Jessie Barter- Charging Into the Future (#127)

Bio Jessie C. Barter founded Charger Ventures (“Charger”), a multifamily investment management platform in the fall of 2018, and Spark Living, the portfolio’s brand, in the fall of 2020. Through Q125, Charger has acquired ~3,000 apartments ($730m AUM) in MA, MD, VA, WV, and CT. Prior to Charger, Jessie was a Managing Director – Acquisitions with Mill Creek Residential Trust and Senior Director of Investments at AvalonBay Communities. Ms. Barter is a director on the National Board for the non-profit Entryways (fka Shelters for Shutters). In 2022, Charger Ventures was drafted into National Multi-Housing Council’s (NMHC) inaugural Summit Advisory Committee’s Program for emerging managers. She is Vice Chair of the Membership Engagement Committee, member of the Finance Committee, and past Vice Chair of NMHC’s Diversity, Inclusion, and Equity Committee. Ms. Barter is a member of ULI’s Multi-Family Council Blue flight and the Young President’s Organization (YPO). Ms. Barter holds a Masters of Business Administration from Darden Graduate School of Business Administration at the University of Virginia and a Bachelor of Science in Business Administration from Georgetown University. She lives in Bethesda, MD. Show Notes Introduction and Current Role Introduction (00:03:00) John Coe overviews the interview with Jessie Welcome (00:04:30) Introduction of Jessie Barter and her role in Charger Ventures. Current Role at Charger Ventures (00:04:50) Jessie discusses her focus on deal flow and equity partnerships. Daily Operations (00:05:10) Description of Jessie’s typical day, emphasizing sourcing deals and equity. Asset Management Oversight (00:05:20) Jessie mentions her involvement in asset management alongside a strong partner. Differentiating Approach in a Competitive Market (00:05:50) Jessie explains their off-market sourcing strategy and rigorous asset management. Origins, Education and First Job Origin Story (00:07:30) Jessie shares her background growing up in Montgomery County, MD. Family Influence on Career Choices (00:08:00) Discussion on her family’s encouragement to pursue real estate over medicine. Lessons from Parents (00:08:50) Jessie reflects on adaptability and attention to detail learned from her parents. Father’s MBA Journey (00:09:00) Insight into her father’s decision to pursue an MBA while practicing medicine. Mother’s Influence (00:10:40) Jessie describes her mother’s strong attention to detail and its impact on her. College Experience at Georgetown (00:11:21) <...