He knows INVESTMENTS! Stacy Chitty Managing Partner of Blue Vault Partners LLC
Manage episode 311145568 series 3084887
He knows INVESTMENTS! Stacy Chitty Managing Partner of Blue Vault Partners LLC
I've always said that you know, take any corporation in America, they didn't start out the way that they are today. It took a long period of time to develop into what they are today. Blue Vault is no different. We started out with one idea, a simple idea. We gonna cover non-trading REITs and we gonna tell a little bit about their performance metrics and we gonna keep advisors and broker-dealers and asset managers and others in the industry better informed. That was the one singularly focused idea that we had but we've obviously grown from that point in time and we had to. If we did not adapt, then we wouldn't be here today.
- So Stacy, thank you so much for coming up. I'm so super exited about this episode and the reason why is because, when we talk about investing, we talk about REITs and a lot of things like that so, I wanted to kinda get to know you a little bit. So, give me your background, how did you get started on this?
- Now okay well, thank you for being here Chris, I appreciate it. I've been in the industry about 23 years. I started in January of 1997. So, I joined a firm based out of Norcross called Wells Real Estate Funds and really didn't know what I was getting into when I joined the firm. I knew it had something to do with real estate and something to do with investing and I liked the aspect of both.
- [Chris] Yeah.
So, the German by the name of Leo Wales that I had known for a few years and that's how I originally got into the industry and I learned or found out that I enjoyed it.
- Did you like study finance or how did you before that?
No, I did not study finance. I was a, it's really not what we do financiers is technically not yet but I was, I had just recently worked for someone at the time who was a former Congressman well, who was a Congressman, Saxby Chambliss was a former US Congressman. He later became senator of Georgia. But I was his finance director. That's just a fancy word for helping him raise capital, helping him raise money sorry, not capital, helping him raise money for his re-election and so, that's one of the ways that I had gotten to know Leo and I had an interest in politics but didn't wanna work in it any longer. So, I left and Leo was one of the first individuals that I called. So I remember, the Executive Director of Wells, he like told me one day, " You know Stacy, this is really not, "you know this is "really not real estate, "this is more about investors, "this is more of the "securities industry." So, I had a big learning curve but that was interesting to me, it was a pivot from politics into the securities industry and that's how I got started.
- Hmm, so specifically, so let's talk about that like, what does that look like as opposed to just like buying a house or like those types of like, buying just properties and renting them out? Like what is that, when you are investing in securities and doing that type of stuff?
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