Lucern Capital Partners’ Frank Forte on Building a Lean and Nimble Real Estate Operation

In this episode of Buildings 2.0, Jose speaks with Frank Forte, Managing Partner & Chief Investment Officer at Lucern Capital Partners. Frank Forte shares his fascinating journey from investment banking to real estate ownership, discussing the importance of calculated risk-taking and how it has shaped his investment strategies. 

 

Frank emphasizes the value of networking, explaining how building strong relationships can lead to lucrative opportunities in new markets. Additionally, he highlights the advantages of maintaining a lean team, which allows for quick decision-making and adaptability in a competitive landscape. 

 

Topics discussed:

• The importance of calculated risk-taking in real estate investments and how it can lead to significant rewards when managed effectively.  
• Building strong relationships through networking and how these connections can create valuable opportunities in new markets and partnerships.  
• The advantages of maintaining a lean team structure, allowing for quick decision-making and adaptability in a competitive real estate landscape.  
• Insights on navigating market uncertainties, including rising interest rates and economic fluctuations, while preserving capital and ensuring profitability.  
• The role of hard work and perseverance in achieving long-term success in the real estate industry, especially during challenging times.  
• Strategies for conducting thorough due diligence on potential acquisitions, including lease analysis and property inspections to mitigate risks.  
• The evolution of the real estate market post-COVID and its impact on tenant behavior and property management practices.  
• Frank's personal experiences with setbacks, such as property damage, and how these challenges shaped his approach to risk management.  
• The significance of mentoring and giving back to the community by supporting young professionals and investing in startups.  
• The future outlook for the real estate sector and the potential for growth in light industrial properties and niche markets.