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Building a 6,500 unit apartment portfolio and mitigating risk with John Azar

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Today we sit down with John Azar and discuss how he built his massive portfolio of over 6,500 units, how he likes to mitigate risk for any economic downturn, inflection points and when to vertically integrate property management, and where he sees the market going in the next year.

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.