#360 - Andy Weiner - President @ RockStep Capital - Investing in Shopping Malls in Secondary / Tertiary Markets at 15-25% Cap Rates

The Fort - An Entrepreneurship Podcast

Andy Weiner, President of RockStep Capital, started RockStep Capital Corporation in 1996. Weiner has built or acquired over 9 million square feet of shopping centers throughout the United States.

Prior to founding RockStep Capital, Weiner served as Vice President of Operations for Weiner Stores, a chain of 159 family clothing stores with locations in Mississippi, Louisiana, and Texas.

We discuss:

• Andy’s mall thesis
• A Deal Breakdown of a mall in Small town America
• Implementing a successful company culture via the Rocksteps

We'd appreciate you filling out our audience survey, so we can continuously work on providing relevant content to our listeners.

https://www.thefortpod.com/survey

Links

RockStep Capital

The 25 RockSteps

Topics

(00:00:00) - Intro

(00:04:58) - Andy’s background

(00:09:09) - Retail pricing structures

(00:14:06) - Falling in love with small-town America

(00:18:52) - Andy’s mall thesis

(00:21:59) - What Andy looks for when underwriting a mall

(00:30:19) - What are deal killers for you?

(00:33:58) - Capitalizing and Closing deals

(00:38:50) - Deal breakdown: Manhaatan, KS

(00:45:37) - Zombie malls

(00:48:53) - Government funding + battling Amazon

(00:52:07) - Alternative ways to monetize mall assets

(00:54:27) - The Rockstep way

Support our Sponsors

Bullpen: https://www.bullpenre.com/

Vesto: https://www.vesto.com/fort

Better Pitch: https://bit.ly/42d9L0I

Fort: https://bit.ly/FortCompanies

Follow Fort on LinkedIn: https://www.linkedin.com/company/fort-companies/

Chris on Social Media:

The Fort Podcast on Twitter/X: https://x.com/theFORTpodcast

Instagram: https://www.instagram.com/thefortpodcast

LinkedIn: https://bit.ly/45gIkFd

Watch The Fort on YouTube: https://bit.ly/3oynxNX

Visit our website: https://bit.ly/43SOvys

Leave a review on Apple: https://bit.ly/45crFD0

Leave a review on Spotify: https://bit.ly/3Krl9jO

The FORT is produced by Johnny Podcasts