic activity that supports the spec development of institutional-grade logistics product.
Similarly, the firm’s Austin metro project, which Basie has overseen since its inception, is located in Round Rock - the second-fastest-growing city in America, creating a demand-driven destination for the mixed-use offering that will comprise more than 3 msf of office, 1,600+ luxury multifamily units, and over 250k sf of lifestyle, entertainment, retail and hospitality product.
In his new role, Basie will liaise with regional senior leaders to achieve the firm’s development targets while maintaining its commitment to sustainability and local/regional social impact.
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