Jon Pharris on Nurturing Resilience, Caprock's Journey, and Investing in Community

Jon Pharris discusses the importance of resilience in business and the significance of making every investment decision count, especially in turbulent markets. Jon details his journey from founding Caprock Partners at 29 to its current success, managing $3 billion in assets. He emphasizes the impact of his early days in Southern California, his passion for industrial real estate, and lessons learned from his entrepreneurial journey. The conversation covers Caprock's first deal, their strategic investments, and the importance of community impact through the Caprock Giving Foundation. Jon also touches on his background in water polo, love for the beach, morning routines, influential books, and the key to maintaining a balance between business and community. Dive into the mind of a leader who values both business acumen and philanthropy.

Timestamps:

00:00 The Pressure of Making the Right Investment Decisions

01:26 A Warm Welcome and Personal Background

02:17 From Southern California to Texas: A Journey

04:02 The Competitive Spirit and Water Polo

06:12 Choosing Business Over Sports

09:31 Early Career and Real Estate Aspirations

12:04 Founding Caprock Partners

17:13 Navigating the Great Financial Crisis

22:04 Expanding Caprock's Footprint

26:14 The Texas Advantage

30:31 Current State of Debt and Equity Markets

31:41 Impact of Debt Funds on Commercial Real Estate

33:08 Challenges in the Office Sector and Bank Involvement

34:07 Future of Construction and Industrial Markets

35:02 Strategic Planning for Caprock's Future

36:22 Market Predictions and Investment Strategies

39:29 Navigating the Current Economic Climate

44:40 Caprock's Investment Approach and Opportunities

48:12 Jon's Entrepreneurial Journey and Lessons Learned

53:07 Personal Insights and Reflections

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