Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Bill D’Alessandro (@BillDA), Mills Snell (@thegeneralmills), together with Chris Powers (@fortworthchris), we discuss an Airport Commerce Park in Houston Texas. Chris starts off by sharing a little bit of his background and explaining what a Class B Industrial is. The major effect of location for this kind of business will also be discussed, as well as the essential dynamics for making more money. Moreover, we will look into why real estate people sell if it’s good. Does a successful real estate capital manager end up in buy and hold?Listen to the podcast and find out!-----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Show Notes:(00:00) - Introduction(01:11) - Our Sponsor is Cloud Bookkeeping(02:39) - Guest Intro: Chris Powers joins us today! (04:00) - What are Class B Industrial Assets?(04:58) - Deal & financials: Airport Commerce Park in Houston TX(07:19) - What is a 7.2% cap. rate? How do you think about it when looking at a deal?(08:36) - How do you assess value initially when looking at a deal?(10:33) - How does location affect this particular asset class?(12:35) - What is a good diverse tenant base? How do you understand if it’s good or not?(17:50) - What is the due diligence process for leases?(20:08) - What is the Seller Type in a Property like this?(21:07) - What is so interesting about this asset class?(21:54) - Who are the competitors?(23:41) - Once you buy, how do you operate to find Alpha?(28:22) - What are the essential dynamics for more money?(39:04) - What is the most important part of renegotiating rents?(50:35) - Are there different types of land that are not real estate?(52:55) - What is the current state of RE developments in America?(55:36) - How many deals do you have to look at to find one valuable deal? How do you source them?(58:23) - Hold Period/Exit Plans: Why sell if it's so good?(01:00:15) - When to know if it’s ready to be sold?(01:01:22) - How does selling relate to refinancing?(01:02:37) - Does a successful RE capital manager end up in buy and hold?-----Additional episodes you might enjoy:#131 People are getting rich with Med Spas. Will we?-----Subscribe to weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at contact@acquanon.com

Chris is a serial entrepreneur with more than 14 years of real estate development and investment experience. He’s raised more than $110 million in equity financing. To date, Fort Capital has invested and developed over $504M in multifamily, student housing, commercial/industrial, and residential & land development projects throughout Fort Worth and the state of Texas. But in this conversation, we didn't speak about too much of that. We spoke about optimism, envy, giving, parenting, mentorship, and much more. (0:00) Intro (2:31) Changing Careers (9:15) Early Entrepreneurial Ventures (17:25) Figuring Out Human Patterns (22:03) Putting Himself Online (26:42) Optimism (31:00) Envy (33:03) Giving (39:10) Parenting (41:21) Finding A Spouse (48:20) Mentorship (54:51) Making Money (57:32) The Lows of Entrepreneurship (1:02:47) Challenge Chris' Links Twitter: https://twitter.com/fortworthchris Podcast: https://www.thefortpod.com My Links ✉️ Newsletter: https://dannymiranda.substack.com 🎙 Podcast: https://anchor.fm/dannymiranda 🎥 YouTube: https://youtube.com/dannymiranda 🐣 Twitter: https://twitter.com/heydannymiranda 📸 Instagram: https://instagram.com/heydannymiranda 🕺 TikTok: https://tiktok.com/@heydannymiranda

Chris Powers and Jason Baxter reflect on Fort Capital's 2023 achievements, fundraising goals, custom AI development, deal pipelines, profitability, team growth, and the outlook for 2024. They discuss the successful implementation of document AI in improving the invoice process, the renewal rockstar initiative to boost tenant renewals, and the adoption of company-wide AI challenge. They also cover their acquisition pipeline in 2023, expansion of the team and opening new offices, and the challenges in finding affordable land and meeting construction costs.

Chris Powers, an entrepreneur and holding company builder, shares his insights on managing multiple businesses. He discusses the complexities and benefits of creating a holding company, emphasizing tax-efficient strategies and the challenges of customer acquisition. Chris also reflects on the evolution of a design agency into a successful enterprise valued at over $800 million, highlighting the importance of strategic leadership and team development for sustainable growth.

Chris Powers, Founder of Fort Capital, talks about his father's influence, ego struggles, rebuilding his marriage, and stepping down as CEO. He shares insights on vulnerability, authenticity, and looking forward to life at 37.

Chris Powers, Founder of Fort Capital, shares insights on managing $1.2B in industrial real estate, focusing on efficient operations and scaling benefits. Topics include transitioning from residential to commercial properties, strategic asset acquisition, goal-setting, task delegation, employee success metrics, and patience in the commercial space.

Chris Powers, a serial entrepreneur and Chairman of Fort Capital, discusses his journey from purchasing his first rental at 17 to becoming successful. He shares the sacrifices he made, the impact of mentorship and faith, and what he learned from investor Sam Zell. The podcast also explores the power of mentorship and personal growth, early real estate ventures, and the transformative power of seeking guidance from experienced individuals.

Chris Powers, founder and chairman of Fort Capital, shares leadership tactics, scaling organizations, studying successful companies, the power of delegation, mentorship, and setting goals.

Chris Powers, a serial entrepreneur with over 16 years of real estate experience, talks about industrial real estate in the Dallas Fort Worth area, raising funds, selling to larger institutions, wealth and personal goals, managing risk in the industry, factors driving demand, streamlining investments with Juniper Square, real estate deal structures, the impact of Twitter, and finding balance between ambition and contentment.

Chris Powers, Founder of Fort Capital, shares his journey in real estate, focusing on industrial properties. Discusses strategic shifts, syndication, and challenges in scaling the business. Explores the evolution and success of Fort Capital, raising capital, and future growth plans.