Winston Fisher
Partner at Fisher Brothers
Where is Fisher Brothers going to be in 2033?
Over the next decade, we will continue to reinvest in our core commercial buildings to meet the rapidly evolving needs of our tenants. This will include seamless integration of AI technologies into our buildings and embracing the digital world in our physical assets. We are excited to grow our House brand — a collection of highly amenitized, design-forward residential properties — in up-and-coming markets.
We’ll also continue to redefine experiential entertainment with the expansion of our AREA15 district in Las Vegas, and push boundaries with new partnerships and activations. Along the way, Lionheart Strategic Management, our asset management arm, will continue to invest in high-quality assets that provide communities with a positive economic impact and generate long-term value on behalf of our investors.
Tell us about a successful financing you’ve done in the last 12 months. Or tell us about an unsuccessful one.
We recently closed on $117.5 million in financing for Wynhouse Miami, a design-forward, leading multifamily project in the thriving and energetic Wynwood neighborhood, that was jointly provided by JPMorgan Chase and affiliates of Canyon Partners. Wynhouse Miami is the latest multifamily development within our House brand, and will rise eight stories and offer 308 rental residences, approximately 26,000 square feet of ground-floor retail and nearly 25,000 square feet of amenities.
We’ve also successfully completed an offering for Wynhouse on CrowdStreet, an online investment platform. This was our first experience using crowdfunding, and it’s been exciting to explore innovative, new funding streams and engage with a unique investor base.
When will we know the market has stabilized? (Be specific!)
When interest rates pacify for several quarters in a row without increase, we will know the market is stabilized and it will be easier to make business decisions.
What’s the biggest market opportunity as we round out 2023?
The biggest market opportunity is in distressed real estate and investing in tech platforms that bridge the gap between the digital and physical worlds. These innovative platforms are essential to the future of many different industries, including real estate.
Have you had a lot of staff turnover?
No, not in the last year. Our staff has traditionally been stable — employees stay at Fisher Brothers. We’ve recently made leadership hires to help the company grow. David Cheikin joined the firm this summer as head of real estate to oversee the commercial and residential portfolios.
Who do you like for POTUS in 2024? Biden.
Do you feel personally safe moving through NYC? Yes, but public safety is still an important issue that needs to be addressed.
Can’t-live-without technology now? iPhone/iPad.
Elon Musk is …? Innovative.
Taylor Swift or Beyoncé? How can you choose?
Artificial intelligence — good or bad? We can’t yet fathom the impact AI technology will have on the world.
Mischa’s or Nathan’s for a hot dog? Nathan’s.
Netflix or Hulu? Netflix.