Couverture de Building Community on Wheels: Real Estate, Risk & The Ride Lounge

Building Community on Wheels: Real Estate, Risk & The Ride Lounge

Building Community on Wheels: Real Estate, Risk & The Ride Lounge

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 Host Rico Figliolini sits down with David Codrea, co-founder of Greenleaf Capital Partners and The Ride Lounge, for a lively conversation about turning challenging properties into community assets—and turning a lifelong love of adventure into a family-friendly car club in Peachtree Corners. David traces his path from swinging hammers on 1800s rentals to leading large-scale acquisitions across the Southeast.They dig into creative reuse—think vacant call centers reborn as pickleball hubs or spotless facilities for premium dog treats—as well as the patient, conservative financing that keeps projects resilient. David also shares the story and spirit behind The Ride Lounge: a social, story-driven car community where members actually drive their cars, bring the family, and connect.

Key takeaways
  • How David evolved from hands-on landlord to co-leading diversified real estate investments across eight states.

  • Why adaptability beats nostalgia: repurposing underused spaces (from call centers to pickleball courts).

  • A conservative playbook: fixed-rate debt, amortizing loans, and cash-flow discipline.

  • Creative tenants matter: examples like Farm Hounds turning a tired building into a food-grade facility.

  • Adventure as leadership lab: hiking 50 state high points with his daughter and embracing calculated risk.

  • The Ride Lounge origin story: a welcoming car club focused on people, stories, and road time—not velvet ropes.

  • Community heartbeat: family-friendly events, open Friday hangouts, and space for meetings and small gatherings.

  • Expansion plans: scouting new Ride Lounge locations around Atlanta and beyond—and inviting bold ideas.

Resources: The Ride Lounge (ride-lounge.com)
Greenleaf Capital Partners (greenleafcp.com)

Timestamp:
(00:02:35) David’s early beginnings in real estate and move to Atlanta.
(00:06:42) Buying properties after the 2008 crash and the importance of flexibility.
(00:08:57) Adapting commercial spaces to new trends like pickleball.
(00:12:49) Cash flow philosophy and conservative financing.
(00:14:10) Advice for young entrepreneurs entering real estate.
(00:15:01) Adventures, risk-taking, and leadership lessons.
(00:17:11) Hiking the highest points in all 50 states with his daughter.
(00:23:53) Creating the Ride Lounge—vision, purpose, and community.
(00:28:21) The Ride Lounge as a social space with events and family-friendly gatherings.
(00:32:18) Expanding the Ride Lounge concept to more locations.
(00:33:56) Community outreach and events like Pedal Fest.
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