John Azar is the Partner with MACC Venture Partners, a vertically integrated real estate firm. In this episode John discuss the evolution of their company and how different teams, relationships and capital stack assisted the growth of their firm. John advises how the investor-operator mindset shifts as the scale of company grows and one becomes a fiduciary manager of assets. John discusses their investment philosophy, how their projects are structured. He discusses how they execute their value-add investment strategy, their debt structure and a target sell-exit plan. He discusses reasearch factors that go into evaluating deals to achieve their targetted rent-growth projections and the entire investment plan.