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Justin Ishbia

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1101 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And there's so many REITs out there with public leases.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

We have them ourselves.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Just take the REIT that's out there, use the lease from somebody else, and just move it over and make the same terms.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And so that's how we think about it.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

But the other products that we do in the future, but it has to help my base business.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

I have to have an unfair advantage.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

So picking the actual buyer, I'm 0 for 14 on our 14 sales.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

I never picked the right buyer.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

But prior founding, sure, we're totally private.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

I confirm my partners have as well.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

I hear in my mind over and over again, my old boss wanted to buy.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

I can think what they used to say over and over again.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And so how I think about it, it goes back to how we organize.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

We always say industry, management, company.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

Back at the very beginning of the conversation on the industry, the roadmap, industry is growing.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

And I think about industry growth of a 15-year cycle.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

15 years has got to be my whole period, five years, my buyer's whole period, five years, my buyer's buyer.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

It's kind of a 15-year time period.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

We've sold to public companies, LabCorp and HOMA, big public companies.

Invest Like the Best with Patrick O'Shaughnessy
Justin Ishbia - Lessons from Acquiring 586 Companies [Invest Like the Best, REPLAY]

We sold to the biggest, the biggest private equity funds, KKR, TA Associates.