Micah is the President and Founder of Anchor Investments, which is on a mission to Build America’s Most Generous Real Estate Company. Micah focuses on identifying real estate investment opportunities for Anchor, raising capital, and leading the team.
He is also the founder of Mission Hotels, the only hotel brand in America that gives away the majority of its profits to support underserved communities.
On this episode, Chris and Micah discuss:
- Growing up in urban Memphis
- The need for great schools & father figures
- The state of retail real estate
- Building Anchor
- How to give away money
Links:
Anchor Investments - https://www.anchorinv.com/
Micah on LinkedIn - https://www.linkedin.com/in/micah-lacher-1366151/
Lloyd Reeb on The Fort - https://fortcapitallp.com/the-fort-podcast-lloyd-reeb-co-founder-of-halftime-institute-success-to-significance/
Die with Zero by Bill Perkins - https://www.amazon.com/Die-Zero-Getting-Your-Money/dp/0358567092/ref=sr_1_1?hvadid=678836679979&hvdev=c&hvlocphy=9031293&hvnetw=g&hvqmt=e&hvrand=18111444382272962763&hvtargid=kwd-2236697686935&hydadcr=12343_13343001&keywords=die+with+a+zero&qid=1703403150&sr=8-1
Halftime by Bob Buford - https://www.amazon.com/Halftime-Changing-Your-Success-Significance-ebook/dp/B000SG9IUE/ref=sr_1_1?crid=2OK34U1E2D49H&keywords=Halftime+by+Bob+Beuford&qid=1703403181&sprefix=halftime+by+bob+buford%2Caps%2C138&sr=8-1
Topics:
00:00:00 - Intro
00:00:35 - Growing up on the wrong side of Memphis
00:05:11 - The working poor
00:07:49 - The importance of good schools & Micah’s career
00:17:39 - Experiences in the GFC
00:21:52 - Micah’s job today
00:23:20 - Thoughts on the retail market
00:27:58 - Developing a trait of generosity
00:31:55 - Building America’s Most Generous Real Estate Company
00:39:55 - Buying churches and converting them to hotels
00:46:35 - How to give away money
00:53:05 - What does the inner-city need to change?
00:57:10 - How to get people involved in giving
01:01:44 - Raising grounded children
01:08:38 - Why people with money don’t give
01:17:32 - Thoughts on giving across the street vs. across the ocean
01:18:51 - The Halftime Institute
01:25:08 - Final thoughts
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