POWERS brings you inside the minds of world-class leaders who have built, battled, and succeeded at the highest levels.
POWERS digs beyond the surface with questions driven by curiosity, uncovering stories and insights rarely shared publicly. Each episode delivers timeless wisdom and hard-earned lessons that apply across business and life.
The show has earned a reputation for asking the right questions at the right moment. The focus is on timeless principles, proven through years of discipline and risk, not on shortcuts. Each conversation is direct, deliberate, and designed to leave listeners sharper than when they arrived. The aim is simple: to deliver insights that matter and can be carried into business and life.
Since its launch, POWERS has drawn a high-caliber audience of builders, investors, and decision makers. Past guests have represented companies such as Starwood Capital, JLL, Hillwood Capital, Chick-fil-A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort, Matthews REIS, Bonobos, and ConvertKit.
At its core, POWERS is a celebration of leadership, of work that matters, and of the American spirit that makes it possible.
All content for POWERS is the property of Chris Powers and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
POWERS brings you inside the minds of world-class leaders who have built, battled, and succeeded at the highest levels.
POWERS digs beyond the surface with questions driven by curiosity, uncovering stories and insights rarely shared publicly. Each episode delivers timeless wisdom and hard-earned lessons that apply across business and life.
The show has earned a reputation for asking the right questions at the right moment. The focus is on timeless principles, proven through years of discipline and risk, not on shortcuts. Each conversation is direct, deliberate, and designed to leave listeners sharper than when they arrived. The aim is simple: to deliver insights that matter and can be carried into business and life.
Since its launch, POWERS has drawn a high-caliber audience of builders, investors, and decision makers. Past guests have represented companies such as Starwood Capital, JLL, Hillwood Capital, Chick-fil-A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort, Matthews REIS, Bonobos, and ConvertKit.
At its core, POWERS is a celebration of leadership, of work that matters, and of the American spirit that makes it possible.
#393 - Alex Nyhan - CEO @ First Washington Realty - $9B Portfolio: How Neighborhood Centers Became the Most Resilient Asset in Real Estate
POWERS
1 hour 5 minutes
1 month ago
#393 - Alex Nyhan - CEO @ First Washington Realty - $9B Portfolio: How Neighborhood Centers Became the Most Resilient Asset in Real Estate
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/
POWERS
POWERS brings you inside the minds of world-class leaders who have built, battled, and succeeded at the highest levels.
POWERS digs beyond the surface with questions driven by curiosity, uncovering stories and insights rarely shared publicly. Each episode delivers timeless wisdom and hard-earned lessons that apply across business and life.
The show has earned a reputation for asking the right questions at the right moment. The focus is on timeless principles, proven through years of discipline and risk, not on shortcuts. Each conversation is direct, deliberate, and designed to leave listeners sharper than when they arrived. The aim is simple: to deliver insights that matter and can be carried into business and life.
Since its launch, POWERS has drawn a high-caliber audience of builders, investors, and decision makers. Past guests have represented companies such as Starwood Capital, JLL, Hillwood Capital, Chick-fil-A, Morning Brew, Founders Podcast, Tiny Capital, Permanent Equity, Fort, Matthews REIS, Bonobos, and ConvertKit.
At its core, POWERS is a celebration of leadership, of work that matters, and of the American spirit that makes it possible.
