Navid Meghji has been hooked on real estate ever since buying and flipping a downtown Vancouver condo while he was still a student.
“That’s actually how I funded business school – through the sale of that condo,” he said. “That experience made me realize that real estate was where I wanted to be.”
With academic training in accounting, business and real estate development under his belt, Meghji has put together several $100 million deals while at Capital Now Ventures Corp., Grosvenor Canada and Retirement Concepts.
He was brought on board at Retirement Concepts to diversify the company’s investment portfolio and assets. The B.C. company develops housing and hotels for seniors.
“Now I get to run an acquisitions team to buy real estate in Canada and the U.S., which for me is a dream job,” he said.
Meghji has recently overseen the acquisition of projects in Los Angeles and Phoenix and has added offices and multi-family properties to the company’s assets.
Between working at Grosvenor and starting at Retirement Concepts, Meghji started up a tech company with a friend from high school, Shafin Diamond. Members of SaveEveryday.com receive coupons for everyday items; proceeds from the memberships go towards fundraising for local schools.
Meghji took over finding investment funds for the company when he didn’t like the terms other investors were offering his friend. He continues to be involved with the company. •