Today, we have Jason Tuttle joining us on the podcast. Jason is a Principal and a co-founder of Nova Capital Partners – a local real estate investment firm.
Jason is a different guest for us. At Nova Capital Partners, they’ve spent the last 8 years (2011 – 2019) identifying under-appreciated real estate in the Carolina’s and raising money from investors to purchase each property – in a special purpose vehicle (SPV) type entity.
After successfully doing it over 11 properties and continually providing income to investors, Jason and his business partner, Andy English, made the decision late last year to raise a real estate investment fund to allow them to make purchases as they arise without the constant need to fundraise. They expect to close the fund in the next several weeks. However, it will have an annual opening of which they will take new investor money.
I’ve known Jason for 5 years now and have been constantly intrigued by their business model. They aren’t interested in the glamorous real estate properties found in Southend or downtown. They find profitable entities with solid anchor tenants and manage to grow and improve the tenant base over time with smart operational effectiveness.
It’s not an angel investment. It’s not a startup. However, Jason and Andy are taking an approach to creating shareholder value that deserves to be heard and understood. I’ve long been interested in how the ‘eat local’ movement will transition into something along the lines of ‘invest local’. I think Jason and Andy are on the front end of seeing what that’s like.
Listen in to learn more about their investment philosophy and hear Jason talk about the deal they walked away from last year (which in my view is a huge credibility boost to their approach). And learn more about how the Buffett/Munger approach can be applied to more than just businesses.
William Bissett is the owner of and an Investment Advisor Representative of Portus Wealth Advisors, a Registered Investment Adviser. Registration does not imply a certain level of skill or training. Opinions expressed on this program do not necessarily reflect those of Portus Wealth Advisors. The topics discussed and opinions given are not intended to address the specific needs of any listener.
Portus Wealth Advisors does not offer legal or tax advice, listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.
Investments described herein may be speculative and may involve a substantial risk of loss. Interests may be offered only to persons who qualify as accredited investors under applicable state and federal regulation or an eligible employee of the management company. There generally is no public market for the Interests. Prospective investors should particularly note that many factors affect performance, including changes in market conditions and interest rates, and other economic, political or financial developments. Past performance is not, and should not be construed as, indicative of future results.
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