Chris Powers, Fort Capital CEO and The Fort podcast host, said Class B buildings are often located in older, now-central neighborhoods, and are hard to replace, while Fort Capital focuses on smaller industrial spaces catering to small and medium-sized businesses. Powers was a guest on a recent episode of the Texas Talks Podcast.

“Class B is typically a denomination of when the product was built; these are buildings that were built, call it from the '70s to the late '90s, and early 2000s," said Powers on a recent edition of the Texas Talks Podcast. “They're typically infill in nature, which means if you're driving around a city, they're built in the more mature neighborhoods. Because of when they were built 30, 40 years ago, that might have been on the outskirts of town. Now, it's in the center of town, so they service really dense trade areas.  They're hard to replicate; it's hard to find land to rebuild them.”

“We're in a world now where the supply that you see today is kind of the supply that we're probably going to have forever," said Powers. “We buy shallow bay, light industrial. A lot of people think of industrial and they think of big Amazon facilities that are a million square feet. A lot of the stuff that we buy is 5,000 to 10,000 ft, 20,000 ft spaces that are servicing the smaller to medium-sized businesses that need a couple thousand feet of office in an 8,000 square foot warehouse.”

Powers is the founder and CEO of Fort Capital, a real estate investment firm that has managed over $2.1 billion in property deals across Texas, Tennessee, and Florida. He also hosts The Fort podcast, where he shares insights from entrepreneurs aimed at helping listeners improve their business skills.

Texas Talks podcast is hosted by Brad Swail. The weekly show is focused on public policy in the state of Texas, with insights from the people and organizations that influence it.

The podcast is available on Simple Cast and YouTube.