From Academic Underdog to Powerhouse: A Fully Integrated Private Equity Firm

• Despite near-term economic weakness and vacancy rates that will rise further above their pre-pandemic averages in 2024, enough demand should keep the average occupancy rate above 94%.

• Developers have correctly anticipated where demand will best support new supply based on job growth figures. Markets with the largest supply pipelines (e.g., Austin, Dallas, Nashville, and Atlanta) have the highest job growth projections.

• In an economy with high interest rates, multifamily real estate is becoming increasingly crucial in mitigating the significant scarcity of single-family houses (at least 3.1 million), which is making homeownership more difficult.

• Leasing activity is expected to remain at least 750 million square feet annually. In the first half of 2024, lease renewals will dominate, but new leasing may increase if economic growth strengthens later in the year. Population growth, e-commerce expansion, and supply chain resilience will drive occupier decisions.

• Occupiers are strengthening their supply chains by increasing import locations, onshoring or nearshoring manufacturing, and appropriately staffing distribution hubs.

• Look for businesses exploring alternative airport and seaport markets to store additional inventory.

Who is David Choi?

Founder of Leverage Companies and Leverage Holdings at the age of 29. David Choi is an experienced businessman and the driving force behind Leverage Companies & Leverage Holdings.

David Choi is the founder of multiple 7+ figure companies, he's done 500+ house flips, manages over $50,000,000 in assets, and credits God for his success after a troublesome childhood.

Before launching these ventures, David built his career with some of the nation's largest development and private equity firms, including Hampshire and Kayne Anderson.

With a robust background, David has been directly involved in thousands of transactions and managed private equity portfolios of over $2 billion in assets under management (AUM). David specializes in capital syndication and innovative finance, excelling in crafting agreements with unique and distinctive capital structures.

Alongside his entrepreneurial pursuits, David shares his expertise as an adjunct professor in the real estate finance department at Rutgers University.

In this edition, we explore David's journey, his insights into cutting-edge financing strategies, and his vision for the future of real estate investment.

Let's take it back...

We're excited to introduce you to David, a true testament to the transformative power of determination and faith in the face of adversity.

David's journey began with humble beginnings, growing up with his mom and brother. In high school, he was known as a troublemaker, often finding himself at the bottom ranks academically. However, his talent in sports earned him a chance at college, where he barely made it.

During his sophomore year, a pivotal moment occurred when a confrontation led to him accidentally knocking out a police officer, resulting in four nights in jail. Facing the possibility of felony charges and expulsion from school, David hit rock bottom. It was during this time that his father intervened, offering him a life-changing ultimatum:

"If I bail you out, you're going to read the Bible with me." This encounter led David to discover faith and a new perspective on life.

Guided by a divine message to "Outwork your Mom until you retire Mom," David embarked on an intense journey of self-improvement. Balancing 90-100 hour work weeks with studying, working, and devouring knowledge, he discovered his passion for real estate as a pathway to financial independence.

David found his community among real estate investors who were achieving extraordinary wealth and living their dream lives. Inspired by their stories, David dove headfirst into real estate investing at just 19 years old, building connections, finding mentors, and never looking back.

He finally found a mentor who advised him to door knock on people who were about to lose their house to foreclosure. While he was working in Corporate America he was determined to keep working and get on the phone with his VA asking how many offers he made working until 2 in the morning determined to retire his mim. He finally had the opportunity to pick up 6 deals which gave him the confidence to finally do it on his own with no money.

From there his confidence led him to start a wholesale business investing and building a team of cold callers and appointment centers. Focusing on SEO and ranking up when it comes to marketing.

Today, David is a successful entrepreneur and educator, advocating that real estate is the most consistent, sustainable, and accessible path to wealth creation. At 29, he's a millionaire, living proof that dedication and strategic investing can turn dreams into reality.

His burning desire is truly inspiring, if you're familiar with "Think & Grow Rich" you know where that desire will take you. Truly loved writing this peace and focusing on escaping that fear and taking that risk.

Peachtree Group bids $42 million for the Hilton hotel at the foreclosure auction.

According to the Atlanta Business Chronicle, the 119-key Hamilton, which is a part of Hilton's Curio Collection, was recently purchased by the Peachtree Group of Atlanta through a credit bid at auction. Property records show that the company, which had lent $40 million to hotel developer Mayfair Street Partners, placed a winning offer on July 2 for $42 million, or about $353,000 per key.

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