The FORT Podcast: 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…

Listen on:
Spotify
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(02:35) – Moses’ Journey Through ReTwit

(04:08) – What do you think the next 2-3 years look like for you in this online journey?

(06:18) – How do you explain this Twitter world you’ve built to people not in the know?

(07:48) – What is your experience putting on ReConvene and what does it mean for the greater RE industry?

(12:37) – Was there anything that stood out from the feedback you got from the event that you’ll be implementing going forward?

(14:31) – Thoughts on ‘Quality’ When It Comes to Moses’ Expectations for Doing a Deal to Lead into His New Buy Strategy

(21:11) – Bank’s Attitude Toward Owning an Asset For a Year vs. Having a Loan on the Asset

(25:20) – Spreadsheets vs. Reality: Experienced Investors are Losing Out to Inexperienced Investors

(26:51) – How are you processing all of the craziness in the CA real estate market?

(29:35) – Moses’ Fund and The Investor Reactions to Not Spending Any of It Over Covid

(35:03) – Dealing With The Eviction Moratorium in LA

The FORT is produced by Johnny Peterson & Straight Up Podcasts