In order to create a valuable market, you must be able to see what others cannot…and be disciplined enough to wait for the bet to pay off. For Dave Fleishman, entrepreneur, land investor, and market maker, entering real estate was a choice inspired by sage advice from his father.


“He always told me, if you want a good job, be in the food or the real estate business, those are two things people will always need.”


Dave started his career at 22 years old. When he arrived in Chicago, he bought up units in some of the roughest neighborhoods in the market at the time. Without the capital to purchase his own buildings, he purchased land.


“I noticed early on that when investors go into an emerging market, they tend to place a heavy emphasis on brick and-mortar and undervalue the vacant land.”


Undervalue may be an understatement – the first piece of land Dave ever acquired was just given to him by the seller! (For those of you that know Chicago, that neighborhood…Wicker Park).

Today, Dave has turned those early lessons into an investment group that buys large inventories of land in emerging markets all throughout the city of Chicago.


“If you’re in early enough, and you’re invested heavily enough, you actually get to have an influence on how the neighborhood develops – from commercial and retail developments to the type of housing stock. And that’s an important component to making sure the investment is sound and that the community develops to its fullest potential.”


“Working with Renovo is like having access to your own development Think Tank”


Currently, Dave is heavily invested in the land surrounding the University of Chicago for its proximity to the lake and the city, as well as the public infrastructure and overall governmental desire for the area to change.

With the new Barack Obama Presidential Center and the Tiger Woods golf course coming to the Jackson Park area, their land holdings are poised for exceptional development in the coming years.

Working with Renovo Financial has been a key component of Dave’s ability to acquire such attractive holdings.


“In order to execute on a plan like this, you need partners with a vision. Traditional or transactional lenders aren't in these neighborhoods yet. So where other capital wont come, Renovo took the time to believe in our business plan. And it’s had a tremendous impact.”