The Fort

#327 - Micah Lacher - Founder @ Anchor Investments - On A Mission To Be The Most Generous Real Estate Company in the World

Dec 26, 2023

Micah Lacher, Founder of Anchor Investments, shares his mission to build America's most generous real estate company. The topics discussed include growing up in urban Memphis, the importance of good schools, the state of retail real estate, developing a trait of generosity, buying churches and converting them to hotels, and how to give away money. They also discuss supporting inner city communities, choosing between giving locally or internationally, and finding purpose and impact in the second half of life.

01:27:13

Episode guests

Micah Lacher

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Episode notes

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Quick takeaways

Building a generous real estate company can be a platform for making a positive impact.

Converting old churches into boutique hotels can create a unique experience for guests while giving back to the community.

Hotels that give away 100% of their profits can support causes related to homelessness, inner-city issues, teen moms, workforce training, and entrepreneurs of color.

Balancing generosity with personal and family life requires sacrifices, intentionality, and involving family in philanthropic endeavors.

Deep dives

Starting with a Small Salary

When the speaker started his business, he paid himself a small salary of $30,000 a year, keeping his overhead low.

Introduction

3min

Growing Up in North Memphis

19min

Billionaire's Strategy for Making Money

7min

Prioritizing Generosity in Real Estate

18min

The Creative Process and Collaborating with Designers

20min

Setting up a charity account through a community foundation

2min

The Fear of Running Out of Money

4min

Supporting Inner City Communities

4min

Choosing between giving locally or internationally

2min

10.

Finding Purpose and Impact in the Second Half of Life

8min

Micah is the President and Founder of Anchor Investments, which is on a mission to Build America’s Most Generous Real Estate Company. Micah focuses on identifying real estate investment opportunities for Anchor, raising capital, and leading the team.

He is also the founder of Mission Hotels, the only hotel brand in America that gives away the majority of its profits to support underserved communities.

On this episode, Chris and Micah discuss: