POWERS

#283 - Levi Benkert - Founder & CEO of Harbor Capital - Building a Class B Industrial Empire in Texas

May 18, 2023
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ANECDOTE

Early Land Flip That Launched A Career

  • At 23 Levi bought the most expensive house in his city, split off five acres, sold the land, and made about $900,000.
  • That land-rezoning deal launched his shift from flipping houses to land development and larger projects.
ANECDOTE

Turning Down A Big Exit Before The GFC

  • In 2008 Levi turned down a $151,000-per-door offer on 400 lots and the market collapsed days later.
  • Banks froze funding, projects stopped, and he faced rapid unraveling of his homebuilding business.
ANECDOTE

Personal Costs During The Crash

  • The crash forced layoffs and personal tragedies; one key employee died after being laid off and Levi's brother later died by suicide.
  • Investors rallied to help and some lost millions but chose to support him through the crisis.
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