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#393 - Alex Nyhan - CEO @ First Washington Realty - $9B Portfolio: How Neighborhood Centers Became the Most Resilient Asset in Real Estate

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Manage episode 506652568 series 2469364
Content provided by Chris Powers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Powers or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Alex Nyhan is the CEO of First Washington Realty and an owner in FWR's entities. FWR owns interests in and manages approximately $9 billion of top-quality grocery-anchored shopping centers across the United States.

Alex is one of the sharpest minds in real estate and this episode is proof of that. I’ve had the good fortune of learning from Alex for many years and is someone who always brings good insight.

We discuss:

- Lessons from structuring complicated public-private development projects

- The investment philosophy behind First Washington’s 22 million square feet of neighborhood retail

- Why grocery-anchored shopping centers have proven so resilient

- How demographics, education levels, and supply constraints shape long-term value

- The role of relationships and human connection in both tenant selection and consumer experience

Links:

First Washington Realty - https://www.firstwash.com/

Alex on LinkedIn - http://linkedin.com/in/alex-nyhan-b2b4914/

Topics:

(00:00:00) - Intro
(00:04:02) - Alex’s background and early career
(00:15:19) - Alex’s DC Convention Center Hotel project
(00:23:32) - First Washington Realty overview
(00:25:25) - Investment strategy and deal selection
(00:29:21) - Focus on grocery-anchored shopping centers
(00:31:05) - Case study: Kansas City suburbs
(00:32:04) - Navigating supply constraints
(00:32:34) - The resilience of retail in the e-commerce era
(00:33:20) - The impact of e-commerce on malls and neighborhood centers
(00:35:11) - The competitive landscape of retail investments
(00:39:05) - Risk management in retail deals during COVID
(00:41:38) - The value of tenant relationships in retail
(00:44:49) - Balancing risk with mom and pop tenants
(00:50:14) - The importance of education and demographics in retail
(00:52:51) - Government intervention and retail development
(00:57:04) - Consumer spending trends and market dynamics
(01:02:10) - The role of human interaction in retail success
(01:04:21) - Concluding thoughts on retail investment strategies

Support our Sponsors

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Instagram: https://www.instagram.com/thefortpodcast

LinkedIn: https://bit.ly/45gIkFd

Watch POWERS on YouTube: https://bit.ly/3oynxNX

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Leave a review on Apple: https://bit.ly/45crFD0

Leave a review on Spotify: https://bit.ly/3Krl9jO

POWERS is produced by https://www.johnnypodcasts.com/

  continue reading

390 episodes

Artwork
iconShare
 
Manage episode 506652568 series 2469364
Content provided by Chris Powers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Powers or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Alex Nyhan is the CEO of First Washington Realty and an owner in FWR's entities. FWR owns interests in and manages approximately $9 billion of top-quality grocery-anchored shopping centers across the United States.

Alex is one of the sharpest minds in real estate and this episode is proof of that. I’ve had the good fortune of learning from Alex for many years and is someone who always brings good insight.

We discuss:

- Lessons from structuring complicated public-private development projects

- The investment philosophy behind First Washington’s 22 million square feet of neighborhood retail

- Why grocery-anchored shopping centers have proven so resilient

- How demographics, education levels, and supply constraints shape long-term value

- The role of relationships and human connection in both tenant selection and consumer experience

Links:

First Washington Realty - https://www.firstwash.com/

Alex on LinkedIn - http://linkedin.com/in/alex-nyhan-b2b4914/

Topics:

(00:00:00) - Intro
(00:04:02) - Alex’s background and early career
(00:15:19) - Alex’s DC Convention Center Hotel project
(00:23:32) - First Washington Realty overview
(00:25:25) - Investment strategy and deal selection
(00:29:21) - Focus on grocery-anchored shopping centers
(00:31:05) - Case study: Kansas City suburbs
(00:32:04) - Navigating supply constraints
(00:32:34) - The resilience of retail in the e-commerce era
(00:33:20) - The impact of e-commerce on malls and neighborhood centers
(00:35:11) - The competitive landscape of retail investments
(00:39:05) - Risk management in retail deals during COVID
(00:41:38) - The value of tenant relationships in retail
(00:44:49) - Balancing risk with mom and pop tenants
(00:50:14) - The importance of education and demographics in retail
(00:52:51) - Government intervention and retail development
(00:57:04) - Consumer spending trends and market dynamics
(01:02:10) - The role of human interaction in retail success
(01:04:21) - Concluding thoughts on retail investment strategies

Support our Sponsors

Ramp: https://ramp.com/fort

Collateral Partners: https://collateral.com/fort

Chris on Social Media:

Chris on X: https://x.com/fortworthchris

Instagram: https://www.instagram.com/thefortpodcast

LinkedIn: https://bit.ly/45gIkFd

Watch POWERS on YouTube: https://bit.ly/3oynxNX

Visit our website: https://www.powerspod.com/

Leave a review on Apple: https://bit.ly/45crFD0

Leave a review on Spotify: https://bit.ly/3Krl9jO

POWERS is produced by https://www.johnnypodcasts.com/

  continue reading

390 episodes

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