JP Newman

After a successful corporate career as Vice President of Family Entertainment at Sony Home Entertainment, JP partnered with his father, Robert Newman, in building Principals Capital Funding, LLC in 2000 and began arranging equity capital under his father’s guidance. Robert Newman has specialized, and is still active and successful, in owning apartments, office buildings and other commercial assets since 1972.

Biography

In 2005, JP expanded Principals Capital Funding’s presence to Austin, Texas from Los Angeles, California, recognizing the long-term solid fundamentals in the Texas economy.

His first joint venture project in Austin was to arrange the Mezzanine financing and Guarantee for the development of one of the largest climatized storage projects in the U.S., Secured Climate Storage (www.securedclimatestorage.com).

The project was named Austin Business Journal’s “Best Industrial Project for 2007″ and achieved stabilized occupancy within its first 18 months of operations. The project continued to grow with Phase 2 being completed in 2012, and stabilization in its first 9 months.

JP assembled and led the largest land acquisition (476-acres) in Williamson County’s history with his partners, Glenmont Capital and Atlantic Coast Development. JP and his partners successfully negotiated a $48 million PUD and economic incentive from the city of Hutto in 2008.

In 2007, JP led the financing and purchasing of another large mixed-use development along a commercial intersection of the new SH-130, a 275-acre tract located in Lockhart, Texas, connecting Austin to San Antonio. Marketing efforts have recently launched for this Multi-Family, Retail, and Industrial development called “Centerpoint at Lockhart.” (www.cplockhart.com).

Identifying the shrinking credit market early, JP launched First Capital Funding, LLC in 2007 as a private moneylender, arranging hard/private money loans throughout Texas. It became one of the most preeminent companies in Central Texas, successfully funding over $35 million in first trust deeds.

In 2009, JP with Adrian Lufschanowski, had early identified the growing demand for Multifamily housing in Texas and began acquiring a portfolio of 3,000+ units with several strategic operating partners, which in the past 12 months have generated a 10%+ of cash flow across the portfolio, plus strong profits based on the physical and economic improvements that have been created.

After successive years of above industry average returns, JP and Adrian recently rebranded the company to Thrive, FP, LLC to better reflect their efforts to create great apartment communities for their tenant-customers, while maintaining solid profits for their investors.

JP is a licensed broker in California and an agent in the State of Texas. He was President of CCIM’s Central Texas Chapter in 2010, leading over 270 local members. A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate and must pass all the courses and transaction requirements, as well as a comprehensive final exam. Of the more than 150,000 commercial professionals in the United States, only an estimated 6 percent hold the CCIM designation.

JP is a graduate of the University of California, Los Angeles (UCLA) and is an avid mountain biker and boater. He and his wife, Janet, enjoy spending quality time with their two boys.

JP about The Elevation Group:

"The Elevation Group" properly does what so few financial advisors are willing to do: (Because they would be out of a job!!) They simplify and empower it members to make smarter financial decisions, changing fortunes and quality of life for so many people. Bravo!!! We all deserve the respect to get the right advice and strategies to live well and be treated with respect from a trusted source. Many EVG clients have told me how their association with EVG and their discovery of our Real Estate strategies through EVG have made such a meaningful difference in their lives. We are humbled and blessed. Thank you EVG.