231. Bert Matthews on Constructing a Real Estate Empire

Key Takeaways:

Commercial real estate development has played a major role in transforming Nashville over the past few decades, especially increasing residential units downtown.

Economic downturns are challenging but can make developers more resilient if they navigate difficulties successfully.

Smaller, neighborhood-focused projects face hurdles in securing financing from conservative lenders but may be viable with the right partners and equity.

Studying how other cities developed, like comparing Nashville to Atlanta, can provide insights into a city's long-term growth potential.

Developers have a responsibility to consider how projects will impact the surrounding community and environment over generations.

Starting in commercial real estate requires finding ways to cover living expenses while gaining experience and determining the right niche or specialization.