# Frank Forte Quite NYC Investment Banking to Build Something True to his Jersey Roots

Page: https://stenobird.com/podcast/stories-behind-the-door-7023511/frank-forte-quite-nyc-investment-banking-to-build-something-true-to-his-jersey-roots
Text version: https://stenobird.com/podcast/stories-behind-the-door-7023511/frank-forte-quite-nyc-investment-banking-to-build-something-true-to-his-jersey-roots.md
Podcast: [Stories Behind the Door](https://stenobird.com/podcast/stories-behind-the-door-7023511)
Published: 2026-04-29T15:45:00+00:00
Episode link: https://c1fb7a5a-b918-4752-8e66-99cccd34cccf.libsyn.com/frank-forte-quite-nyc-investment-banking-to-build-something-true-to-his-jersey-roots
Audio file: https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/c1fb7a5a-b918-4752-8e66-99cccd34cccf/0._Podcast-Audio-Frank-Forte.mp3?dest-id=4709347
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Duration seconds: 2173

## Resource

I sit down with Frank Forte , Partner at Lucern Capital Partners , for a masterclass in consolidating the fragmented small bay industrial market . Frank has spent the last decade moving from high-level institutional banking to active ownership, raising over $100 million in equity and delivering project IRRs that most pro-formas wouldn't dare to show . We discuss the stark reality of the 2026 real estate market—what Frank calls a "long winter" for multifamily and storage—and why he believes the "middle 80%" of a deal (the operations) is where true wealth is created . From towing 85 cars off a distressed Charlotte site to helping small business owners find stability through five-year leases, Frank's approach is a blend of hard-nosed Jersey grit and sophisticated financial underwriting . Key Takeaways from this Episode: Contenders vs. Pretenders: Why you need to peel back the onion on who is actually owning and operating assets versus just posting on LinkedIn . The Insulation of NNN: How small bay industrial protects landlords from the "pound of flesh" tax assessors are taking from residential and multifamily owners . Unlocking "Tetris" Value: Creative ways to move tenants within a park to mark rents to market without losing occupancy . The "Humble Rebel" Mindset: Why hungry entrepreneurs and small business owners make the best tenants . Global Economics: What a 90% tax rate in France can teach U.S. business owners about corporate structure and the ability to exit . If you are a real estate professional looking for the "storm clouds to clear," Frank's insights on finding and fixing distressed industrial assets are essential listening . Connect with Thaddeus Campbell (S3 Partners): Email: thaddeus@s3.partners LinkedIn: https://www.linkedin.com/in/itsthadcampbell/ Connect w…

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