Real estate professional, Jonathan Shechtman, serves as the portfolio manager for Axonic Capital LLC residential assets team.
Jonathan Shechtman is a portfolio manager with Axonic Capital LLC. He believes the key to his success lies in his focus on building strong relationships with the senior managers and executives of local companies and operating partners. Additionally, Shechtman benefits from his targeted approach and focus in South Florida real estate.
Jonathan also believes that his professional timing has always been good. He got into distressed real estate at just the right time, and the markets have so far been kind to him.
The company for which he works, Axonic Capital LLC, is a financial services firm located in New York that specializes in structured credit hedge fund strategies. The residential assets strategy was first launched in June 2012 and currently owns and operates over 300 units in the Florida area, specifically in Palm Beach County and Collier County.
He has much experience to bring to the table, career-wise. Before he joined the Axonic team, Jonathan Shechtman co-founded and operated two distressed real estate funds in the southwest region of Florida. His first fund, formed in 2009, purchased, reconditioned and sold foreclosed single-family and multifamily assets in Naples. His second fund, formed in 2011, focused on buying multifamily properties to capitalize on high rental yields. In addition, he previously worked as an asset manager at Meritage Properties, a New York-based private equity fund.
Jonathan holds a bachelor’s degree in management and finance from Bucknell University.
Jonathan Shechtman is a long-time real estate professional and investment expert, currently serving in a portfolio manager position with Axonic Capital LLC. Though the company is based in New York, Shechtman focuses on real estate opportunities in Florida, mostly in the southern part of the state. Additionally, he emphasizes relationship building, in particular with the managers and key executives at his corporate clients. All of this adds up to make him a uniquely qualified and successful real estate investment professional—one who brings much to the table in terms of unique career experience.
Jonathan is not new to the world of real estate. He first got into the field years ago when he took up house flipping, the act of buying foreclosed homes, fixing them up, and selling them for a profit. From this point he continued to grow and develop, gaining experience in building revenue and proving himself to be savvy within the industry. His early experience as a house flipper is what paved the way to his later success.
Today, Jonathan Shechtman serves as the portfolio manager for Axonic Capital's residential assets strategy. Axonic Capital LLC is a financial services firm located in New York that specializes in structured credit hedge fund strategies. The residential assets strategy was first launched in June 2012 and currently owns and operates in excess of 300 units in Florida, primarily in the Palm Beach County and Collier County areas.
His real estate investment experience dates back to before his Axonic days. Prior to joining the company, Shechtman co-founded and operated two distressed real-estate funds in the southwest region of Florida. The first of these funds was developed in 2009; through it, Shechtman purchased, reconditioned and sold foreclosed single-family and multifamily assets in Naples, Florida. The second of these funds was formed in 2011, and it focused on buying multifamily properties to capitalize on high rental yields.
Jonathan Shechtman was also previously an asset manager at Meritage Properties, a New York-based private equity fund managing $600 million of real property. At this firm, he managed four properties totaling approximately 100,000 square feet.
For all of these diverse and important experiences, it is his work at Axonic Capital that he finds to be most rewarding. There is good reason for this: Axonic is a well-regarded trading and investment firm, founded in 2010 by Clayton DeGiacinto. An increasingly successful company, Axonic currently manages roughly $1.6 billion in assets and employs a staff of over 28 people, among them traders, analysts and administrative personnel.
Axonic offers many services and employs many strategies, but for the purposes of discussing Jonathan Shechtman, the important thing to consider is the firm’s real estate strategy. The firm focuses on acquiring distressed assets that produce current income, or else on assets that are currently undervalued and can be repositioned and enhanced through cost-effective repairs and capital improvements.
More specifically, Axonic works to acquire single-family and multi-family properties in targeted core markets in Florida. The team also seeks to invest in mismanaged portfolios of distressed real estate properties, non-performing promissory notes and other debt obligations relating to real estate assets, condominium projects, commercial retail properties or land held for further development. Sometimes these strategies involve geographies beyond Florida, though it is the Sunshine State on which Axonic and Jonathan Shechtman primarily focus.
There are other services that the company provides, including mezzanine financing strategies, fixed income systematic arbitrage strategies and structured credit strategies.
All of this adds up to paint a picture of Shechtman as a multi-talented and multi-experienced real estate professional. He has been involved with the industry in many different ways, and today he is proud to work for a leading firm. Jonathan is adept in his professional life, and he is committed to delivering value to his clients.
What does the future hold in store for Jonathan Shechtman? It is impossible for any man to predict what the coming days will bring, yet prudent professionals have goals and objectives in mind—and Jonathan is no exception. Certainly, he has professional aspirations that he hopes to see flourish in the months and years to come.
In some ways, his goals involve continuing to do what he is already doing. Jonathan enjoys his work, is satisfied by it, and feels that he is able to offer great services to his clients. He plans to continue offering all current services, and to keep focusing on building strong relationships with his investment clients.
He also hopes to continue expanding his real estate interests. Jon aims to invest in more and more multifamily homes in the years to come, as this is a rapidly growing trend within the real estate industry. In addition, he will remain in the South Florida region, continuing to focus on the many wonderful opportunities that this prosperous market presents.
For as much as he wants to continue doing what he is doing, Shechtman also understands that this is an industry that evolves at a rapid pace. He hopes to continue to change his strategies and investments as the industry itself changes. Rather than remain static, he hopes to prove adaptable and flexible as needed.
All of this is simply to say that Jonathan Shechtman is committed to his career, and committed to his clients—and hopes to continue serving them as ably and as excellently as possible.