Ascent: Investing in Land in the Texas Triangle
Key Takeaways:
-
Origins and development of the land investment company Ascent
-
Motivations for entering the land investment space
-
Challenges faced during the establishment of Ascent
-
Strategic approach to acquiring and selling properties
-
Importance of building relationships with clients and investors
-
Focus on future development sites and market dynamics
-
Track record of property acquisitions and dispositions
-
Emphasis on patience and strategic planning in land investment
-
Unique investment strategies and risk management
-
Commitment to integrity and value in investment practices
-
Importance of market knowledge and data tracking
-
Experiences with past deals, including the Riverstone deal
-
Role of land brokers and buyer representatives in identifying opportunities
-
Selectivity in investment decisions and rigorous evaluation processes
-
Future predictions for growth in the Texas real estate market (2025 and 2026)
-
Collaboration and joint ventures with developers
-
Creative deal structuring and capital reinvestment strategies
-
Optimism for increased investment activity in 2025
In This Episode:
-
[00:00:03] Introduction to the podcast
-
[00:00:27] Origins of Ascent
-
[00:00:48] Challenges and support
-
[00:01:31] Naming and logo creation
-
[00:02:40] Investment opportunities
-
[00:04:04] Starting to buy properties
-
[00:05:02] Client relationships
-
[00:06:07] Pipeline of deals
-
[00:09:24] Risk management and strategy
-
[00:10:57] Track record of acquisitions
-
[00:15:00] Market resilience
-
[00:16:45] Future opportunities
-
[00:17:24] The importance of patience
-
[00:19:26] Strategy Overview
-
[00:21:27] Value of buying right
-
[00:23:25] Developer relationships
-
[00:26:27] Skin in the game
-
[00:28:35] Long-term investment perspective
-
[00:29:40] Riverstone deal discussion
-
[00:30:29] Investment strategy insights
-
[00:32:06] Market trends and predictions
-
[00:32:59] Investor relationships and capital management
-
[00:34:07] Opportunities in larger sites
-
[00:35:18] Collaboration with developers
-
[00:36:00] Current market conditions
-
[00:37:48] Predictions for 2025 investments
-
[00:39:17] Reflections on company journey
-
[00:40:17] Closing remarks
Show Links:
Tom Dosch