The Nick Huber Show Ep 113: Interview with Chris Powers of Fort Capital
Aug 28, 2023
Chris Powers, a serial entrepreneur with over 16 years of real estate experience, talks about industrial real estate in the Dallas Fort Worth area, raising funds, selling to larger institutions, wealth and personal goals, managing risk in the industry, factors driving demand, streamlining investments with Juniper Square, real estate deal structures, the impact of Twitter, and finding balance between ambition and contentment.
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From Zero-Down Houses To A Firm
- Chris Powers started buying houses with zero money down as a college freshman and scaled into property development and student housing.
- Over 16 years he built Fort Capital into a 25-person private equity firm focused on Class B industrial assets in Texas.
Call Local Bankers To Get Started
- Call three community bankers and tell your story instead of assuming you can't get a loan.
- Most people can borrow something; banks give pathways if you ask and show credibility.
Current Lending And Development Reality
- Today's lenders are more conservative than 2005–2007; borrowers now often put 30–40% equity down.
- Development approval timelines and costs have lengthened, making supply constrained and supporting demand for existing assets.