REFI TV: Jim Wacht, Lee & Associates
Jan 14, 2014
- Samantha Rowan
Jim Wacht, head of brokerage Lee & Associates New York office, has worked out how to keep hold of his brokers in an increasingly competitive environment. The firm buys properties for its own account alongside its investment sales brokerage business. I wanted to make real estate opportunities available to brokers. It makes it harder for them to leave the company, he said.
Wacht is playing hardball across the board, aiming for a 50% increase in revenue this year from 2013. Its aggressive but achievable. Wed [also] like to open a Brooklyn office. Were very bullish on Brooklyn, he said.