Aztec Group Welcomes New Managing Director

Peter Mekras, managing director

Aztec Group, a real estate investment and merchant banking firm, added Peter Mekras as managing director. In this new role, Mekras will specialize in sourcing investment sales, debt and equity transactions for investors and developers throughout Florida, focusing on the multifamily and housing sector.

Mekras brings more than 15 years of commercial real estate experience to the company. He joins Aztec Group from CREC, where he served as senior vice president and grew the brokerage and capital markets team. In this position, Mekras originated and closed more than 100 transactions encompassing just less than $1 billion. Prior to working at CREC, he spent five years at Aztec Group, where he began building his expertise in selling and financing multifamily properties.

Continued career growth

Mekras’ extensive industry background includes more than $1.8 billion in closed sales and capital market transactions involving apartment communities, fractured condominiums, developed lots, land, retail and office space. Recently completed transactions include the $108 million debt financing of the 497-unit Melody Tower, one of Miami’s tallest buildings, and the $36 million bulk condominium sale of 374 units in The Ellington in Miami Gardens, Fla.

“We are proud to have Peter return to Aztec Group after a 10-year period of continued career growth that has led him to become a top multifamily investment sales broker in South Florida. He was an important member of our team 10 years ago and now will be much more involved in expanding our investment sales capabilities,” said Ezra Katz, chairman & CEO of Aztec Group, in prepared remarks.

“Peter will strengthen Aztec Group’s capabilities in investment sales and within the all-important multifamily sector from day one, opening the door to new clients, financing sources and sale opportunities,” added Charles Penan, executive vice president of Aztec Group.

Mekras holds a Bachelor of Business Administration degree in Real Estate Finance from Southern Methodist University in Dallas. He is an active participant in the University of Miami’s Mentor Program and the Legal Services of Greater Miami Foundation’s Investment Committee. Mekras is also a licensed real estate broker-associate and mortgage originator in the state of Florida.

Image courtesy of Aztec Group