MAG Capital: Building a $1 Billion Industrial Real Estate Empire

Dax Mitchell and Neil Wahlgren are the visionaries behind MAG Capital Partners.

In this episode, we journey through the corridors of MAG Capital Partners, a Texas-based investment firm managing a billion dollars with a focus on industrial real estate.

Dax and Neil, share their in-depth perspectives on the pulse of the industrial real estate market as we edge into 2024. With anticipated shifts in interest rates on the horizon, they dissect the key factors influencing their investment evaluations and the returns they strategically target.

Dax offers a personal glimpse into his life, revealing the unique experiences that come with living on a Texas ranch. Meanwhile, Neil draws an intriguing parallel between piloting planes and navigating the complexities of finance.

For those yearning to carve their path in this formidable industry, Dax and Neil dispense invaluable advice, distilled from years of triumphs and challenges.

Show notes:

(0:00) Intro
(1:27)  Putting $1 billion to work
(4:37) Founding of MAG Capital
(8:06) Neil joining MAG Capital as a partner
(9:34) Splitting responsibilities among partners
(10:53) Ideal size for a private equity firms
(14:08) Is MAG at its ideal scale
(15:12) How are funds structured
(16:09) Target returns
(16:40) Are there leases you would consider not selling
(17:50) What value are you bringing besides capital
(19:23) Opportunity in industrial real estate
(22:09) Single most important factor when investing
(25:26) What have you mastered and what are you learning
(26:40) Hardest lesson Dax has learned
(28:29) Comparing flying planes to working in finance
(30:16) What is it like living on a ranch
(31:38) Most important hard/soft skill in finance
(33:55) Skills/habits one should learn when young
(35:52) Rapid-fire questions
 

MAG Capital Partners links:
Invest in Industrial Real Estate Fund
Website
Dax Mitchell
Neil Wahlgren


My links:
Instagram
LinkedIn
Twitter
YouTube