The FORT Podcast: Scott Everett – Founder & CEO of S2 Capital – On MF Outlook, FED, Banking Crisis, Capital Markets
Scott Everett founded S2 Capital in 2012 to acquire multifamily Real Estate. In the past 11 years as CEO of S2 Capital, he has built a Real Estate investment company that has transacted on $10B of multifamily assets totaling 45,000 units and 3 operating companies that generate annual revenues in excess of $400M with over 600 employees. This is Scott’s second appearance on Fort, if you want to hear his first episode, you can do so here.
On this episode, Chris and Scott discuss:
➡️ reflecting on Scott’s fixed rate debt claims
➡️ capital markets & slowing rent growth
➡️ bear market predictions
➡️ S2’s strategy going forward
Listen on:
Spotify
Apple Podcasts
YouTube
Timestamps
(00:06:25) Reflecting on last year: Fixed Rate Debt
(00:13:51) Factors creating deal flow in Multifamily
(00:16:36) Capital Markets
(00:21:57) Slowing Rent Growth
(00:23:29) Equity and lending in the next 24 months
(00:27:11) What are capital providers wanting to see in the next year?
(00:33:31) Debt markets
(00:34:40) A Bear-ish market prediction
(00:44:35) What metrics matter to you the most?
(00:50:19) S2’s strategy going forward
(00:55:47) What kills growth markets?
(01:00:22) Is the sun belt still the place to be?
(01:02:02) How are you thinking about pacing your capital deployment?
(01:06:16) How are you leading your company in this environment?
(01:08:40) How are you thinking about AI?
(01:12:31) How do you generate deal flow that isn’t acquiring assets?
(01:16:31) What’s your approach to development?
(01:18:49) What will consume your days over the next 10 years?
(01:22:33) What do you envision S2 looking like in 10 years?
(01:24:26) Why Scott left Twitter
Episode Summary
In the dynamic realm of real estate, Scott Everett stands as a towering figure, illuminating the path for many with his strategic insights and profound knowledge. His recent face-to-face with Chris Powers on the podcast not only showcases his deep-rooted expertise but also offers a comprehensive guide to the ever-evolving world of real estate.
Scott Everett’s journey in the real estate industry is nothing short of inspiring. With a career marked by adaptability, strategic foresight, and an unyielding drive, Everett has etched his name in the annals of real estate magnates. The podcast episode, with its enriching dialogue, sheds light on his vast experience, offering listeners invaluable lessons and a treasure trove of knowledge.
A significant part of the conversation is dedicated to the intricate dance of market trends in real estate. Everett’s analysis is meticulous, delving into the evolving dynamics, potential growth areas, and the challenges that lurk in the shadows. His insights, a blend of experience and keen observation, provide listeners with a holistic understanding of where the market stands and where it’s headed. For those navigating the tumultuous waters of the real estate market, his words offer a lighthouse.
Investment strategies, a cornerstone of real estate success, are explored in depth. Everett’s approach to scrutinizing potential deals is both methodical and intuitive. He underscores the importance of a detailed market analysis, but also emphasizes the role of intuition, a factor often overlooked. This segment is a masterclass, equipping listeners with tools and strategies to identify lucrative investment opportunities and mitigate risks.
Construction in real estate, with its myriad challenges and technological innovations, also finds a place in the dialogue. Everett’s perspective on the future of construction, influenced by the winds of technological advancements, is both enlightening and forward-thinking. He touches upon the transformative potential of technology in construction, hinting at a future where innovation and construction walk hand in hand.
Everett’s business acumen is unparalleled, and this shines through in the episode. His strategies, marked by adaptability, resilience, and a pulse on market dynamics, offer listeners a blueprint for success. Throughout the podcast, his experiences serve as both cautionary tales and sources of inspiration, highlighting the challenges and strategies essential for real estate triumphs.
Reflecting on the broader implications of market trends, Everett and Powers contemplate the overarching influence of these trends on real estate. Their combined insights craft a narrative that is both informative and thought-provoking, offering listeners a panoramic view of the market’s landscape.
The episode, however, isn’t just about real estate intricacies. It’s also a deep dive into Everett’s entrepreneurial journey. His tales of trials, triumphs, and the lessons imbibed along the way resonate deeply, emphasizing the tenets of perseverance, adaptability, and continuous learning.
In conclusion, this podcast episode with Scott Everett is more than just a conversation; it’s a reservoir of knowledge, insights, and strategies, making it an indispensable resource for anyone vested in the real estate industry. The dialogue between Everett and Powers is both enlightening and engaging, ensuring that listeners walk away with a renewed understanding of the real estate world and the strategies vital for success.
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