Michael Kron on Real Estate Development: From Land to Legacy Podcast—from C-Class to Sunbelt Success
Long before “net lease” became a buzzword in the investment world, Michael Kron was already charting a path toward stable cash flow and strategic growth. In his latest podcast feature on Real Estate Development: From Land to Legacy, Michael shares the journey that led him from managing C-class properties in California to building a 13,000-unit multifamily portfolio concentrated in high-growth Texas and Arizona markets—and how that expertise now shapes the Guardian Net Lease Fund.
An Early Bet on the Sunbelt
While many investors were still chasing returns in familiar coastal markets, Michael recognized the potential in emerging Sunbelt metros. He began reallocating capital into A-class opportunities in Texas and Arizona, positioning for population growth, favorable business climates, and long-term demand for high-quality housing and retail.
Development Lessons From the Ground Up
The conversation also dives into the realities of real estate development—from navigating entitlements to keeping projects on schedule. Michael highlights how controlling your own construction timeline can be one of the most effective inflation hedges, allowing investors to manage costs, quality, and delivery dates.
And yes, there’s a story that’s now legendary among his team: the time an architect’s plans didn’t mathematically add up to four walls—a costly but formative reminder that the right partners are just as critical as the right locations.
What This Means for Investors
For listeners interested in the Guardian Net Lease Fund, Michael’s insights reveal the philosophy behind every acquisition:
Essential Tenants: Focusing on businesses that provide everyday goods and services.
Strong Credit: Partnering with Fortune 350 and equivalent tenants with proven financial stability.
Market Selection: Targeting growth markets with favorable economic fundamentals.
🎧 Listen to the full conversation here.
