The Lone Star Capital Podcast
The Lone Star Capital Podcast interviews institutional investors to learn more about their strategies, sponsor and investment criteria, due diligence process, and asset management practices.
New episodes every Monday at 9am EST.
The Lone Star Capital Podcast
E98: Why Culture and People Power Lone Star Capital’s Success
In this episode of the Lone Star Capital podcast, Craig McGrouther and I sit down with Sam Morris, Partner at Lone Star Capital to discuss the impact of Texas HB21 on property tax exemptions and affordable housing deals. We explore how this new law eliminates "traveling HFC" tax exemptions by 2027 without grandfather clauses, potentially devastating many operators who relied on these structures.
The conversation reveals why operators used out-of-jurisdiction housing authorities as lifelines during tough market conditions, what options remain for affected properties, and how Lone Star Capital's strategy of working exclusively with local jurisdictions protects our 13 tax-exempt properties from impact. Sam also shares insights from his recent NYC office visit, highlighting our team's strength and culture.
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