The Fort

#359 - Michael Levy - CEO @ Crow Holdings - 2008 GFC Stories, Restructuring, View on 2024 RE Market, Life at Crow, A Man of Commerce

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Jul 9, 2024
Michael Levy, CEO of Crow Holdings, shares insights on his career at Morgan Stanley during market crashes, experiences at Crow Holdings, and analysis of the real estate market. Topics include advice on restructuring, navigating financial crises, contrast between New York and Texas cultures, and future trends in real estate investments.
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ANECDOTE

Wall Street Beginnings

  • Michael Levy stumbled into Wall Street while working as a legal assistant during law school.
  • He transitioned from Prudential Securities to Salomon Brothers, then Morgan Stanley, seeking better brand recognition.
ANECDOTE

Dot-Com Pivot

  • During the dot-com boom, Michael Levy's real estate group at Morgan Stanley briefly focused on real estate dot-com projects.
  • When the NASDAQ crashed, they returned to traditional real estate.
ANECDOTE

Early Restructuring Experience

  • In 2007, Michael Levy gained experience in bankruptcies and restructurings while advising pension funds with large residential exposures.
  • This experience proved invaluable during the 2008 financial crisis.
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