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The FORT with Chris Powers


Apr 23, 2020

Matt Lasky serves as Managing Partner and Senior Vice President of Equity Velocity Funds. He has advised clients nationally on over 1.3 million square feet of retail, mixed-use, and medical property since 2011. At Equity, he leads a team whose focus is on providing customized analytics and financial solutions to market strategy and capital markets clients nationally. The team brings deep experience in both multi-unit rollouts and acquisition/disposition work. In today's episode, he and Chris discuss lender attitudes during the COVID-19 pandemic, Matt's perspective on working as a principal owner in the medical real estate world, and much more. Enjoy!   For more information on Chris Powers and Fort Capital, visit www.FortCapitalLP.com Follow Chris on Twitter! @FortWorthChris  01:18 — Matt’s Background and His Career Up to This Point 04:41 — What was it about healthcare that intrigued you and brought you to Equity? 05:32 — What is it like focusing on both the service side and principal owner side of the business? 10:34 — How does a deal in this space come together? 13:10 — Is your fund a generalist fund or does each have its own mandate? 16:20 — What are you seeing on the front lines of Retail that you can share? 19:04 — Are lenders changing their attitudes during this COVID-19 crisis vs. the ’08 crash? 20:24 — Are there any best practices for handling rent relief? 23:55 — What is the difference between borrowing from CMBS vs. borrowing from a bank? 26:05 — Is there anything that's been permanently damaging for retailers? 28:33 — What worries you going forward after COVID-19? 32:30 — Are insurers paying receivables quicker to close the gap? 33:09 — Did you go into this pandemic with anything under contract? Has anything with these contracts changed due to COVID-19? 36:03 — Is Equity on pause with acquisitions? What’s would your plan be if a deal presented itself right now? 39:27 — Where do you see the rest of 2020 and 2021 going? When do we get back to ‘normal’? 42:17 — Are you seeing any leasing activity or has it halted? 45:12 — Do you see retail rents taking a huge hit w/ social distancing or will a new player come in and take advantage of it? 47:54 — Is there anything interesting you suspect we might see 18 months from now?   The FORT is produced by Straight Up Podcasts