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Walter's journey in the real estate industry began in April 1986, marked by the acquisition of his first multi-family property near Otterbein College in Westerville, Ohio. His early success and passion for real estate, particularly in campus housing, led him to amass 168 units near Otterbein College and the southern corridor of Ohio State University within just four years.
In the mid-90s, Walter shifted his focus to the mortgage banking sector, founding Midwest Mortgage Corporation in Cincinnati, Ohio. Specializing in the wholesale mortgage market, the company embraced emerging technology to enhance efficiency and reduce operational costs. Following the successful sale of Midwest Mortgage, Walter relocated to the Florida Gulf Coast, where he founded Ideal Development. Capitalizing on the vibrant real estate market, he strategically acquired, entitled, subdivided, and sold multiple parcels to major builders.
Walter's keen business acumen became evident during the 2008 real estate collapse when he identified opportunities others overlooked. In 2010, he founded Alvani Capital, leading a group of investors to raise over $125,000,000 and establish a private real estate trust. Leveraging his understanding of the local market, strong negotiation skills, and ability to recognize potential value, Walter's leadership yielded an impressive Internal Rate of Return (IRR) in excess of 20% upon the trust's liquidation in 2015.
In 2016, Walter embraced a unique opportunity to share his expertise nationally, training thousands of investors across major US markets while simultaneously expanding Ideal Development and Alvani Capital. Today, Walter Novicki stands as one of the three founding members and serves as the Chief Investment Officer at Freedom Venture Investments, where he oversees all aspects of the acquisition, development, and management processes. His remarkable journey exemplifies a commitment to excellence, strategic vision, and a relentless pursuit of opportunities in the dynamic realm of real estate.
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