The key to success in any Real Estate venture is conservative underwriting. In a super competitive environment, it’s easy to convince yourself to believe unrealistic assumptions in order to bid high enough to win a deal. This can cause major heartache when surprises occur, and the market doesn’t fully cooperate. Zamir Kazi, founder of ZMR Capital, has acquired 33 large multifamily properties over the past few years with private equity. Although Private Equity partners can be more demanding of General Partners, Zamir has welcomed the partnership for the valuable input they provide and the healthy accountability they require.