Thread by @Levijameshere

Harbor Capital set our target for 2022 acquisitions and I am pretty amped about it. 🚀 I shared the goal with our investors in an email titled: "The relentless pursuit of a market-beating strategy" I started out by telling some of my story. Here is a shortened version. 👇

In 2019, I decided to sell off my position in a large multi-family development company along with a slew of other assets and businesses that I had started.

I wanted to direct all my energy toward building a hyper-focused industrial real estate investment firm that would own and operate a portfolio of real estate assets to beat the market for myself and our investors.

I was a year away from turning 40 and had gone through a series of personal mindset-expanding epiphanies about what was possible for me to accomplish in my lifetime, and how all that I had built up to that point missed the mark in many ways.

I figured out early on that when I operate at my best, I am capable of being better than most at starting and scaling profit centers. In 2018 I was running 6 companies (and a non-profit) with a combined 4,000 employees across 5 countries.

I found that despite all this incredible success, I was still leaving heaps of potential on the table by missing the target in two important areas:

Focus and Clarity.

My mini-empire of companies were operating in great markets and many times proved to beat the market, but they weren’t focused enough to be right as often as I felt was possible.

When the opportunity to secure a healthy financial exit came around, I knew that it was my chance to re-focus and build the type of company that I always dreamed could exist.

Harbor Capital was born out of this bone-deep belief that the best companies are those who focus an inch wide and a mile deep on one simple strategy that is both correct and non-consensus.

After spending several months in 2020 researching and testing out various market theories, I landed on industrial real estate assets in Texas. It is a market that is often misunderstood, rarely executed well, and possessed near-infinite potential for growth.

I had been both owner and operator in many industrial assets and understood the economics well. I could clearly see that this market represented limitless possibilities. I had never been so ready for anything in my life.

When Harbor Capital started, our team set a goal to acquire $5M in assets in 2021. I had done more than $400M in real estate transactions over the last 20 years, so I knew this was a modest initial goal.

What I didn’t expect was our team’s ability to uncover so many quality acquisition targets or the massive demand from investors who were ready to be LPs in our deals.

Coming to the end of our first year in business, we find ourselves with $11M in AUM and another $19M in contract scheduled to close before year-end. I am truly humbled to see how far we have come.

Looking ahead to next year, I will admit that I feel a mixture of both fear and excitement as we announce our acquisition target for 2022. Are you ready for this?

Harbor Capital is aiming to acquire $100M of Texas industrial properties in 2022. (I still can't decide if I should put an exclamation point here or just leave it as is and let that number linger).

Who's ready for this journey with me?