Brad is the Founder and Managing Partner of Petra Capital Properties and a Registered Representative of Patrick Capital Markets. He has been in the investment real estate industry for over 30 years. He has participated in more than $10 Billion in public and private real estate offerings, including over $2 Billion in fractional 1031 exchange programs.
Brad started his career as a real estate investment banker providing real estate financing to franchisors and franchisees of national restaurant chains. At 25, Brad and his wife (Meshell) became the youngest multi-unit Wendy’s franchisees in the system. After selling their restaurants, Brad returned to his career as a real estate investment banker, specializing in structuring and managing single-tenant net lease funds and limited partnerships.
In 2004 Brad became the Managing Director of a national real estate firm that structured and managed 1031 DST (Delaware Statutory Trust) and TIC (Tenant in Common) offerings for 1031 exchange investors. He helped structure and place nearly $1 Billion in fractional 1031 exchange programs, and was an early pioneer of the multi-property DST offering structure, coinciding with the IRS issuance of Revenue Ruling 2004-86. In addition to co-ownership DST and TIC offerings, Brad also worked with numerous large-scale 1031 investors to structure customized 1031 acquisitions for separately-managed accounts.
Today, Watt’s company, Petra Capital Properties, arranges diversified 1031 portfolios for accredited investors seeking passive real estate investment strategies. As a boutique real estate investment management firm, Petra focuses on institutional-quality assets and uses risk factor-based analysis for optimized asset allocation and risk management. Brad empowers investors with a proprietary technology platform that offers unique access to high-quality 1031 replacement properties with personalized portfolio construction.
Having experienced numerous business cycles and four recessions, Brad understands the importance of managing value-at-risk and preserving income in every economic cycle. Petra’s risk management model is designed to stress test each 1031 DST investment and portfolio allocation for optimized risk and return. Brad believes in purpose-driven investing with an emphasis on capital preservation and consistent cash distributions to investors. His two-fold mandate is simple – “Preserve Capital and Protect Income.”
Brad and his wife, Meshell, live in Colorado Springs with their two dogs. They have three grown children. Brad enjoys hiking, weightlifting, and motorcycles in his free time.