JF 3868: Class A Success, Off-Market Deals, and Multifamily Resilience ft. Judd Standage

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 7 April 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Best Ever CRE Show, Joe Fairless interviews Judd Standage, founder of Aztex Management Group, who shares his journey from an IT career to owning and managing a 1,000-door multifamily portfolio. Judd discusses lessons from his first heavy value-add deal, why he shifted toward stabilized Class A and B+ properties in tertiary markets, and how his partnership with a longtime friend allows them to efficiently manage their entire operation. He also shares creative strategies to boost NOI, such as fenced yard upgrades and joint ventures on renters insurance. Judd opens up about current capital-raising challenges and how their team is navigating a more cautious investor landscape. Judd Standage Founder Based in: Austin, Texas Say hi to them at www.aztexmgmt.com Capital Gains Tax Solutions vikingcapllc.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Are you an accredited investor seeking a premium opportunity in one of Arizona's hottest real estate
0:05.0	markets? Then elevate your investment portfolio with Viking Capital's newest class A
0:10.2	development opportunity. Peoria Gateway. Peoria Gateway is a luxurious 200-unit apartment community
0:17.0	set to debut in 2026. It offers modern luxury living with resort-style amenities
0:22.9	in a rapidly growing city of Peoria, Arizona. Why Peoria? This vibrant community along
0:29.3	the growth corridor to Phoenix is experiencing a clear housing shortage, especially for newer
0:34.2	commendity-rich rentals. Limited supply, growing demand, and a rising population
0:39.8	create ideal conditions for strong absorption,
0:42.4	premium rents, and long-term appreciation.
0:45.8	Backed by a track record of $800 million in assets
0:49.0	and over 5,000 units, Viking Capital is your path
0:52.6	to golding wealth through real estate. To learn more about Viking Capital
0:56.8	and the Peoria Gateway and thus been an opportunity, which is Adele before you right now, quick link in the show notes and get started today.
1:05.5	All right. Well, welcome everyone. And if you're joining us live, welcome. And Judd, looking forward to our conversation,
1:12.3	my friend. I read a little bit about your background before our call and best ever listeners
1:17.9	a little bit more about Judd Standage. He is the founder of Aztec Management Group. Focuses on
1:25.2	multifamily syndications. He's got eight apartment, or excuse me, six apartment
1:29.6	communities, about a thousand doors. With that being said, Judge, you want to give the best
1:34.7	ever listeners a little bit more about your background and your current focus? Sure. So I have a
1:40.5	long background in IT. I went through the terrible late 90s and early 2000s.
1:47.8	And I laid off probably about 100 people in IT, a 2008 timeframe.
1:55.1	And in the back of my mind, I kept thinking, it's going to be me pretty soon.
	...

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