RE #186: Moses Kagan - Part 2 | On Value Add MF, A New Core Strategy, ReConvene, Los Angeles, & more

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

(02:31) - A Discussion On Rent Control

(09:25) - Defining Moses’ New Buying Strategy

(20:36) -  How have you thought about growing your business over the next decade? 

(26:32) - How are you thinking about leaving the businesses to your kids? What if they don’t want to go into it?

(35:50) - Thoughts on Growing Third Party Property Management 

(38:38) - Is there anything keeping you up at night? 

(42:13) - The Slowing Rate of Development

(46:01) - Our Collective Tolerance for Emergency

(48:28) - If I gave you $1B to put to work by the end of the year where would it go?

The Fort is produced by Johnny Peterson & Straight Up Podcasts.