RE #185: Moses Kagan - Part 1 | On Value Add MF, A New Core Strategy, ReConvene, Los Angeles

Moses Kagan is the Co-Founder and Head of Adaptive Realty, a Los Angeles-based development, and property management group. Since 2018, Moses has overseen the repositioning of 80 properties in Los Angeles and grown Adaptive from $0 to $110M of property under management. Moses joins Chris for his third appearance on The FORT Podcast.

In this two-part episode, they discuss the decision to not deploy a fund he raised in early 2020 and his new core strategy. They also explore rent control vs non-rent control. How he talks to his family about wealth and potentially taking over his business, learnings from ReConvene, and where we go from here....

Follow Chris on Twitter: https://www.Twitter.com/FortWorthChris
Follow Chris on LinkedIn: https://www.linkedin.com/in/chrispowersjr/
Learn more about Chris Powers & Fort Capital: https://www.FortCapitalLP.com
Follow Fort Capital on LinkedIn: https://www.linkedin.com/company/fort-capital/

Listen & Subscribe on Spotify: https://open.spotify.com/show/7oIeNSaSJ4zkTQOXiedyOr?si=dEM48cSPQ9OIQ1HiD8sjrg

Listen & Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-fort-with-chris-powers/id1410549811

00:06 - Moses’ Journey Through ReTwit

02:21 - What do you think the next 2-3 years look like for you in this online journey?

04:53 - How do you explain this Twitter world you’ve built to people not in the know?

06:42 - What is your experience putting on ReConvene and what does it mean for the greater RE industry?

12:09 - Was there anything that stood out from the feedback you got from the event that you’ll be implementing going forward?

14:32 - Thoughts on ‘Quality’ When It Comes to Moses’ Expectations for Doing a Deal to Lead into His New Buy Strategy

22:08 - Bank’s Attitude Toward Owning an Asset For a Year vs. Having a Loan on the Asset

26:49 - Spreadsheets vs. Reality: Experienced Investors are Losing Out to Inexperienced Investors

28:28 - How are you processing all of the craziness in the CA real estate market?

31:31 - Moses’ Fund and The Investor Reactions to Not Spending Any of It Over Covid

37:27 - Dealing With The Eviction Moratorium in LA

The FORT is produced by Johnny Peterson & Straight Up Podcasts