Spencer Grassie

Spencer Grassie Email and Phone Number

Real Estate Investment Director ➣ Corporate Real Estate Advisor ● Residential & Commercial Acquisitions ● Portfolio-Wide Strategic Value-Add ● Licensed Real Estate Broker MA @ Roseview
Spencer Grassie's Location
Boston, Massachusetts, United States, United States
Spencer Grassie's Contact Details

Spencer Grassie personal email

n/a
About Spencer Grassie

A real estate investor and director, I focus on economic development with a mission to revitalize blighted areas to help bring jobs and spur additional investment nearby. I aim to preserve and restore historic buildings to retain neighborhood charm while adding vibrancy to the community.As a Director, I underwrite vacant, or soon-to-be vacant, single-tenant retail properties for acquisition, provide investment advisory services to the corporate solutions group, perform investment analyses for alternative lease cases, and pass the value along to my clients. By collaborating with real estate occupiers, like large regional banks, I help optimize assets through embedded equity and lease cost reduction to future-proof their store locations. Of my many deals, I am proud of a project that included a portfolio-wide strategic value-add for a top 10 bank. Intending to reduce occupancy costs, I shrunk their footprint by subdividing the space and renegotiating their lease buy-out, saving the bank $100 million over five years. My passion for real estate began as I observed my dad working as a home inspector. I found that I loved the houses, the communities, and the potential to earn money while also giving back to communities through the restoration of commercial offices, multi-family properties, and single-family homes. My contributions help bring jobs, future economic development, and continued recovery of the infrastructure. My dad and I now partner on finding homes with "good bones" to restore. We do the work, outsource what we can't do, and then manage the properties when finished. With several properties under our belt already and others under contract, I have turned my profession into my hobby. By staying involved in local organizations, including the Urban Land Institute, where I serve on the Boston Real Estate Advisory Committee and Boston's Young Leaders Group, I help communities better understand their assets and community needs. I also serve on the Real Estate Finance Association (REFA), all in hopes to help revive communities. When not working or talking about real estate, I restore my high school car, a 1987 Chevrolet Caprice Classic, transforming an old rust bucket to its former beauty. I also enjoy attending presentations and panels on topics such as leadership and issues affecting Generation Y.

Spencer Grassie's Current Company Details
Roseview

Roseview

View
Real Estate Investment Director ➣ Corporate Real Estate Advisor ● Residential & Commercial Acquisitions ● Portfolio-Wide Strategic Value-Add ● Licensed Real Estate Broker MA
Spencer Grassie Work Experience Details
  • Roseview
    Director
    Roseview Apr 2022 - Present
    Boston, Ma, Us
    As a Director at Roseview, I:• Source and underwrite viable acquisition opportunities for Lemonade, an investment program dedicated to acquiring vacant single-tenant retail properties, such as bank branches, across the United States• Create value by repositioning vacant retail assets – either through renovation or redevelopment – for their next users and into more productive uses that benefit the community • Take lead responsibility for asset management of a medium-sized portfolio of Lemonade properties• In 2019, Roseview merged into Madison Marquette, then we spun back out as an independent company in 2023.
  • Roseview
    Senior Associate
    Roseview May 2021 - Apr 2022
    Boston, Ma, Us
    As a Senior Associate at Madison Marquette, I:• Underwrote vacant, or soon-to-be vacant, single-tenant retail properties for acquisition• Performed market analyses, highest and best use analyses, and property valuations by using a wide range of resources and valuation techniques• Built partnerships with consumer-facing businesses who are actively growing, planning an expansion, or rationalizing their brick-and-mortar footprint
  • Roseview
    Associate
    Roseview Jul 2017 - May 2021
    Boston, Ma, Us
    As an Associate at Madison Marquette, I:• Assisted on a project for a top-10 U.S. commercial bank, optimizing their real estate network for more than 200 owned and leased properties• Performed market analyses and property valuations by using a wide range of resources and valuation techniques• Managed commercial brokers’ expectations by facilitating clear and open channels of communication among all project stakeholdersTraveled to top-15 markets (the geographic areas in which our client has a substantial presence), touring their branch network to gain a better understanding of the underlying value of their commercial real estate assets• Compiled and submited between 12 and 30 assessments which highlight the worth of their assets from variety of possible scenarios (e.g. vacate and re-lease, sale-leaseback, ground-lease, etc.)• Roseview merged operations with Madison Marquette in July 2019
  • Roseview
    Real Estate Advisory Intern
    Roseview May 2015 - Jul 2017
    Boston, Ma, Us
    As an Intern at The Roseview Group (now Roseview), I:• Worked within the privately-held firm's Bank Advisory practice under the supervision of a Director and Analyst• Assisted on a highly-classified project, working with a major national bank on complex real estate engagements• Supported analysts by modeling financial data and other relevant information associated with the client’s real estate holdings and potential relocation alternatives• Used a variety of programs such as Excel, Google Earth, and PowerPoint to help create a comprehensive overview of the bank’s commercial real estate properties and alternative relocation options
  • Heaton Homes
    Partner & Founder
    Heaton Homes Jan 2020 - Present
  • Providence College School Of Business
    Executive In Residence-Finance
    Providence College School Of Business Jan 2022 - Jun 2022
    Providence, Ri, Us
    As an Executive in Residence-Finance at Providence College School of Business, I:• Co-taught a real estate finance course (Real Estate Finance - 2873 - FIN 470 – 003) to 28 juniors and seniors• Coordinated effective guest speakers for class

Spencer Grassie Skills

Teamwork Microsoft Excel Event Planning Social Networking Public Speaking Time Management Management Problem Solving Adaptability Microsoft Office Leadership

Spencer Grassie Education Details

  • Providence College
    Providence College
    Business Administration & Finance

Frequently Asked Questions about Spencer Grassie

What company does Spencer Grassie work for?

Spencer Grassie works for Roseview

What is Spencer Grassie's role at the current company?

Spencer Grassie's current role is Real Estate Investment Director ➣ Corporate Real Estate Advisor ● Residential & Commercial Acquisitions ● Portfolio-Wide Strategic Value-Add ● Licensed Real Estate Broker MA.

What is Spencer Grassie's email address?

Spencer Grassie's email address is sp****@****tte.com

What schools did Spencer Grassie attend?

Spencer Grassie attended Providence College.

What are some of Spencer Grassie's interests?

Spencer Grassie has interest in Public Policy, Real Estate, Traveling, Basketball, Economic Development, Excel, Community Development, Restoring Classic Cars.

What skills is Spencer Grassie known for?

Spencer Grassie has skills like Teamwork, Microsoft Excel, Event Planning, Social Networking, Public Speaking, Time Management, Management, Problem Solving, Adaptability, Microsoft Office, Leadership.

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