Today on the show, we welcome John Azar. John is the Executive Vice President of MACC Venture Partners where he oversees capital structure, alternative financing, and investor portfolio development. Previously, John was a Cofounder and Managing Partner of Boston Venture Partners, a private equity consulting and finance firm based in Boston, specializing in real estate development and structured finance.
Our Gracious Sponsor:
Adam Adams has raised millions of dollars by staying in front of passive investors. He helps you brand yourself online so you can attract capital which means you don’t have to be a great salesperson to do this. His clients are getting noticed by passive investors. He calls his clients Money Magnets because money is literally being attracted to them. There is a qualification process to work with Adam. Ready to take yourself to the next level? Apply to work with Adam here: http://bit.ly/RaisingMoneyCoach.
Watch the episode here:
Listen to the podcast here:
Through his tenure, he worked on a cumulative portfolio of $1.8 billion spanning from Boston to Miami as well as London and South America. In this episode, John shares his most challenging and rewarding experiences, practical advice, and personal wisdom he has gained from growing his own company from the ground up. One of the most interesting insights John shares in this episode, is his philosophy on sharing, and how the more you put out, the more you get back in the often-times frugal business of real estate. If you are looking for some expert tips on how to grow your business organically, get great at underwriting, and improve your reputation as a syndicator today, this episode gold!
Key Points From This Episode:
- Find out how John built his business back up after the 2007/2008 great recession.
- What it means to run a vertically integrated sponsor or owner-operated company.
- The key steps you need to take when scaling to having 6,000 units under management.
- Rome wasn’t built in a day: How long it really takes to get a company off the ground.
- Finding a balance between having your credibility in place while trying to launch a deal.
- How to eat a whale: A bad metaphor for a good lesson in any real estate business.
- The importance of sustaining a good reputation among lenders and equity partners.
- Why syndicators cannot underestimate their own value and their support networks.
- Why we always need to look at our numbers from the worst-case scenario standpoint.
- Why you make your money from day one of the deal, not from the last day of the deal.
- Tips for getting great at the underwriting side of business by learning how to share.
- Discover why John believes that the current political climate might halt a “downturn.”
[bctt tweet=”The hardest thing for any company, not just in real estate, is the first few years of the company’s life cycle. — @businessanarchy” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About John Azar
John is an Executive Vice President and Managing Member of MACC Venture Partners where he directs acquisitions, strategic development, capital management and growth. He also oversees alternative financing and investor/portfolio development. He co-directed the company’s recent growth from a 2500 units owner/operator to a current 6500 units owner/operator by developing a market brand and proliferating and growing a portfolio of institutional and individual investors in the syndications of the company’s assets; as well as the launch of several closed-end asset funds.
In 2019 John launched a new capital advisory and consulting firm called Peak 15 Capital to help other CRE operators and sponsors with their capital stack. John is also currently an advisory board member of several Charlotte based companies. One is Tabbris Coworking, which is a Coworking and innovation center with a location in Charlotte to service an exploding demand for innovation-based startups and early stage ventures in the area. Previously he was a co-Founder and Managing Partner of Boston Venture Partners (BVP), a private equity consulting and finance firm based in Boston specializing in real estate development, and structured finance. Through his tenure with BVP he worked on a cumulative portfolio of $1.8 Billion spanning from Boston to Miami as well as London. His previous roles as a commercial banker in financial institutions and banks such as Bank of America provided an integral understanding of debt and equity financing as well as deal structure; honing his skills and insights into the critical planning issues relevant to growing successful companies.
John is a regular guest speaker in various commercial real estate conferences, and he served on the boards of directors of several non-profit organizations. He is currently a board member for the Charlotte Symphony Orchestra and has been a guest lecturer on entrepreneurship and finance and is a continuous advocate for several business growth initiatives. John holds a BA from the University of North Carolina, Charlotte and an MBA from Boston University Questrom School of Business.
Love the show? Subscribe, rate, review, and share!
Join the Real Estate Syndication Show Community: