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WS1506: Why I Left Wall Street for Commercial RE | Craig Berger

The Real Estate Syndication Show

The Real Estate Syndication Show
WS1506: Why I Left Wall Street for Commercial RE | Craig Berger
Dec 05, 2022 Episode 1506
Whitney Sewell

How do you know when it’s time to leave a career you’ve been doing for so long? What will make you decide to change careers? In life’s journey, it’s normal to experience bumps and turns along the way. These may lead you to different paths and you might discover your passion as you journey on.

Today, our guest Craig Berger of Avid Realty Partners shares why he left his over a decade career on Wall Street to be a full-time commercial real estate entrepreneur. In this first episode of our three-part series with Craig, he talks about career transition, the lessons he learned from his previous industry that have helped him today as an entrepreneur, and how he’s growing his business in this market cycle. Click the play button now and learn many things from Craig!

Key Points From This Episode: 

  • Craig talks about his background as a multi-award-winning equity research analyst on Wall Street and his transition to commercial real estate.
  • The four reasons why Craig left his more than a decade career to pivot into commercial real estate.
  • Why does Craig think he didn’t transition so well?
  • Craig’s tip to those who want to make the shift into commercial real estate is to find a community of like-minded people.
  • Why is it helpful to get experience first?
  • Craig shares the lessons he got from working on Wall Street that helped him in his real estate career.
  • Who are Craig's first hires?
  • What’s pushing Craig’s business to grow?
  • Craig shares they’ve recently hired seasoned professionals to help the business move forward.

Tweetables:

“Wall Street was a great experience. I learned so much. And, a lot of that I take forward with me to real estate. A few things, one, I wanted to make a change and do something new. Two, I really wanted to be entrepreneurial and work to build something more meaningful than working a desk job at somebody else's company.”

“I really wanted to take control of my life, my future, my destiny, and as part of that, do something where I wouldn't be replaced by a computer.”

“Find a community of like-minded people to join. There are a lot of different mastermind groups out there, there are a lot of different communities out there that are a mix of education and plus co-sponsorship and bring you up in a community with support and resources.”

“Get as smart and as educated as you can.”

“Keeping in mind that everything is a cycle is super important.”

“Our goal is to hire the best people we can at this point in time, leverage our track record and go out and raise meaningful amounts of institutional and high-net-worth capital because I think the next 12 to 15 months is going to present some really unique opportunities in the marketplace. And we want to be positioned to pounce on those.”

Links Mentioned in Today’s Episode:

Craig Berger on LinkedIn

Avid Realty Partners website

Upwork

About Craig Berger

Craig founded Avid Realty Partners in 2015 after spending more than a decade on Wall Street as a multi-award-winning equity research analyst. The firm’s portfolio has grown meaningfully in recent years. It includes the acquisition of over 1,450 apartment units totaling more than $210M in acquisition value in targeted growth markets across the US, in addition to a few hotels and net lease assets. Avid Realty Partners has taken six deals full cycle totaling $80M of sales value.  The firm continues to make offers on Multifamily apartment properties and plans to acquire new deals over the long term continually. We are proud of the hard work and results that our Team delivers every day on behalf of our Investors, Employees, Residents, Tenants, and other Stakeholders.

After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.
I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. 

I'm looking for five men to walk closely with who want to lead well at home and work.  
Email me at whitney@whitneysewell.com and tell me why you should be one of the five. 

whitneysewell.com  

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