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The Fort - An Entrepreneurship Podcast

#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

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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.

1.

Introduction

3min

2.

Growing Up in North Memphis

19min

3.

Billionaire's Strategy for Making Money

7min

4.

Prioritizing Generosity in Real Estate

18min

5.

The Creative Process and Collaborating with Designers

20min

6.

Setting up a charity account through a community foundation

2min

7.

The Fear of Running Out of Money

4min

8.

Supporting Inner City Communities

4min

9.

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:

Growing up in urban Memphis
The need for great schools & father figures
The state of retail real estate
Building Anchor
How to give away money

Links:

Anchor Investments

Micah on LinkedIn

Lloyd Reeb on The Fort

Die with Zero by Bill Perkins

Halftime by Bob Buford

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Topics

(00:00:00) - Intro

(00:03:07) - Growing up on the wrong side of Memphis

(00:07:40) - The working poor

(00:09:58) - The importance of good schools

(00:17:05) - Micah’s early career

(00:19:28) - Experiences in the GFC

(00:23:27) - Micah’s job today

(00:28:36) - Thoughts on the retail market

(00:29:39) - Developing a trait of generosity

(00:33:30) - Building America’s Most Generous Real Estate Company

(00:41:15) - Buying churches and converting them to hotels

(00:47:51) - How to give away money

(00:54:06) - What does the inner-city need to change?

(00:57:03) - Charter Schools

(00:58:20) - How to get people involved in giving

(01:02:22) - Raising grounded children

(01:08:55) - Why people with money don’t give

(01:12:53) - How to know where to give

(01:17:22) - Thoughts on giving across the street vs. across the ocean

(01:18:50) - The Halftime Institute

(01:24:38) - Final thoughts

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