#359 - Michael Levy - CEO @ Crow Holdings - 2008 GFC Stories, Restructuring, View on 2024 RE Market, Life at Crow, A Man of Commerce

The Fort - An Entrepreneurship Podcast

Today’s episode is full of incredible career stories and deep market insights as we enter the second half of 2024.

Michael Levy is the Chief Executive Officer of Crow Holdings where he is responsible for leading and overseeing the Company’s overall business strategy and activities. The firm’s operations include real estate investment management, real estate development, renewable and traditional energy exploration, and securities management.

Before joining Crow Holdings in 2016, Michael had a longstanding career in real estate finance and investment management at Morgan Stanley. He was a member of the Firm’s Management Committee and held a number of leadership positions including COO and Head of Distribution for the Investment Management Division, Head of Traditional Asset Management, COO and CFO for Real Estate Investment Management, and co-head for Real Estate Investment Banking.

We discuss:

• Michael’s career at Morgan Stanley during the DotCom crash and GFC
• The experience working for Crow Holdings
• Analyzing the state of the market, asset classes, and looking to the future of real estate

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Links:

Michael Levy on LinkedIn

Crow Holdings

Topics:

(00:00:00) - Intro

(00:03:10) - Days on Wall St.

(00:05:47) - Experiences during the DotCom Crash and the GFC

(00:21:02) - Advice for someone going into a restructuring

(00:24:49) - The worst assets to be in during the GFC and Michael’s time with Morgan Stanley

(00:30:44) - Being a man of commerce

(00:31:57) - Joining Crow Holdings

(00:38:38) - Texas Vs. New York

(00:42:25) - Crow Holdings business units & development structures

(00:53:57) - Thoughts on the market

(00:57:16) - 2008 vs. 2024

(00:59:20) - Interest rates

(01:03:58) - Oil and Gas

(01:06:05) - Office

(01:14:10) - Data centers

(01:17:51) - MF & Industrial

(01:23:23) - Acquisitions

(01:25:00) - Development challenges

(01:27:10) - Capital markets

(01:31:26) - What are you most proud of from your time with Crow?

(01:33:50) - Solar

(01:36:48) - Looking at the future of RE

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