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"The Engineers Guide To Wealth"
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Joseph Bramante landed in the multifamily real estate industry by accident. In 2010, two years after the US housing market collapsed, he was working as a business team lead for ExxonMobil in Papua New Guinea. His colleagues were investing in real estate, and Joseph’s interest was piqued. With a bachelor’s degree in Civil Engineering and 4.0 in mathematics, he had always been a numbers guy.
He developed a spreadsheet and estimated he would need a loan for $3M to buy 80 rental houses over a two-year period. Bank after bank laughed as he tried to secure a loan from the other side of the world to finance the acquisitions, but one lender said, “Why don’t you buy an 80-unit apartment complex instead?” In 2011, he purchased his first multifamily property, sight unseen, while still living in Papua New Guinea. It was supposed to be a private investment, but it morphed into a business.
In 2016, they rebranded under the name TriArc, establishing the foundation on which to build a wholly integrated multifamily investment company with the goal of acquiring over 20,000 units in the next 10 years.
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