Owning and operating essential small bay industrial properties — scaling fragmented markets into professionally managed portfolios that deliver stable income and long-term value.
A disciplined approach to essential industrial real estate.
Bay Equity Partners acquires, operates, and aggregates small bay industrial properties across supply-constrained Northeast, Mid-Atlantic, and Southeast markets. These properties serve essential, service-driven businesses that rely on flexible, functional space to run daily operations.
With fragmented ownership and chronic undersupply, this market niche offers durable income, strong pricing power, and long-term value creation for investors seeking exposure to a resilient, off-the-radar asset class.
Supply-Constrained
Persistent undersupply in target markets creates durable pricing power.
Essential Use
Tenants are service businesses integral to the local economy.
Fragmented Ownership
Off-market aggregation at below-replacement cost.
What makes our strategy work.
Institutional Discipline, Local Execution
Rigorous underwriting and asset management standards applied with on-the-ground market expertise.
Market Selection
Focused on supply-constrained Northeast, Mid-Atlantic, and Southeast submarkets with strong demand fundamentals.
Portfolio Aggregation
Consolidating fragmented ownership into professionally managed, scaled portfolios that institutional buyers value.
Relationship-Driven Acquisitions
Direct relationships with local owners and brokers give us consistent off-market access in a niche, fragmented segment.
Acquisition Criteria
Our acquisition parameters are consistent and repeatable — enabling efficient underwriting and rapid deal execution.
Asset Type
Small Bay Industrial
Construction
Concrete, Masonry or Metal
Min Clear Height
14' Clear Height
Avg Unit Size
1,000 – 7,000 SF
Geography
Northeast, Mid-Atlantic & Southeast
Markets
Secondary Markets — Primary & Tertiary considered deal-by-deal
Deal Size
25,000 – 200,000 SF / $5 – 20M
Purchase Price
Below replacement cost
Tenancy
No single tenant > 15% of total SF
Deal Profile
Stabilized & cash flowing; light/moderate value-add; in-place rents 15%+ below market
Our Partners
Our leadership team brings decades of combined experience in real estate investing, asset management, and finance.
Andrew Keefe
Partner
Patrick DeJesus
Partner
Luke Pullman
Partner