About this episode

This episode features a detailed review of Aspen Funds' Industrial Growth Fund and its investment strategy in Kansas City's industrial sector.

Link to Deal: https://passivepockets.com/directory/deals/aspen-industrial-growth-fund/ This Episode Aspen Funds’ Ben Fraser and Ellis Hammond return to PassivePockets for an exclusive LP Deal Review on their Industrial Growth Fund—an industrial land + development strategy concentrated in Kansas City’s “Golden Triangle” submarket. Chris, along with LP panelists Pascal Wagner and Christy Burakovsky, breaks down the thesis behind the fund: why Kansas City is positioned as a major industrial “supernode,” how onshoring and supply chain reshoring supports long-term demand, and why Aspen is focusing on smaller-bay industrial where vacancy has remained structurally tight. The discussion digs into how value is created before a building ever goes vertical, buying raw land, pushing it through entitlements, securing meaningful tax abatements, and turning it into shovel-ready inventory in a supply-constrained corridor. From there, Aspen has multiple paths to realize gains: sell parcels to owner-users and developers at a premium, develop spec/build-to-suit projects themselves, and/or structure JV partnerships where the fund contributes land into projects. The LP panel also pushes hard on the…

Topics covered

• industrial real estate
• land development
• Kansas City
• investment strategies
• passive investing

More episodes of PassivePockets: The Passive Real Estate Investing Show

• How to Get Better Deal Terms with SPVs | AAA Storage · April 21, 2026 · 1h 9m
• Michael Episcope’s Investing Playbook: Cycles, Credit, and Multifamily · April 7, 2026 · 38 min
• Multifamily 2026 Pulse Check: Supply, Distress, and Where We’re Investing · March 31, 2026 · 55 min
• Hotel-to-Multifamily Conversions 101 with Alex Cartwright · March 24, 2026 · 42 min
• Boots-on-the-Ground Due Diligence with Adam Cranmer · March 17, 2026 · 31 min
• Scott Trench's 2026 Office Thesis with J Scott & Ash Patel · March 10, 2026 · 57 min

Explore listener stats, chart rankings, contacts and more on the PassivePockets: The Passive Real Estate Investing Show podcast page.