The Fort #369 - Craig Hall - Founder & Chairman @ Hall Group
Oct 22, 2024
Craig Hall, a seasoned entrepreneur and bestselling author, shares his remarkable journey of founding HALL Group at just 18. He discusses surviving the financial crisis of the 80s and the strategic growth of Frisco, TX, transforming it into a thriving city. Craig also delves into building a successful wine business and emphasizes the importance of resilience in the real estate market. With insights on adapting to post-pandemic changes and the need for community engagement, he highlights the blend of innovation and tradition in entrepreneurship.
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From Rooming House to Real Estate Empire
- Craig Hall started with a rooming house and grew to 72,000 apartments over 18+ years.
- He had partners from the second building onward, but the 1980s real estate crisis changed his business approach.
Multifamily Pivot
- Craig Hall once owned 72,000 apartments, but eventually pivoted away from the multifamily business.
- He recently returned to the apartment business with a new project.
1980s Real Estate Crisis
- The 1980s real estate crisis was driven by abundant capital due to tax laws, not supply and demand.
- Few people predicted the collapse, making it a difficult time for many in the real estate industry.