On this solo episode, Chris provides an update on industrial fundamentals and how they're holding up to date. He also deep dives into interesting things he is thinking about by way of capital markets and provides insight into what the office data is saying. Enjoy!
Follow Chris on Twitter:
www.Twitter.com/FortWorthChris
Learn more about Chris Powers and Fort Capital:
www.FortCapitalLP.com
Follow Chris on LinkedIn:
www.linkedin.com/in/chrispowersjr/
Follow Fort Capital on LinkedIn:
www.linkedin.com/company/fort-capital/
Links:
Sean Dalfin on The Fort
Chris Powers on Why Texas
Topics:
(02:30) - Thoughts on Industrial for 2022
(04:28) - The Fundamentals of Industrial - Location Premium
(6:45) - Class B: A Diminishing Portion Of The Industrial Stock
(8:59) - Accelerated Rent Growth & Increasing Tenant Demand
(11:10) - Capex Requirements and Operating Expenses Are Changing
(12:10) - Is having multiple tenants better than having one tenant?
(12:34) - Does there continue to be portfolio premiums?
(13:27) - Just In Case Inventory
(14:38) - Industrial Price Increases Across Texas & Non-Texas Markets
(16:34) - Transaction Volume Increases, E-commerce & CapEx
(18:54) - Thoughts on Office
(21:34) - The Great Game of Chicken With WFH
(24:38) - Thoughts on Commercial Real Estate
(25:33) - Dry Powder, Open and Closed Funds, Mega-Funds, and Allocations From Pensions and Institutions
(28:18) - Family Offices & Non-Listed REIT Fundraising
(30:10) - Debt & Lending
(31:30) - (non) Distress in the Private Markets and Cap Rate Compression
(32:20) - Debt Pricing & Proptech
(33:50) - Migration
(37:32) - Market Liquidity, Inflation, Net Profits interests and Industry Leverage
(40:57) - Final Thoughts
The Fort is produced by Johnny Peterson & Straight Up Podcasts