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Joshua Zhan is the Director of Investments at FCPT. - Four Corners Property Trust (NYSE: FCPT) is a publicly-traded, net-leaseΒ ...
Director of Investments, Four Corners Property Tr
Search every verified Joshua Zhang interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Joshua Zhang, Director of Investments at Four Corners Property Trust (FCPT), participated in a September 2023 webinar hosted by OfficeHours. During the conversation, he described FCPT as a publicly traded net lease real estate investment trust (REIT) that prioritizes passive landlord ownership. He noted that the company focuses on net lease properties such as Taco Bells, gas stations, and auto repair shops, which he said generate risk-adjusted returns in a niche market. Zhang discussed his background in investment banking, stating that the experience taught him hard skills like modeling and underwriting as well as professionalism and attention to detail. He observed that the recruiting cycle for finance roles has shifted earlier, with candidates interviewing for second jobs before starting their first. Zhang advised professionals to prioritize long-term growth over short-term promotions, to protect their time for health and relationships, and to be comfortable with non-linear career paths. He also emphasized the importance of discipline and consistency in investing, comparing it to maintaining physical fitness.
“We are a publicly traded net lease REIT. A REIT is a real estate investment trust, a type of real estate holding vehicle as an alternative to private funds or private equity. Net lease is a lease structure that maximizes tenant ownership and management, prioritizing passive landlord ownership.”
“When I was in banking, we worked five to seven days a week, arriving by 8 or 9 a.m. and leaving around 11 or 12 p.m., sometimes later. That experience of being in the office with fellow analysts was invaluable for learning through osmosis, which is hard to replicate remotely.”
“The recruiting cycle has shifted earlier; candidates are now interviewing for their second jobs before starting their first. This trend surprises many, but there are more mobility and opportunities available today than when I started.”
“In investment banking, you learn hard skills like modeling and underwriting, but also professionalism and attention to detail, which are invaluable and set you apart in your career.”
“Buying real estate is much more complex than buying shares of a company. It involves diligence, transactional, title, and property considerations. Our focus on net lease properties like Taco Bells, gas stations, and auto repair shops allows us to generate risk-adjusted returns in a niche that flies under the radar.”
“I advise anyone wanting to move from a back-office to a front-office role to first crush their current job. Excelling in your current role opens opportunities and shows your value to the company.”
“You only have one body in your life. Young people often spend the first half accumulating wealth at the detriment of their health, then spend the second half burning wealth to preserve health. Prioritizing mental and physical health is crucial in our industry.”
“Investing is like getting in shape: most people know the basics, but discipline and consistency are what separate good investors. Many bad investments are knowingly made despite understanding the risks, similar to knowingly eating junk food.”
“Saying no is a skill I had to learn. Not everything is urgent, and it's important to protect your time for exercise, family, and friends. Most things can be scheduled later without issue.”
“Be very thoughtful and okay with not having a linear career path. Focus on long-term growth and learning rather than short-term promotions or comparisons to peers.”
Joshua Zhan is the Director of Investments at FCPT. - Four Corners Property Trust (NYSE: FCPT) is a publicly-traded, net-leaseΒ ...
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