140: JP Newman Built a $1.8 Billion Business Changing People’s Lives

Aug 25, 2024

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Imagine making a profit while also making a difference.

Many people believe that’s not possible, that these two things are mutually exclusive. But this mindset is holding back progress!

Today, Brad Weimert sits down with JP Newman, the founder, CEO, and managing principal of Thrive FP. Thrive FP is a real estate company specializing in the syndication and management of multifamily apartment units.

Thrive FP integrates the principles of conscious capitalism into its business model, ensuring that all stakeholders—investors, residents, and employees—benefit from their operations. This approach emphasizes both profitability and social responsibility.

Brad and JP discuss his transition from the entertainment industry to real estate and how to create businesses that make a profit and a difference.

Tune in!

Key Takeaways:

00:00:00 Is college worth it?
00:04:12 Parenting advice
00:06:54 How JP got to where he is now
00:09:53 Transitioning from entertainment to real estate
00:30:20 Discovering purpose through depression
00:41:26 Creative capitalism and integrating purpose into business
00:47:35 The future of JPs real estate business
00:52:55 The current state of the multifamily market
01:10:43 Outro

Additional Resources:

➡️ Check out ThriveFP ➡️ Investing On Purpose Podcast ➡️ Follow Investing On Purpose on Instagram ➡️ Read About Conscious Capitalism

➡️ Learn more at: https://beyondamillion.com/

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