FortuneBuilders
FortuneBuilders, Inc. is a United States-based real estate education company headquartered in San Diego, California.
With over 500 employees,[1] FortuneBuilders provides real estate investing education to both new and experienced investors. FortuneBuilders is known for its live education events, one-on-one coaching program, and online learning platform.
History
FortuneBuilders was founded in 2006 by Than Merrill, Paul Esajian, and Konrad Sopielnikow. The team had first established CT Homes LLC, a real estate investment company, in 2004.[2] Merrill and his business partners successfully flipped their first investment property in 2005.[3] Together with CT Homes, Merrill, Esajian, and Sopielnikow continue to rehabilitate properties across the US.[4]
In 2007, FortuneBuilders founders were featured for the first time on A&E’s Flip This House, a popular television program that follows real estate investors through an entire property rehabilitation.[5]
FortuneBuilders relocated from New Haven, Connecticut to San Diego, California in 2009 when the founders were ready to expand their business nationally.
FortuneBuilders' founders started their own real estate brokerage company, Realty National, in 2011. Realty National houses over 40 agents and differentiates itself from other brokerages due to its focus on partnering with real estate investors.[6]
In 2015, FortuneBuilders publicly announced company-wide growth. CEO Than Merrill reported a record-breaking increase in the number of enrolled FortuneBuilders students and also announced FortuneBuilders' partnership with Realeflow, a real estate lead source software company.[7]
Most recently, FortuneBuilders launched WealthFit.com,[8] an online learning platform designed to educate members on financial literacy and entrepreneurship.
Investment fund
In 2013,[9] FortuneBuilders founders established Grand Coast Capital (GCC), a real estate private lending and investment firm based in Boston, Massachusetts. GCC privately lends to real estate investors, operators, and developers nationwide, specializing in generating attractive, risk-adjusted returns.
At the beginning of 2015, GCC launched its first direct commercial real estate investment, and by the end of 2015, its first investment fund surpassed $50 million in assets under management (AUM).[10]
At the beginning of 2016,[11] GCC was awarded SBRE fund manager of the year. By the end of 2016, GCC established its second Regulation D 506(c) fund, open to qualified accredited investors.
In 2017, Grand Coast Capital relocated to Quincy, Massachusetts.
Philanthropy
Launched in 2013, FortuneBuilders Gives is FortuneBuilders’ initiative to create opportunities for their employees, students, and local communities to get involved in philanthropy.[12]
In 2015, FortuneBuilders launched its first Future FortuneBuilders (FFB) two-day camp in Atlanta, Georgia, educating teens on financial literacy and entrepreneurship.[13]
Awards and recognitions
FortuneBuilders' CEO, Than Merrill, was a finalist for "Most Admired CEO" by the San Diego Business Journal in 2012.[14] Chief Financial Officer Paul Esajian was a finalist for "CFO of the Year" by the San Diego Business Journal in 2014, 2015, and 2017.[15][16][17]
FortuneBuilders has been featured on the Inc. 500 list multiple years in a row.[18]
References
- ↑ "FortuneBuilders Glassdoor".
- ↑ "CT Homes - About Than Merrill".
- ↑ "FortuneBuilders - About".
- ↑ "CT Homes - About".
- ↑ "Flip This House IMDB".
- ↑ "Realty National - About".
- ↑ "SD News - FortuneBuilders". San Diego Community Newspaper Group (SD News). 9 May 2016.
- ↑ "Wealth Fit".
- ↑ "Crunch Base - Grand Coast Capital".
- ↑ "Grand Coast Capital - About".
- ↑ "SBRE".
- ↑ "FortuneBuilders Gives - About".
- ↑ "SD News - FortuneBuilders Gives". San Diego Community Newspaper Group (SDNews). 28 May 2016.
- ↑ "Than Merrill - SDBJ CEO".
- ↑ "SDBJ CFO Finalists 2014".
- ↑ "SDBJ 2015 CFO Finalists" (PDF). San Diego Business Journal. Spring 2015.
- ↑ "SDBJ CFO Finalists 2017" (PDF). San Diego Business Journal. Spring 2017.
- ↑ "INC 500 - FortuneBuilders Profile".
External links
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