EP274 Syndicating "Hamilton" and other Broadway Shows with Matt Picheny
One of the greatest pleasures I’ve had over the past 10 months while staying home to avoid Coronavirus, is watching the Broadway Hit Hamilton over & over on Disney Plus with my 11-year old daughter. But until I met today’s guest, I didn’t realize that Hamilton and other Broadway plays are often syndicated just like apartments and other real estate investments.
That’s why I’ve really been looking forward to talking with Matt Picheny today. Matt is the Managing Partner at MJP Property Group, has invested in over 6,000 apartment units, and is primarily focused on acquiring and repositioning multifamily communities.
Matt is also a marketing veteran whose 20-year New York City career spanned several of the world’s largest advertising agencies. Matt and his wife are also Tony-nominated producers whose theatrical investments have included Hamilton and an international tour of Wicked. They are currently co-Producers of the Broadway shows Moulin Rouge! And American Utopia.
Today Matt is going to share how both Lin Manuel-Miranda and Robert Kiyosaki motivated him to leave the corporate world and become a syndicator, how he asset manages his apartment investments and oversees the KPIs (Key Performance Indicators), and the type of property he invests in.
Matt also goes into fascinating detail on the fundamentals and economics of investing in Broadway productions and shares the story of how he and his wife became early investors in Hamilton.
Whether you’re a theater lover or real estate investor, you’re going to love listening to Matt’s stories and experiences. You can find out more about Matt and the book he’ll soon be releasing by going to www.MJPinv.com
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.