RE #185: Moses Kagan - Part 1| On Value-Add MF, A New Core Strategy, ReConvene, Los Angeles, and How He's Looking at The World

Moses Kagan is the Co-Founder and Head of Adaptive Realty, a Los Angeles-based development, and property management group. Since 2018, Moses has overseen the repositioning of 80 properties in Los Angeles and grown Adaptive from $0 to $110M of property under management. Moses joins Chris for his third appearance on The FORT Podcast.

In this two-part episode, they discuss the decision to not deploy a fund he raised in early 2020 and his new core strategy. They also explore rent control vs non-rent control. How he talks to his family about wealth and potentially taking over his business, learnings from ReConvene, and where we go from here....

Follow Chris on Twitter: www.Twitter.com/FortWorthChris

Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com

Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/

Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/

Watch this episode on YouTube: https://youtu.be/Ci-4AXwSZOI

(2:51) - Moses’ journey through ReTwit

(4:24) - What do you think the next 2-3 years look like for you in this online journey?

(6:35) - How do you explain this Twitter world you’ve built to people not in the know?

(8:04) - What your experience putting on ReConvene and what does it mean for the greater RE industry?

(12:54) - Was there anything that stood out from the feedback you got from the event that you’ll be implementing going forward?

(14:47) - Thoughts on ‘Quality’ when it comes to Moses’ expectations for doing a deal to lead into his new buy strategy

(21:28) - Bank’s attitude toward owning an asset for a year vs. having a loan on the asset

(25:36) - Spreadsheets vs. reality: experienced investors are losing out to inexperienced investors

(27:07) - How are you processing all of the craziness in the CA real estate market?

(29:52) - Moses’ Fund and the investor reactions to not spending any of it over Covid

(35:20) - Dealing with the eviction moratorium in LA

The FORT is produced by Johnny Peterson & Straight Up Podcasts