In this episode, Paul Dio talks with Stephen Nalley CEO of Black Briar Advisors and Author of
Relentless pursuit, developing affordable housing, being a veteran, and how that shaped him for the careers he has taken on.
In this episode, we cover some of Stephen’s four foundations and principles. Also how to pass your 50% point. Stephen has big plans for his future in commercial real estate to convert hotels into affordable housing.
Stephen Nalley is the Founder and Managing Partner of Black Briar Hotel Group and Black Briar Advisors. Black Briar is a uniquely positioned full service real estate investment company that specializes in the acquisition, financing and management of distressed hotel & resort assets. Black Briar and its Managing Principles have significant transactional experience and are experts in all phases of the acquisition and asset management process. This includes deal structuring, contract negotiation, due diligence, underwriting, raising and closing on debt/equity capital structures, asset management and property management. Black Briar and its principals have been directly responsible for over $4.5 Billion of real estate transactions which includes the acquisition and disposition of over 200 Hotel & Resort Assets.
Prior to Founding Black Briar, Mr. Nalley was the Chief Operating Officer and Chairman of the Executive Committee for Ocean Waters. Ocean Waters was a multifaceted real estate investment company, which consisted of over 129 separate entities, 79 real estate assets, 45 operating hotels, and various office, retail, and residential components. Mr. Nalley was responsible for the day-to-day leadership and general management of the company. Mr. Nalley assisted Ocean Waters and its Principals in creating over $1 Billion in value by acquiring nonperforming Hotel & Resort assets and leading them to profitability.
Prior to his civilian career, Stephen Nalley served in the United States Army as a light infantry squad leader and commando with the 10th Mountain Division’s Special Troops Battalion. Mr. Nalley was honorably discharged and is a disabled service-connected veteran.
Stephen Nalley received a Bachelor of Science Degree in Healthcare Administration from the University of North Florida, and earned his MBA and DBA from the University of Atlanta and a Law Degree from Washington University School of Law.
He is also a Certified Hotel Administrator through the American Hotel & Lodging Association and received Graduate Certificate’s from Cornell University in Executive Leadership and Hospitality Management.