Chris Powers Profile picture
May 9, 2020 4 tweets 2 min read Read on X
Pretty awesome moment today.

I went to @AlphaGraphics to pick up a few things.

The owner of #FortWorth franchise just moved here from South Africa last year. She and her family moved b/c after visiting her best friend a year ago, she'd never felt so safe walking outside.
She said she still pinches herself that she can walk around town with zero fear. Her 13 & 14 y/o's are just now realizing they can go outside without needing to be scared.

She said America is the dream she's always wanted and pinches herself every morning that it came true.
Back home, unemployment is 40%. There is no printing of money. There is no PPP. There is no government assistance. Crime is at all-time highs. Thousands of people wait daily to collect food from.....
American Non-Profits who provided food for hundreds of thousands of people daily. She said there is no country more generous or thoughtful than the USA.

I needed this. Another reminder that the American Dream is stronger than ever.

I can't wait to bring her all of my business!

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More from @fortworthchris

Oct 23, 2023
Cities hate industrial

Supply of Class B industrial is shrinking every year

Meanwhile, growth of Class A is slowing dramatically

And now it’s getting much harder to build new industrial buildings in urban cores across the US

What comes next for industrial?

A few thoughts:
Everyone needs their Amazon packages delivered within a few hours, but nobody wants a Class A industrial warehouse in their neighborhood.

Everyone needs an emergency HVAC repair tech to come immediately, but no one wants a Class B Industrial building down the road from them.
Whether you’re talking Class A or B, new development is slowing down.

Construction is slowing dramatically.

But demand remains strong from tenants.

This dynamic is played out in every single major American city.

Take Dallas, for example:
Read 18 tweets
Sep 25, 2023
Where is all the class B industrial going?

These two pictures sum up our bull thesis for Dallas and several other markets

Let me explain:
Image
Image
Every single major city in the United States is supply constrained when it comes to Class B Industrial

The supply is shrinking each year as tenant demand continues to grow

Dallas is a prime example
When cities like Dallas grew quickly in the 50s and 60s, you had the downtown office core and industrial just outside the core of the city

Factories and warehouses filled the perimeter of Dallas to make products and ship them out. Image
Read 16 tweets
Aug 29, 2023
There's a problem in the real estate market:

Rising property insurance rates.

Here’s what I’m seeing & how our team is thinking about the problem:
Earlier this year, State Farm announced it would stop writing new homeowner insurance policies in California

This came as a shock to many, but this has actually been years in the making Image
While rising homeowners insurance rates are national news this year, commercial real estate folks have been seeing this trend for years

Here’s a story from late 2020: Image
Read 15 tweets
Aug 23, 2023
Here's why I'm incredibly bullish on Class B Industrial real estate: Image
Every single major city in the United States is supply constrained when it comes to Class B Industrial

And the supply is shrinking each year as tenant demand continues to grow
In Texas, we estimate a decline of 1-2% per year.

For example, this is a popular area of Fort Worth called W 7th.

(2007 on the left / 2022 on the right) 👇
Image
Image
Read 15 tweets
May 15, 2023
Fort has been all-in on acquiring Class B Industrial (CBI) since 2016.

Here's why in no particular order:
1. By nature of the era (70's - 90's) it was built, it is infill and surrounded by mature infrastructure. Transportation systems, major arteries, homes, commercial, hospitals, universities, etc.

One can’t over estimate the value of mature infrastructure surrounding a property.
2. Companies continue to optimize for being close to their customer so they can serve or deliver product faster.

Billions are invested annually to optimize the entire supply chain. As landlords, we benefit from these ever increasing efficiencies.

That is why #1 is important.
Read 21 tweets
Feb 28, 2023
🚨New Episode: @pyrtbilly - Founder of Fyre Festival

- detailed stories of the day before and the day of the festival
- lessons learned over the last 6 years
- stories from his time in prison
- how he thinks about marketing and why things go viral
- his new business, PYRT
Read 4 tweets

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