DALLAS, Jan. 11, 2017 /PRNewswire/ -- Megatel Capital Investment, the capital markets division of Megatel Homes, announced today that Richard Arnitz, a 30-year veteran of the financial services industry, has joined the company as president.
"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 extensively 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. He currently holds FINRA Series 7, Series 24 and Series 63 licenses.*
About Megatel Capital Investment
Megatel Capital Investment is the capital markets division of Megatel Homes Inc. Megatel Capital Investment funds help fuel the construction of homes built by Megatel as an additional source of construction financing. Founded in 2006, Megatel Homes has emerged as one of the most successful homebuilders in the state of Texas. The company has had considerable growth, with more than 100 developments, consisting of 2,700 homes, since its founding. The Dallas Business Journal recently ranked the company third in North Texas homebuilders based on local housing starts in 2014.
*Arnitz currently holds his licenses with Emerson Equity LLC, a FINRA-registered broker-dealer and member FINRA/SIPC. Emerson Equity is the managing broker-dealer for Megatel offerings, but is not affiliated.
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SOURCE Megatel Capital Investment