Basis Industrial, a vertically integrated real estate owner and operator, today announced the expansion of its executive leadership team with Anthony Scavo assuming the role of CEO and managing partner, and the appointment of Nisha Patel as chief operating officer, effective July 20.
The leadership changes reflect the company’s continued evolution as Basis Industrial has expanded its national portfolio to more than 10 million square feet of multi-tenant industrial and self-storage assets, with an additional 2 million to 3 million square feet expected by the end of 2026.
As CEO and managing partner, Scavo will continue leading the company’s overall vision, investment strategy and long-term growth initiatives while overseeing the executive leadership team. The addition of the COO role further strengthens the company’s operational leadership, allowing Scavo to devote greater focus to Basis Industrial’s continued growth and investment strategy.
The leadership changes also formalize Basis Industrial’s executive governance structure. Daniel Weinstein will serve as founder, chairman of the advisory board and investment committee member. Jay Massirman and Stephen Garchik will serve as co-chairmen of the advisory board and investment committee members, and Aubrey Strul serves as a member of the advisory board. Together with Scavo and Patel, the leadership team is positioned to support Basis Industrial’s continued growth and long-term strategic vision.
Patel will oversee Basis Industrial’s asset management, property management and legal departments as COO. In this role, she will lead the company’s day-to-day operational execution across its expanding national portfolio while helping position the organization for its next phase of growth.
“As we have grown and now surpassed a combined 10 million square feet of multi-tenant industrial and self-storage assets, our operational needs required organizational changes,” said Scavo. “Patel, a spectacular executive, is joining the Basis family as our chief operating officer. As I transition into the role of chief executive officer and managing partner, this second leadership position within our organizational structure will help Basis through its next stage of growth and allow me to focus more on acquisitions, new verticals and strategic growth.”
Prior to joining Basis Industrial, Patel served as COO of Levin Management Corporation, where she oversaw the day-to-day operations of one of the Northeast’s premier commercial real estate owner-operators. Previously, she served as head of asset management and dispositions at Essential Properties Realty Trust (NYSE: EPRT), where she oversaw a $6 billion retail portfolio comprising more than 20 million square feet nationwide. Patel also spent more than 10 years at PGIM Real Estate, where she held a variety of roles, including acquisitions and asset management. With nearly 20 years of commercial real estate leadership experience, Patel brings extensive expertise in acquisitions, asset management, operations and strategic execution, positioning her to help lead Basis Industrial through its next phase of growth.
“Basis Industrial has established a strong platform with an exceptional team and a disciplined investment strategy,” said Patel. “As the company continues to expand nationally, I’m focused on strengthening operational execution and excellence, enhancing collaboration across our teams and building the infrastructure necessary to support the firm’s next phase of growth. I’m thrilled to be joining such an exceptional team and leadership group and look forward to contributing to the company’s continued success.”
The appointments further strengthen Basis Industrial’s leadership team as the company continues executing its disciplined acquisition and development strategy while expanding its national footprint.
