Fort Capital COO, Jason Baxter, returns to discuss Fort Capital's 2020 'Year in Review'. On this episode, Chris and Jason discuss the processes implemented in 2019 that helped our team through the pandemic in 2020, starting a property management company, doubling down on industrial, key improvements made to the team, the importance of technology & AI for your business, and much more. Click below to read Fort Capital's 2020 Annual Letter. Enjoy!
Fort Capital's 2020 Annual Letter: https://fortcapitallp.com/2020-annual-letter/?utm_source=juniper&utm_medium=email&utm_campaign=january_annualletter
(00:32) - What are the things we did as a company as it relates to COVID? What did we do in 2019 that positioned us for success?
(04:28) - The Flywheel at Fort Capital
Turning the Flywheel by Jim Collins - https://www.amazon.com/Turning-Flywheel-Monograph-Accompany-Great/dp/0062933795#ace-9766277718
(10:04) - The First 2 Months of 2020 and Getting Into Property Management
Fort Capital 2018 Year in Review: https://open.spotify.com/episode/5sKIsF0ItiwbjhHcRx46AF?si=tWKdr6P3RVGe0w_D8YJdKw
Fort Capital 2019 Year in Review: https://open.spotify.com/episode/5gcgJsErHbhtHMoP742fRp?si=NkdtdBLMS3erM2d4_DoZtg
(14:21) - How We Selected Yardi
(16:21) - Onboarding our Properties Pre-COVID and During COVID
(17:02) - Doubling Down on Industrial
(20:48) - COR Improvements in 2020 [Cutting Costs & Managing Data]
(25:47) - Working with the Banks
FORT Episode #59 with James Hill (On Banking): https://fortcapitallp.com/the-fort-podcast-james-hill/?utm_source=linkedin&utm_medium=social&utm_campaign=january
(29:16) - What are some key things we did to improve the company on a department level?
The FORT with Chris Powers
(34:38) - Improving Investor Reporting
(37:12) - The Importance of Technology to Make your Business Better
(41:37) - Some of the Tools We’ve Built and How We’re Thinking About Acquisitions in 2021
(45:43) - The Predictability Score
(54:51) - Fort Capital’s Acquisition Consultant Program & Broker Incentive Program
(59:11) - Final Stats for 2020 (Closing, Raising, Investors) and Goals for 2021
(1:02:00) - Our Shameless Ask & What Fort Capital is Looking For
(1:02:30) - Final Thoughts and Goals Looking at 2021
The FORT with Chris Powers is produced by Straight Up Podcasts
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
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