For one University of Richmond graduate, jumping into the custom home business in 2005 seemed like a good idea. Since then his career trajectory has altered course, along with the changing real estate market, to working with a new company providing financing for distressed development deals.
That is the story of Ed Solarz, who was recently profiled by CNN Money. Solarz graduated from UR in 2005 and started working for a custom home builder. Following the bust, Solarz went back to the school to pursue his MBA and has also taken a job at Markel|Eagle Partners.
From the profile:
When Ed Solarz graduated from college just a few years ago, he was drawn to one industry with lots of potential: home building.
Of course, that was before that segment of the economy was brought to its knees by a freefall in housing prices and record foreclosure rates.
Flash to the present and Solarz has a new job, in an industry that is thriving — mostly thanks to housing’s downfall. But he says reinventing his career in the midst of the Great Recession was no easy task.
For one University of Richmond graduate, jumping into the custom home business in 2005 seemed like a good idea. Since then his career trajectory has altered course, along with the changing real estate market, to working with a new company providing financing for distressed development deals.
That is the story of Ed Solarz, who was recently profiled by CNN Money. Solarz graduated from UR in 2005 and started working for a custom home builder. Following the bust, Solarz went back to the school to pursue his MBA and has also taken a job at Markel|Eagle Partners.
From the profile:
When Ed Solarz graduated from college just a few years ago, he was drawn to one industry with lots of potential: home building.
Of course, that was before that segment of the economy was brought to its knees by a freefall in housing prices and record foreclosure rates.
Flash to the present and Solarz has a new job, in an industry that is thriving — mostly thanks to housing’s downfall. But he says reinventing his career in the midst of the Great Recession was no easy task.