POWERS

Chris Powers
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Dec 10, 2020 • 1h 13min

RE #93: Chris Powers - How to Get Your First Job In Real Estate

Fort Capital CEO Chris Powers discusses the ins and outs of finding a job in the real estate industry for those graduating college. He discusses the top 3 things people should know when looking for a job, the importance of networking, what to look for in companies when you start to narrow your search, preparing for the interview, big vs. small company experiences, and much more. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (01:56) - Disclaimer to College Students (02:29) - The 3 Things College Graduates Should Know When Looking for a Job (03:59) - #1 Picking the Right Asset Class to Work In (05:24) - #2 Pick a Market You Want to Be In (06:45) - #3 Picking a Line of Work (14:58) - Proptech (18:01) - Networking and Honing in on Places to Work (21:00) - Reaching Out to Folks You May Want to Work With/For (25:32) - Things to Think About When Analyzing Potential Companies You May Work For (28:41) - Find Out How a Company is Using Technology (31:28) - What are some red flags in employers? (33:51) - Getting a Masters Degree vs. Work Experience (36:11) - Things to Be Prepared for in an Interview Situation (37:07) - Things that Catch our Eye for New Hires Coming Out of College (42:26) - Big Company vs. small company: Which do you join? (51:49) - What is an entry-level position that gives you the most optionality as you move through your career? (1:02:36) - Other Things to Think About (1:02:51) - Internships for Current Students, Argus Course, Utilizing Free Online Resources, Getting a Real Estate License (1:04:14) - Sitting in on City Hall Developer Meetings and Zoning Commissions (1:04:43) - Find Physical Places that are Interesting to You (1:08:00) - Wrap Up Did this help you find a job, or maybe you have a question that wasn’t answered? Email Chris at thefortpodcast@gmail.com The FORT with Chris Powers is produced by Straight Up Podcasts
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Dec 7, 2020 • 1h 8min

#92 Cody Campbell: Co-CEO of Double Eagle Energy Holdings III

Cody Campbell is Co-Chief Executive Officer of Double Eagle Energy Holdings III LLC, a partnership formed with Apollo Global Management and co-founder of Double Eagle Development. Campbell began his business career as a student at Texas Tech University, where he and John Sellers founded a successful commercial real estate development firm. He graduated with honors with a Bachelor’s in finance and economics and a master’s in finance. After graduation, he played offensive guard for the Indianapolis Colts. On this episode, Chris and Cody discuss the early days of building Double Eagle, the state of oil & gas and its opportunities and challenges ahead, what things might look like under a Biden administration, how they were able to partner with Apollo, and much more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (02:15) - Cody’s Background and Business Career to Date (11:12) - What’s an option of a lease? (13:45) - How long would you anticipate you’d have to sit on a lease before it sells? (15:57) - When did you formalize that Double Eagle would be your full-time job? (18:39) - When did you partner with Apollo? How did that relationship start? (23:31) - What was it like working with Aubrey McClendon? (25:45) - Was Double Eagle #2 similar to Double Eagle #1? (28:00) - How long did Double Eagle #2 take from start to finish? (28:50) - When were you able to get away from the scrutiny of being able to purchase deals? (29:43) - Why did you choose the Midland over the Delaware? Are there major differences between them? (31:09) - How many transactions does it take to put together 70,000 acres in the Midland? (31:55) - When you’re buying thousands of leases, how often are you committing to a lease that you know still needs some work? (33:47) - What’s the minimum amount of acreage needed to be able to drill? (35:01) - You’ve sold Double Eagle #2, so what does Double Eagle #3 look like? (37:32) - With today’s technology, how many drilling sites could you have? How much oil can you get from these 96,000 acres? (39:06) - Do you hedge your oil? Are you able to decide that or does Apollo choose? (39:42) - Do you put the hedge in before you drill a well or during? (40:29) - How big is your team now? (40:48) - How do you see where we are today vs. previous downturns? What's different this time? (41:47) - What gives people a reason to think that the industry wouldn’t exist in the future? (43:35) - What does ESG mean? (50:40) - Is there any light at the end of the tunnel to get us past this? (52:50) - Is it a good thing for oil prices to go back up? (55:25) - Do you have any comments on our relationship with other oil-producing countries? (56:03) - What happens if we don’t keep drilling? (57:36) - Have we found all the energy in the world? (58:06) - Is there any technology on the horizon to get more out of the ground? (58:51) - What are your thoughts on the new presidential administration's impact on the industry? (1:00:21) - How long is a drilling permit good for? (1:01:22) - Why is the Permian Basin the most prolific in the country? (1:02:02) - How are things valued deal to deal? (1:02:46) - What was it like to host POTUS at one of your wells? The FORT with Chris Powers is produced by Straight Up Podcasts
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Dec 3, 2020 • 52min

RE #91: Spencer Levy - Chairman of Americas Research & Senior Economic Advisor for CBRE

Spencer Levy is Chairman of Americas Research and Senior Economic Advisor for CBRE. He plays an integral role in the development and implementation of the global research strategy and business plan. On this episode, Spencer and Chris discuss what COVID has done across multiple asset classes and markets and why he's bullish on cities like New York, San Francisco, and Los Angeles. They also talk office and retail, Spencer's 2021 predictions, interest rate environments, technologies that are coming in the near future that will massively impact real estate, and more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (02:28) - Spencer’s Background and Business Career (03:44) - How does research funnel up at CBRE? (05:33) - Were you seeing COVID and its implications before the rest of the USA? Did something, in particular, stand out to you? (07:21) - As it stands today, what pops out at you in your research that we should be thinking about in the US in terms of opportunities and challenges? (09:22) - COVID Vaccines and Their Effect on Short Term Thinking (10:23) - Is there an indicator that people are heading back to the office? (13:32) - What stands out to you in retail? (16:01) - Is there any hope for the regional mall? (17:52) - Are you expecting to see a distressed market or will we skip it entirely? (20:22) - What does your research tell you about the supposed exodus of major cities like LA, NYC, and SF? (22:14) - Does any of this exodus have to do with the extremism of governmental response to COVID? (24:52) - What are some overlooked markets across the US that will be robust cities in the near future? (27:39) - Is there a technology we will see over the next decade that will be transformational? (29:27) - What are the impacts of self-driving cars when it comes to real estate values? (31:04) - How do they affect parking garages in downtown areas? (32:45) - What are some of the major impacts the new white house administration will have on CRE? (34:48) - Are we going to be in a low rate environment for quite a while? (36:42) - What are some data points to look at when scoping the viability of a new market? (40:00) - Do you have any comments on data centers and their demand? (42:48) - What does responsive real estate mean? (44:30) - What are your predictions for 2021? (45:33) - Do you have a morning routine? (46:38) - What is the best advice you’ve ever received? (47:48) - Is there a book that has had a significant impact on you? (49:08) - Places to Learn More About CBRE CBRE Website The Weekly Take Podcast Interested in investing with Fort Capital? Contact us here. The FORT with Chris Powers is produced by Straight Up Podcasts
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Nov 30, 2020 • 1h 12min

RE #90: Evan Kasper - Founder of ELK Development - Co-Living Pioneer

Evan Kasper, Founder/CEO of ELK Development, is an established leader in the furnished rental sector. Before starting ELK Development, Evan was the co-founder of the Medici Group, the largest co-living company globally with thousands of units under management. In 2016, he launched Medici Group’s US division and grew it to a $100MM operating business. On this episode, Chris and Evan dive into the world of co-living real estate. Evan describes the three pillars of co-living: affordability, flexibility, and convenience. Evan also touches on how co-living has been affected by the pandemic, and then Evan breaks down the pros and cons of the three structural practices in this space: master leasing, management partnerships & owner-operators. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChrisLearn more about Chris Powers and Fort Capital: www.FortCapitalLP.com(01:18) - Evan’s Background(03:47) - Evan’s First Experience in Co-Living SpacesQuarters.com(06:33) - How did you cut a billion dollars of the GSA from the government? Was it easy?(08:19) - How long were you at Medici and when did you leave to start ELK?(09:48) - At Medici, would you master lease a developed building, or would you go into apartments and convert them into co-living spaces?(10:41) - How many buildings were empty and simply ready to be occupied?(12:00) - In general, how do you define co-living? How does that relate to what you’re doing at ELK?(15:04) - Three Pillars of Co-Living: Affordability, Flexibility, Convenience(17:03) - How big is a micro-unit or co-living unit?(18:14) - What are the advantages of owning this kind of real estate as an operator? How would each party make money if they’re separate (owners and operators)?(20:38) - As the operator/owner, are you signing a master lease to yourself to provide this flexibility or is it done lease by lease? (20:57) - Are you designing these units to be able to furnish them with the demand in each lease?(21:56) - The Difference Between Micro-Units and Co-Living Spaces(22:56) - What's the percentage of people requesting furnished vs not furnished? Has that changed at all through COVID?(24:08) - Are you renting the furniture provided in units or purchasing it?(24:18) - What amenities do you see in co-living that you don’t see in a traditional multifamily community?(27:08) - Is the sharing economy still an amenity in 2020?(29:01) - How are these assets financed? How did the lenders look at it?(32:07) - Why would you be getting less in rent if you’re converting these into bigger units?(54:50) - How do you think about the potential for discrimination lawsuits or fair housing issues as it relates to curating a unit mix?(56:42) - Is there any personality profiling to help see who would be good fits together? (Similar to dorm room housing in college)(57:42) - What are your thoughts on the DC co-living project that doesn’t have locks on bedroom doors to create more trust?(58:37) - What questions should an owner or developer be asking when deciding between a master lease or management agreement? How do you detect their financial strength?(1:00:35) - Are there best practices for converting existing units into co-living?(1:02:15) - Are there any zoning challenges that come up within these conversions?(1:03:32) - Why did you choose the LA market?The Weekly Take Podcast with Spencer levy(1:07:39) - What’s the best advice you’ve ever received?(1:08:24) - Is there a book you would recommend?Principals: Ray Dalio(1:08:54) - If you owned a billboard, what would you put on it?(1:09:56) - How to Contact EvanEvan on LinkedInWebsiteEmail: Info@ElkDevelopment.comThe FORT with Chris Powers is produced by Straight Up Podcasts
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Nov 26, 2020 • 1h 6min

#89: Trent and Tyler Leon - Co-Founders of Tilden Capital - 'Mineral Business 101'

On today's episode of The FORT, Chris is joined by Trent and Tyler Leon, Co-Founders of Tilden Capital, which was formed to acquire mineral & royalty assets across the United States. Since its inception, they have acquired 160,000 net royalty acres. Tyler and Trent are also former professional golfers and have been as close as brothers with Chris for nearly a decade. Today they'll discuss their journey into the mineral business, evaluating the worth of minerals, vertical and horizontal drilling, leasing vs. buying minerals, the oil and gas industry in light of the election and COVID, and much more! Enjoy.    Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitallp.com (02:45) - Tyler and Trent’s Story (06:13) - Were oil and gas always part of your life? (07:06) - Was there a moment that The Eagleford came up on your radar as something that would be important? (09:19) - Did you start in the Permian Basin? (10:14) - What triggered you to be in the Delaware Basin? (12:32) - Why was no one else seeing what you were seeing? (13:41) - How do you evaluate what a mineral is worth? (14:32) - How do you find out if and when something will be drilled? (15:56) - Why doesn't it matter to the mineral owner how much it costs to drill? (16:49) - Why can you drill so much more in some areas than others? (17:48) - Do you shoot for things that produce more oil or more gas? (19:56) - What’s the differences between the Permian and Delaware basin? Why do people prefer one over the other? (21:00) - What are the main reasons people will sell their minerals? (24:20) - Do you think Vertical Drilling will make a comeback? (25:20) - Leasing vs. Buying Minerals (27:00) - Three Ways to Make Money in Minerals (28:17) - What happens legally when a person passes away without a plan to transfer ownership of minerals? (29:09) - What’s the difference in buying between Texas and New Mexico? (31:00) - What does the change in The White House mean for the industry? (33:51) - Is there a rush of operators getting a permit to beat the inauguration? (34:13) - How did your partnership with EnCap impact your career? (35:48) - What have you learned since working with one of the best oil and gas PE firms in the world? (37:16) - How has your strategy evolved since 2015? (38:06) - What amount of oil are you getting when you drill? (39:18) - If you’re going to sell, is it better before the first well is drilled or after a year when 80% of the oil is taken out? (41:16) - If you get someone to sell, how do you get the deal to closing? (43:54) - How do you confirm you get every drop of oil that you deserve? (46:58) - What do you think the industry for mineral owners will be going forward beyond ‘buy it, flip it’? (48:33) - Is it fair to say Royalty Trusts have not out-performed in the public markets? (49:43) - What gets capital flowing back into the industry again? (52:09) - Is Wall Street out of touch with how this industry impacts the world? (52:40) - Does it bode well for oil prices that there's a hampering of drilling? (53:29) - What was the peak rig count vs. today? (54:26) - What’s one of the biggest misnomers about the industry? (57:11) - What does ESG mean and why is it a big thing to talk about? (59:01) - Is there a new revolution coming to get more oil out of the ground? (1:00:51) - How has golf impacted your career? (1:03:08) - What’s the best advice you’ve ever received? The FORT with Chris Powers is produced by Straight Up Podcasts
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Nov 23, 2020 • 60min

RE #88: Chris Jackson - President of Stream Realty

Chris Jackson serves as President for Stream Realty. He oversees the company’s business units and is responsible for the growth and expansion of Stream’s businesses nationally. With twelve regional operating platforms nationwide, over 200,000,000 square feet of commercial buildings under leasing and/or management, and $2.9 billion in transaction volume annually, Stream is one of the fastest-growing commercial real estate firms in the country. On this episode, Chris and Chris discuss the Industrial Real Estate Market, the growth of Stream since Chris J. joined, Stream's process of expanding into new markets, market intelligence, and the explosive growth of data centers. Enjoy. Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com   (01:24) - Chris’ Story and Career (02:31) - What was it about Trammell Crow that created inspiration for the next generation of businesses? (03:39) - What's the difference between the industrial market in the 90’s vs. today?  (05:22) - Are you seeing these big bombers being built in the center city or a smaller product being developed? (6:23) - Is it safe to say the industrial market is better in a post-COVID world vs. in Jan and Feb? (07:37) - Where did you go after leaving Trammell Crow? (09:15) - Why do you think Robert Lynn always comes up in conversation as a fantastic Junior Program? (10:08) - What was your first day like at Stream? (11:36) - What has Stream grown to offer since you joined? (12:13) - What markets are you in today and what’s your job like now as President? (13:39) - Where is the hub located? (14:02) - How often do you open in a new market? (14:53) - How do you know it's time to get into a new market? (16:04) - Does each city have its own ownership or do they report back to Dallas? (17:20) - Do you hire from within to expand to keep culture aligned? (19:36) - What does Market Intelligence mean? (21:56) - How would you tell a recent grad to learn a market? (24:19) - What type of technology are you using to get the tons of information you have access to out to people that need it? (26:09) - Were you early to the game in developing Data Centers? How did you get into it? (27:36) - How big of a business is it now? (27:55) - Is it fair to say the anticipated demand for data centers is endless right now? (28:36) -  What makes a great ownership group? What do they all have in common? (29:41) - What do you think about the nationwide real estate industry? How do you manage all of the data you have? (31:47) - The Industrial Business for Stream (33:08) - What will happen to office from your perspective? (35:50) - Are you seeing leasing activity pick up at all or are is it all still on pause for the moment? (37:33) - Comments on Retail (40:19) - Is there any market in the US that people aren't aware could potentially boom? (41:32) - When you’re developing industrial across the country, is it easiest to accomplish in Texas? (42:27) - Development Fees for Markets with Long Lead Times (43:51) - Are you seeing any multi-level projects go up? (44:27) - Cold-Storage Development (46:45) - How big is your marketing team? When did it become apparent how important marketing was for Stream? (48:54) - How do you think about the consolidation of the industry? (51:30) - What did your world look like when COVID hit? (55:57) - Do you have a morning routine? (56:50) - What is the best advice you’ve ever received? (57:50) - If you owned a billboard, what would you put on it? The FORT with Chris Powers is produced by Straight Up Podcasts
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Nov 19, 2020 • 53min

#87: Sam Parr - Hiring a CEO, Trends.co, and the Future of Media

Sam Parr, Co-Founder and CEO of The Hustle, joins Chris for round 2 on The FORT. (Listen to Part 1 here) On this episode, Sam explains the process of hiring a new CEO to replace himself, what his role at The Hustle and Trends.co will be going forward, his exodus from San Francisco, the Austin real estate market, the impact of the Trends community and the future of media through the lens of the public's distrust of mainstream news. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (01:52) - Why did you replace yourself as CEO? (03:31) - How long between having this realization and actually pulling the trigger? (03:57) - How many people did you interview along the way? (04:39) - Starting vs. Scaling (05:13) - What is the CEO you’re hiring going to do differently than you? (06:20) - What are your growth expectations from a new CEO? (07:20) - In those 14 interviews, how many times did you talk to the person you ultimately hired? (07:41) - Was there a silver bullet that told you this was the one? (08:18) - Who on your team was involved in the process? (08:52) - How is the business structured now? (10:06) - Who reports to who? (10:56) - What would this person say their expectation is of you? (12:19) - When will this hire go public? (12:38) - Can you give any insight as to how you’re paying this person? (13:33) - How do you describe what Trends is? (15:12) - What’s your position within this community? (16:42) - How can people get the most value out of Trends? (18:16) - Is there anything that comes to mind that you didn’t expect to grow out of Trends? (19:38) - Are people pitching deals there or are they just meeting online and then making deals outside of it? (19:51) - The Importance of Facebook Groups & Communities (21:37) - Are you permanently out of SF? (22:18) - Would you consider yourself a remote company? (22:42) - Do you enjoy the new way things are structured? (23:25) - What’s your opinion on the future of SF? (26:10) - Austin & Real Estate (28:59) - Sam’s Spontaneity (30:30) - Sam's Wife (34:00) - The Newsletter Industry (37:20) - How expensive is it to acquire a customer today? (37:39) - Is there anything that keeps you up at night as to what could make the business fail? (39:02) - What do you think about the decline of trust in news media as it pertains to your operation? (47:17) -   Are we about to enter a new wave of media? (48:59) - Is it even possible to build a news station that only puts out good, positive news? Sam’s Twitter The FORT with Chris Powers is produced by Straight Up Podcasts  
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Nov 16, 2020 • 59min

RE #86: Brandon Laughridge - Owner of North Terrace Property Management

Today Chris chats with Brandon Laughridge, President of North Terrace Property Management (NTPM) located in Kansas City. Brandon is accountable for doubling the business' units since acquiring the business in 2017. On this episode, he and Chris discuss Brandon's background working in SEO, starting a digital marketing firm, his process of acquiring NTPM, the explosive growth of Kansas City, and some property management horror stories. Enjoy!  Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (02:39) - Brandon’s Background (05:27) - Did you have any SEO experience walking into that first job? (06:00) - When you left in 2009, did you start your own company or move into another job? (08:03) - How did you come to the decision that it was right to walk away from the business at such a young age? (09:00) - What was Spread Effect? (10:25) - How long after you stepped away from the business did you decide to sell? (11:16) - What did you learn from that experience? (13:21) - Why did you decide to buy a property management company? (20:32) - How big was the business at the time you bought it? How did you value it when deciding what to pay? (22:32) - What was the first day like after you purchased the business and stepped in as the operator? (25:06) - What was it like surprising everyone as the true undercover boss? How were you able to smooth things over with folks who might've been resentful? (26:40) - Did the owner have an earn-out of any kind? (26:56) - Was the previous owner engaged for those last 9 months? How did that relationship pan out? (28:18) - What is the size of the business today? (28:25) - Why is managing a single-family home harder than managing multi-family units? (29:37) - Has it been organic growth or was there a strategy in place? (31:15) - Are most of your clients professional investors or would they be 'mom and pop' style? (32:02) - Do you take a long-term approach when buying? (34:30) - Is there any technology you’ve implemented that is making the business more profitable? (37:28) - Is there anything that COVID has presented that forced you to either temporarily or permanently shift? (40:38) - How do you think about the business for the next ten years? (42:34) - Do you have a property management horror story? (45:11) - Are you on the Kansas or Missouri side of KC? (45:54) - Why do people choose to live on one side or the other? (46:37) - Why is Kansas City experiencing the success that it has lately? (50:00) - Is there a main industry that is the draw to that city? (51:23) - Do you have a morning routine? (53:10) - What’s the best advice you’ve ever received? (55:38) - Do you have a book you’d recommend? Book: King of Cash - Christopher Winans (56:33) - What's the best way to contact you?  Brandon's Twitter   
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Nov 11, 2020 • 1h 10min

#85: John Owen - President & CEO of Airshare - Private Aviation

John joined Airshare as CFO in 2016 and became President and CEO in March 2018. He originally fine-tuned his consultative skills and financial acumen working in progressively higher roles at State Street, Accenture, and KPMG. On this episode, Chris and John discuss the industry of private aviation, misnomers about flying private, aviation throughout COVID, what the next ten years might look like, technology making aviation more affordable and safer, and John's career path. Enjoy!Follow Chris on Twitter: www.Twitter.com/FortWorthChrisLearn more about Chris Powers & Fort Capital: www.FortCapitalLP.com(02:07) - John's Story(05:58) - What was your life like in the consulting role?(06:28) - Why do you have a passion for the organizational and operational side of business?(07:07) - What was the series of events that landed you in the CEO role?(07:51) - How would you describe AirShare?(10:07) - What are the advantages of a JetCard?(11:03) - What are some advantages to fractional ownership?(12:08) - What are the ongoing costs once you’ve bought a fraction of a plane?(14:50) - How did you choose the Phenom 100 & 300?(16:19) - Do pilot licenses allow you to fly multiple types of planes?(16:50) - How many jets do you have?(17:09) - Do plane owners that allow you to manage their aircraft let you lease it out to shareowners?(17:36) - If I owned 100% of a Phenom 300, what does it cost to maintain it per year?(18:18) - What are the most common maintenance issues aircraft owners will run into?(19:14) - How are you set up around the country with where you can land and store planes?(20:04) - How many customers do you have? (20:57) - What do you tell someone not located in density that wants to be a customer?(21:19) - What’s the market like for a private pilot? What are their rates?(21:46) - Where are your pilots coming from?(22:34) - When is a good time for a business owner to consider private aviation?(26:33) - How long do you keep a plane in the fleet?(27:13) - Who’s the typical buyer on the way out?(28:05) - What’s your ownership structure at AirShare?(28:48) - How do you think about growth?(30:59) - Do you host customer events?(31:57) - Having Patrick Mahomes as a Client(32:49) - Can you charter something by the day for a larger group?(33:53) - What's the difference between AirShare and Warren Buffet’s NetJets?(36:04) - What were the first few months of COVID like for the private air industry?(38:02) - Is there a permanent shift of people flying private?(40:03) - Are there states that are harder to fly into than others right now?(40:33) - Is there anything you’re watching for economically that will give people hope in the coming months?(41:57) - Is a COVID vaccine the key to opening everything back up?(48:24) - What do you think the industry will look like in 10 years?(50:34) - What do your gas contracts look like?(51:00) - How much fuel do you buy per year?(51:24) - Are there any other risks you look out for besides a crash?(1:02:54) - Do you plan on being part of the consolidation of the industry?(1:05:18) - How does a Maintenance Contract work?(1:05:55) - Reading Habits(1:06:35) - If you could put anything up on a billboard, what would you say?Contact John at www.flyairshare.com
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Nov 4, 2020 • 1h 5min

RE #84: Jonathan Brinsden - CEO of Midway & Chairman of ULI Americas

As CEO of Midway, Jonathan Brinsden guides the overall business strategy and operations which have led to the company’s creation of a $2B portfolio of core mixed-use assets. On this episode, Jonathan and Chris talk about Jonathan's journey up to joining Midway, they discuss the Houston market as it navigates the COVID crisis, where retail and hospitality will go in the future, and Jonathan's experience with ULI and the Midway Foundation. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers & Fort Capital: www.FortCapitalLP.com (02:50) - Jonathan’s Background and Journey to Midway (06:54) - Can you describe how the Town & Country Village deal came about and what the last 15 years of working on that project have been like? (10:29) - What was the draw to this property back in 2004? (12:12) - When you bought it, did you have to force the tenants out or let their leases run dry? (14:00) - How do you arrive at a 'final plan’ with a deal that big?  (17:11) - Where do you stand today with Town & Country Village? (17:51) - How do you program the experiential factor of your properties? (20:55) - What makes an amenity have longevity? (22:34) - How is Houston holding up in a post-COVID world? (24:03) - Is Houston as dependent on oil and gas today as it was 20 years ago? (24:54) - Is it ultimately a good thing for developers that the city of Houston doesn’t have a lot of zoning Laws? (26:37) - What are you seeing in retail now and how has it progressed since March? (28:56) - The Hospitality Side of Retail (30:08) - Are tenants out in the market or is everything just dead? (31:18)  - Is there anything you’re seeing in lease proposals that you hadn’t seen before? (32:36) - Are Houston office tenants going back? Is there permanent damage to office usage with the realization of WFH? (38:09) - Is there anything in terms of new technology that will make things safer for the next few years? (39:55) - Will you be aggressively looking to acquire if the opportunity presents itself? (41:57) - What's the state of new development for retail and hospitality projects? (42:52) - Are your developments public/private or just private? (45:35) - In a public/private partnership, which side is the first to approach a project and present to the other side for consideration? (49:00) - Do you have any opinion on the rising property taxes in TX? (51:05) - What has ULI meant to you and why do you think it’s important? (53:41) - What’s the Midway Foundation? (57:48) - Do you have a morning routine? (59:43) - What's the best advice you’ve ever been given? (1:02:25) - If you could put any message on a billboard, what would it be? The FORT with Chris Powers is produced by Straight Up Podcasts

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