Beth Azor now owns and manages five shopping centers valued at more than $80 million – but says the road to get there wasn't necessarily a direct one.
"I was asked by my boss to invest as a limited partner many times before I actually did," Azor, founder and CEO of Azor Advisory Services, a leading CRE advisory and investment firm based in Weston, Fla., tells GlobeSt exclusively. "I was scared and really unfamiliar with investing in shopping centers. I thought since I invested in mutual funds and my 401K I was doing enough. I think I felt that way because I didn't know any women that invested in commercial real estate."
Her boss took Azor and her then-husband to a bank and co-signed a $40,000 loan for us to invest the minimum of $50,000 required for her first asset. Her parents loaned her the other $10,000. And that investment, Azor says, was "wildly successful."
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