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Ascent: Investing in Land in the Texas Triangle

February 25, 2024
In this episode of the Texas Land Guys Podcast, hosts Tim and Tom Dosch share the story behind their land investment company, Ascent. They discuss their motivations, challenges, and key successes, highlighting the importance of patience, strategic acquisitions, and integrity. The Dosch brothers dive into their unique approach to land investment, focusing on acquiring properties with clear end-use potential and keeping carrying costs low. They also emphasize the value of experience, building strong relationships with developers, and staying committed to transparency and accountability. This approach sets Ascent apart in a competitive market.
Tom and Tim further explore their real estate investment strategies, particularly within the Texas market. They reflect on past deals, such as the Riverstone deal in Sugar Land, Houston, underscoring the importance of market knowledge and selectivity in decision-making. Their evaluation process is rigorous—tracking over 50,000 sites. Looking to the future, they express optimism for 2025 and 2026, anticipating growth fueled by rising job opportunities and population increases. They also highlight the value of collaboration with developers and the art of creative deal structuring.
Don’t miss out on more insider insights and updates! Tune in for future episodes as Tim and Tom navigate the land investment world. Be sure to subscribe, stay engaged, and follow the Texas Land Guys Podcast for more valuable tips and stories!

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

Tim Dosch