#73: How To Scale To 6,000 Units with John Azar
Sep 23, 2020
John Azar is a Managing Member of MACC Venture Partners, and Co-Founder / Managing Partner of MACC Opportunity Fund. They now own and operate over 6000 units in the Southeast. John and I discuss how he went from owning 0 units to scaling to 6,000 units.
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How To Scale To 6,000 Units with John Azar
John is a Managing Member of MACC Venture Partners where he co-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. John is launching a new $300 Million sponsor fund for MACC in the fall of 2020 that will fund multifamily sponsors across the United States on a Co-GP or LP basis. The fund will be called MACC Opportunity Fund I. 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.
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, Morgan Stanley, and John Hancock 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.
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