The FORT Podcast: Chris Powers & Drew Pearson – Build a REPE Operating Company
Drew Pearson, Managing Partner at Pearson Partners, began his commercial real estate career at Latter & Blum in Baton Rouge in 2008. He moved to a boutique firm named Waters & Pettit in 2011 and within a few years became a top-selling agent there. To date, he has sold over $100MM dollars of investment property in more than 15 states. In 2015, he began to work at the real estate private equity firm Promanas in Ann Arbor, MI. There he served as head of acquisitions helping the firm grow to over $250MM of real estate asset value. He considers his time at Promanas instrumental in his growth and development process.
On this episode, Drew and Chris sit down for a live mentoring session on how to build a REPE operating company. They discuss how to go from 4-5 people to 20, the benefits of bigger deals over smaller deals, and how to create leverage in your business. Drew ends this session by asking Chris the things he would teach himself 5 years ago. Enjoy!
(03:36) – Honoring Friendships
(05:28) – Drew’s Evolution Since Meeting Chris
(06:29) – What are some major hurdles people have when going from 4-5 employees to 15-20?
(11:47) – Setting Goals & Always Refining Your Process
(19:22) – The Dark Side of Pursuing Greatness
(24:05) – Drew’s Background in Real Estate
(27:29) – The New Language of the Next RE Cycle
(41:03) – What are some roadblocks you see young GPs make as they advance in their careers?
(49:58) – What were some big leverage points in your career?
(55:37) – How do you cultivate your relationships?
(1:00:15) – Thinking and Reflecting vs. Consuming Information
(1:06:10) – What’s the biggest challenge you’re facing right now?
(1:11:44) – What advice would you give yourself 5 years ago?
The Fort is produced by Johnny Podcasts