Richard Arnitz Named President of Megatel Capital
Megatel Capital Investment, the capital markets division of Megatel Homes, hired Richard Arnitz, a 30-year veteran of the financial services industry, as president of the company.
“Richard’s experience in real estate investment and capital raising will serve us well as we expand our capital markets division,” said Zach Ipour, co-founder and co-president of Megatel Homes and Megatel Capital Investment. “We are fortunate to welcome an accomplished professional of Rich’s caliber to our team. He will oversee strategic sales, service and marketing of Megatel Capital Investment to help grow overall sales and build out our platform of products.”
Arnitz has helped raise in excess of $17 billion in both public and private securities offerings during the course of his career. Prior to joining Megatel Capital Investment, he was executive director with Realty Capital Securities, president and chief executive officer of Grubb & Ellis Capital Corporation and president of Cole Capital Markets. Prior to Cole, he worked on both the broker-dealer and product manufacturing sides of American International Group.
Arnitz earned his bachelor’s degree in finance from Arizona State University and currently holds FINRA Series 7, Series 24 and Series 63 licenses.
Megatel Capital Investment funds help fuel the construction of homes built by Megatel as an additional source of construction financing. Megatel Homes has built more than 100 developments, consisting of 2,700 homes, in the state of Texas since its founding in 2006.
