the business

simplicity

podcast

Making Housing Affordable with Mike Keading

Episode 175 – 4 April 2023

Mike Kaeding is the CEO of Norhart. Norhart designs builds, and rents apartments. They are
transforming the way apartments are built and managed by incorporating technologies and
efficiencies that have revolutionized other industries, and lead to high-quality, cost-effective
projects.

Mike’s parents started their family business. However, just a few years after joining the business,
Mike’s father unexpectedly passed away. Suddenly, Mike had what felt like the weight of the
world on his shoulders. He had to lead this business with no preconceived notion of “the way
things are done” in this industry. He was struggling to the point where the city briefly shut him
down. This shattered his world. Norhart just naively started to solve problems after that
incident. And that led to magic.

Norhart began changing the way construction is done. Starting with an attractive culture unique
to the construction industry they hired the best talent. Together Norhart solved chronic
construction inefficiencies, applied techniques from manufacturing, and integrated traditionally
unaffiliated trades. This resulted in higher quality and lower cost projects.

Norhart’s mission is to solve America’s housing shortage by transforming the way apartments
are built and managed. And in doing so we will improve the way we all live.

Sign up for his podcast: https://www.norhart.com/podcast/

Discover the investment opportunity: https://www.norhart.com/invest/

The conversations on The Business Simplicity Podcast are inspired by the Simple Business Design framework, which is described in detail in the Simplicity Toolkit.  Get it below for free!

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