The Impact Real Estate Podcast is now Beyond the Resume! In this episode, Mike Moran, co-founder of Soundwater, discusses his journey in retail real estate, the impact of COVID-19 on the sector, and the importance of relationships and mentorship in building a successful career. He shares insights on capital raising, investment strategies, and the future focus of Soundwater on grocery-anchored retail assets. Mike emphasizes the value of hard work, long-term planning, and the role of mentors in his career development, while also providing advice for aspiring entrepreneurs.

Apple Podcasts: https://apple.co/3I3nkG9

Spotify: https://spoti.fi/35ZJGLT

Web: https://www.jacksonlucas.com/podcast/mike-moran

Chapters

00:00 Introduction to Soundwater Properties

02:48 Starting Soundwater Properties

07:23 Background and Entry into Real Estate

12:07 The Importance of Relationships in Real Estate

13:39 Focus on Grocery-Anchored Neighborhood Assets

17:13 Mentors and Mentoring Others

22:15 Balancing Work and Personal Life

23:48 Morning Routine and Exercise

26:41 Long-Term Planning and Taking a Chance

28:10 The Role of Luck and Paying It Forward

28:47 Conclusion

29:14 Introduction and Background of Mike

30:11 The Value of Institutional Backgrounds and Finance Skills

30:22 Insights into the Retail Industry and Starting a Company

Takeaways

Soundwater focuses on grocery-anchored retail centers.

COVID-19 has positively impacted the demand for retail spaces.

Building relationships is crucial in the real estate industry.

A finance background is essential for success in real estate.

Capital raising often starts with friends and family.

Future growth will focus on grocery-anchored neighborhood assets.

Mentorship plays a significant role in career development.

Hard work and long-term planning are key to success.

Personal fitness routines can help maintain mental health.

Paying it forward through mentorship is important.