On this episode, Chris breaks down Fort Capital's strategy of aggregating smaller assets in order to make them more attractive to institutional capital. He defines what would constitute a smaller asset, why institutional capital would be interested in these aggregations, additional margins to be made for the owner, and more. Enjoy!
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Learn more about Chris Powers & Fort Capital: https://www.FortCapitalLP.com
Follow Fort Capital on LinkedIn: https://www.linkedin.com/company/fort-capital/
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(00:47) - Fort Capital’s Journey into Aggregation
RE #98: How to Assemble & Entitle Urban Land: https://open.spotify.com/episode/6umZbXCisAC7AcFklzuqhY?si=93h52zcoQ9Ougxm9d-xFhw
(2:10) - Asset Type and Market in Aggregation
(3:11) - What is a ‘smaller asset’?
(4:56) - Larger Institutional Interest in a One-Off Deal vs. Aggregation
(6:21) - Additional Margin to be Made for the Owner
(6:42) - Lowering the Cost of Capital
(8:29) - Different Institutional LP-based Scenario - Raising from Non-Profits
(10:44) - Institutions Require Operational Efficiencies
(12:17) - Wrap Up
The FORT with Chris Powers is produced by Straight Up Podcasts