Buildings 2.0
In this episode of Buildings 2.0, Jose speaks with Frank Forte, Managing Partner & Chief Investment Officer at Lucern Capital Partners. Frank Forte shares his journey from investment banking to real estate ownership, discussing the importance of calculated risk-taking and how it has shaped his investment strategies.
Frank emphasizes the value of networking, explaining how building strong relationships can lead to lucrative opportunities in new markets. Additionally, he highlights the advantages of maintaining a lean team, which allows for quick decision-making and adaptability in a competitive landscape.
Topics discussed:
- The importance of calculated risk-taking in real estate investments and how it can lead to significant rewards when managed effectively.
- The advantages of maintaining a lean team structure, allowing for quick decision-making and adaptability in a competitive real estate landscape.
- Insights on navigating market uncertainties, including rising interest rates and economic fluctuations, while preserving capital and ensuring profitability.
- Strategies for conducting thorough due diligence on potential acquisitions, including lease analysis and property inspections to mitigate risks.
- The evolution of the real estate market post-COVID and its impact on tenant behavior and property management practices.
Intro Quote:
“We still may go through a recession, economic recession, but we're in a real estate recession right now. We have been for the last two years, and I think we're getting closer to coming out of it. So we're super psyched about the future.” 14:18-14:43
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