Developing Over 5 Million Square Feet of Real Estate

[Charles Carillo]

Ari Rastegar is the CEO and founder of Rastegar Property Company LLC located in Austin, Texas. Before starting the company, he was a successful real estate investor and lawyer. Despite the economic depression that has been caused by the covid-19 pandemic, Ari has been able to close more than 11 major commercial deals. This is perhaps because his firm mainly purchases recession resilient assets.

In the podcast, Charles and Ari discuss the latter’s life experiences and background. He also highlights how he got into the real estate development sector, and how he managed to remain afloat therein. Ari and Charles also discuss the prevailing economic environment, bearing in mind the recession that has been caused by the pandemic. The duo also discusses several real estate development projects that Ari’s company is pursuing presently.

While discussing the economy, Ari points out that it is approaching an inflationary environment. However, while this is a fact, Ari believes that the effects of the inflationary environment, like Mark Twain’s death, have been exaggerated. Despite the challenges that have been forecasted, Ari reassures his clients that his company remains true to its core principles, which is not to lose money. They also discuss some of the mistakes people in the real estate development sector make. In response to the question, Ari points out that it is difficult to pinpoint a mistake in the sector. He notes that he has seen people make decisions that appear to be stupid then later see them succeed based on those ideas. However, from a holistic perspective, Ari thinks that the biggest mistake investors and entrepreneurs in the real estate development sector make is operating from a point of self-interest.

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