# JF 4259: Diligence Is An Investment, Negative Cash Flow Doesn’t Equal a Bad Deal, and Flexible Exit and Hold Strategy ft. Conner Thomas Page: https://stenobird.com/podcast/the-best-ever-cre-show-740347/jf-4259-diligence-is-an-investment-negative-cash-flow-doesn-t-equal-a-bad-deal-and-flexible-exit-and-hold-strategy-ft-conner-thomas Text version: https://stenobird.com/podcast/the-best-ever-cre-show-740347/jf-4259-diligence-is-an-investment-negative-cash-flow-doesn-t-equal-a-bad-deal-and-flexible-exit-and-hold-strategy-ft-conner-thomas.md Podcast: [The Best Ever CRE Show](https://stenobird.com/podcast/the-best-ever-cre-show-740347) Published: 2026-06-24T08:00:00+00:00 Episode link: https://traffic.megaphone.fm/BCRRB6826249076.mp3 Audio file: https://traffic.megaphone.fm/BCRRB6826249076.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-best-ever-cre-show-740347/episodes/jf-4259-diligence-is-an-investment-negative-cash-flow-doesn-t-equal-a-bad-deal-and-flexible-exit-and-hold-strategy-ft-conner-thomas Duration seconds: 2673 ## Resource Ash Patel & Amanda Cruise have a conversation with Conner Thomas of Greenwich Street Capital, specializing in small bay multi-tenant industrial and flex storage, and is recognized for his disciplined, data-driven investment approach. This episode kicks off with a compelling promise showcasing how small bay industrial offers a high-margin, less competitive niche. It then builds intrigue by unpacking tactical strategies and industry insights, appealing directly to investors craving actionable frameworks. The description combines emotional curiosity with practicality, prompting listeners to hit play and learn from Conner’s real-world expertise. Conner Thomas Managing Principal at Greenwich Street Capital Based in: San Francisco, California Where to find them: https://www.linkedin.com/in/conner-thomas-gsc/ www.greenwichstreetcap.com Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit https://malabarhillcapital.com/ for more info. Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-best-ever-cre-show-740347/episodes/jf-4259-diligence-is-an-investment-negative-cash-flow-doesn-t-equal-a-bad-deal-and-flexible-exit-and-hold-strategy-ft-conner-thomas/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-best-ever-cre-show-740347/jf-4259-diligence-is-an-investment-negative-cash-flow-doesn-t-equal-a-bad-deal-and-flexible-exit-and-hold-strategy-ft-conner-thomas.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.