Developing Rental Housing in Multiple States with Ray Mazzie

Episode Overview
In this episode of The Land Development Podcast, host Ryan Glick chats with Ray Mazzie, the Managing Partner at Southern Waters Capital. Ray shares his journey from aspiring Navy officer to successful real estate developer, offering a unique perspective on the industry. He dives into the core operations of Southern Waters Capital, explaining their focus on ground-up rental housing development and the strategic approach they employ to navigate different market cycles.
Ray discusses the importance of adaptability in the ever-changing real estate landscape, highlighting their work across various states, including Tennessee, the Carolinas, Georgia, and Florida. He emphasizes the need to understand local markets and the factors influencing investment decisions, providing valuable insights for anyone interested in real estate development.
The conversation also touches on Ray’s background, from his days as a college athlete to his transition into law and business school. He explains how his initial career in law helped him develop a solid understanding of real estate and zoning codes, which later became instrumental in his real estate ventures.
Towards the end of the episode, Ray talks about the challenges and rewards of running a dynamic real estate development firm. He shares his approach to maintaining a strong deal pipeline, the importance of client feedback, and the role of teamwork and mentorship in his career.