WS1654 – Creating Value and Stability in Multi-Family through Subsidized Housing

WS1654 – Travis Bronik

In this episode, we sit down with Travis Bronik, the Director of Operations for Divergent Capital, as he shares his inspiring journey from leaving his law practice to becoming a full-time real estate professional. With almost two decades of experience in real estate investment and management, Travis has established a remarkable track record of delivering double-digit returns to investors across a diversified portfolio of holdings in the single and multi-family apartment sector throughout the United States.

Links from this episode:

Website: https://divergentfund.com/

LinkedIn: https://www.linkedin.com/in/travis-bronik-9048593a/

Keynotes from this episode:

1. The guest left his law practice six years ago to pursue a full-time career in real estate.
2. According to him, giving up law was the most sensible decision he made.
3. He started syndicating with partners he went to law school with.
4. The guest considers launching a fund two years ago as the greatest decision he has made.
5. The fund allows him to bundle multiple assets in one group, providing security for his investors.
6. He successfully closed his first fund, raising $5 million, with $18 million invested in real estate at a 60% loan-to-value (LTV) ratio.
7. He is now working on a new $25 million fund that aims to be an all-weather fund, possibly involving lending or acquiring businesses with $1-5 million in revenue.
8. The guest emphasizes the importance of ensuring that all general partners (GP’s) are “uber aligned” to maintain harmony and common goals.
9. He mentions that his real estate ventures also house many homeless veterans through portable vouchers.
10. The guest measures success not only by professional growth and returns for investors but also by being home for dinner every night and being present when his kids wake up

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About Travis Bronik

Travis Bronik is the Director of Operations for Divergent Capital. A licensed attorney who has spent over a decade bringing a critical eye to contracts and negotiations. He brings almost two decades worth of real estate investment and management experience to the single and multi-family apartment sector across the United States With a quantifiable track record of double digit returns for investors across a diversified portfolio of holdings. 

A lifelong Michigan native, Travis studied Political Theory and Democracy at Michigan State University, and earned his J.D. from the Michigan State University College of Law. He is a dedicated family man who enjoys spending time with his wife and two children and is eager to get them to join him on scuba diving trips.