The Fort - An Entrepreneurship Podcast

RE #204: Steve Radom - Founder of Radom Capital - Best in Class Urban Infill Developer

Mar 29, 2022

Steve Radom, founder of Radom Capital, shares insights on selecting locations, raising capital, hiring architects, and building projects like Montrose Collective. The podcast delves into his background, career progression, negotiation strategies with the city, navigating uncertainties during the pandemic, and transforming industrial sites into vibrant mixed-use spaces.

01:02:28

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Steve Radom

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Quick takeaways

Focus on creating best-in-class urban projects through enduring designs and 100% tenant occupancy.

Emphasize innovative problem-solving and negotiation strategies for successful urban development projects.

Adapt and engage proactively with tenants through personalized approaches during challenging economic landscapes.

Deep dives

Building an Urban Infill Development Company

The podcast episode delves into the journey of a real estate entrepreneur who built a successful urban infill development company. Starting with a family background in real estate, the entrepreneur detailed their path from working with family businesses to starting their own company, emphasizing the importance of hands-on experience and continuous learning. The focus shifted towards developing best-in-class urban projects, where the company invests in high-barrier, centrally located neighborhoods and emphasizes adaptive reuse of existing buildings for sustainability and community integration.

Value of Adapting Old Buildings and Urban Infill Locations

01:18

The Essence of the Best Architects

01:26

Introduction

2min

Early Real Estate Roots and Professional Progression

3min

The Evolution of a Real Estate Developer

23min

Negotiating Urban Development Deals with the City

9min

Navigating Uncertainty in Real Estate During the Pandemic

7min

Exploring the Evolving Landscape of the Houston Market

5min

Transforming Industrial Sites into Vibrant Mixed-Use Spaces

12min

Success Rates, Expansion Plans, and Mutual Admiration in Real Estate

2min

Steve Radom, Founder of Radom Capital, began his company in 2014 with the vision of creating a best-in-class urban infill redevelopment platform that passionately executes enduring designs and yields differentiated projects. Radom has developed 15 projects ranging from small, retail redevelopments to larger mixed-use projects. Each stabilized project has achieved and maintained 100% occupancy to best-in-class tenants.

On this episode, Chris and Steve chat about the story of how Radom Capital came to be, how Steve selects a location and what matters. They also share stories of how Montrose Collective & MKT came to be and how ultimately, it's all in the details.

Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com

Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/

Follow Chris on Twitter: www.Twitter.com/FortWorthChris

Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/

Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ

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(01:50) - Steve’s Background and Career

Outliers by Malcolm Gladwell

Radom Capital

(10:19) - What would you say is your edge?

(14:00) - When do you go from really good to absolutely great?

(16:49) - How do you think about raising capital?