Each month, ICBR honors one of its members as Member of the Month. This month, we recognize Michael Fritton. Michael works with Somerset CPAs in Indianapolis, Ind.
ICBR: Why are you an ICBR member? What do you look to gain out of your membership?
Fritton: I enjoy the networking opportunities provided by ICBR and appreciate the member services and education programs. I have made great business contacts and developed strong friendships through the networking opportunities provided by ICBR.
ICBR: What designations/awards/recognition have you received?
Fritton: Throughout my professional career, I have been fortunate to have the opportunity to serve in various capacities in trade associations and not-for-profit organizations, including board positions in the Penrod Society, St. Luke Catholic Church and the Indiana United Methodist Children’s Home. Awards and recognition in those roles have been primarily a function of the tremendous people within those organizations.
ICBR: How did you start your career in commercial real estate/development?
Fritton: As a CPA working primary in the area of taxation, I developed a strong network of clients and contacts in the commercial real estate industry. I cultivated those relationships and over time came to focus almost exclusively in real estate.
ICBR: Do you have any mentors? If so, who? How has he/she inspired you?
Fritton: I have had several mentors over my career. I have tried to learn from all of their experiences. Hopefully, I have taken those lessons to heart and made them proud. I hope to be able to serve that role for others.
ICBR: What is the most important thing you have learned by working in commercial real estate?
Fritton: Despite the traditional mantra of “location, location, location,” I have found the most important aspect of any deal or business transaction is having mutual respect among those involved. You may be on opposite sides of the table today, but tomorrow you may be on the same side.
ICBR: What is your current professional goal(s)?
Fritton: My biggest professional goals are to be considered an expert in my field, a trusted advocate for my clients, and a valued member of my firm. Accomplish those things and all the other goals will fall into place.
ICBR: What is your most recent accomplishment?
Fritton: Like many people in commercial real estate, I consider it a major accomplishment to survive the great recession intact and with an optimistic outlook toward the future of the real estate industry. While I would not like to go through that period again, those who made it to the other side are well positioned for future success.
ICBR: Do you have any special skills, interests or hobbies?
Fritton: As the father of three sons, my hobbies happily revolve around driving my boys to games, watching games, coaching games, and occasionally still being able to beat them on the golf course.