Carrying The Rock With Steve Vecchitto

Carrying The Rock With Steve Vecchitto
Episode 789 | 10.09.24

In this episode of Fried On Business, Jim Fried sits down with South Florida real estate veteran Steve Vecchitto, founder of Avenir. They dive deep into multifamily real estate investing, Avenir’s unique culture, and the importance of long-term relationships in business. Steve shares his insights on sustainable housing, his team-first philosophy, and why he prioritizes high-net-worth investors over institutional capital. Tune in for a conversation that blends real estate expertise, mentorship, and a vision for building community-driven projects.

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About Our Guest:

Stephen Vecchitto founded Advenir, Inc in 1996 and is its Managing Director. Advenir is a multi-family real estate investment, development and management company. Advenir currently controls and owns jointly with investors over 13,000 plus units, valued in excess of $3.3B of real estate assets in Florida, Texas, Colorado, Alabama, Georgia and the Carolinas, and generates $230M+ in annual revenue. The Company has over 400 employees, is based in Miami, Florida, and has offices in Atlanta, Houston, Denver and Orlando.
 
Mr. Vecchitto was the founder of VSM, LLC; a Hartford based Certified Public Accounting and financial services firm. The firm grew to 40 professionals and became the fifth largest private firm in Hartford. While at the firm Mr. Vecchitto was the Managing Partner, created and grew the litigation support division, concentrated on mergers and acquisitions, became certified as a Certified Fraud Examiner, and an Accredited Member of the Association of Appraisers – Business Valuation concentration. He was qualified to testify as an expert in both State and Federal courts. Mr. Vecchitto sold the Firm in 1996.
 
Stephen continues to be a strategic advisor to businesses and high net worth individuals.
 
Mr. Vecchitto dedicates much of his spare time and is very active in the business community at large and philanthropy. He is an Associate Board of Director for Apartment Life, participates on the Advisory Board of City-to-City Miami, and is a Cornerstone Member of Make-A-Wish Foundation in South Florida.
 
He is the father of two daughters and the proud grandfather of six grandchildren who all live in Hawaii.

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Jim Fried has been a real estate business person since 1980 and has had his own radio show since 2009.

Mr. Fried specializes in capitalizing commercial real estate transactions, unearthing urban land opportunities and is also a private lender.

He has been active in the real estate industry for many years as a financial intermediary, broker and investor. He has experience with many property types including, but not limited to: apartments, condominiums, retail centers, office buildings, industrial parks and health care – with a special focus on memory care.

Jim has closed over $3BB in real estate transactions during his career in markets across the eastern US.

Jim uses his communication skills to inform and entertain on his weekly podcast show – Fried on Business. Of course, the show discusses real estate, but he also tackles issues such as branding, sports business, philanthropy, entrepreneurship, public private partnerships as well as health and wellness.

He is also a mentor to many up and coming people in the real estate industry through his membership on the Board of The University of Florida’s Bergstrom Center for Real Estate Studies.

Mr. Fried is a winner of the Miami-Dade Public School Alumni Achievement Award.

Contact Jim via email at jim@friedonbusiness.com