Paul P. Makarechian (Founder and Chairman of Gen NeXt) is Chief Executive Officer and Owner of Makar Properties, LLC. Makar Properties is a national diversified real estate development and holding company with approximately one billion in assets representing over $5 billion of development. Prior to his current venture, he was Executive Vice President in charge of Capital Pacific Holding’s Commercial Division, where he was responsible for the company’s commercial operations. During his employment at CPH, Mr. Makarechian oversaw the acquisition and financing of nearly $500 million in assets including mixed-use entitlement parcels, existing office buildings, high-end residential developments, golf course properties, industrial development sites and land for the development of high-end luxury hotels and resorts. In 2001 he formed his new venture, Makar Properties, as a result of an equity buyout of Capital Pacific Holdings, Inc.’s commercial division.
Prior to joining CPH, Mr. Makarechian worked for the investment banking firm of McFarland Dewey & Co. in New York City. He is a graduate from the University of California, Santa Barbara with degrees in Finance and Accounting.
In his current role with Makar Properties, he manages and oversees all of the company’s activities including existing income properties, overseeing land entitlement and financing activities for complex multi-use developments, and supervising the vertical development of industrial and resort properties, including the 400-room St. Regis Resort, which opened in 2001 at Monarch Beach, CA. Makar Properties currently has operations in California, Colorado, Texas and Florida.
Mr. Makarechian is an active member and board member of various charitable, social and educational institutions. Specifically, he serves on the board of directors for the Young President’s Organization, California Coast Chapter and founding board member of Miocean, an Orange County based non-profit environmental organization. He serves on the Board of Trustees for South Coast Repertory and on the Board of Governors for Chapman University. He also serves as a Real Estate Advisory board member for UCI’s Graduate School of Management and is an active member of the Urban Land Institute and also serves as a Maverick for the Republican Bush/Cheney campaign. In addition, he is a member of New Majority and is a reserve sheriff for the Orange County Sheriff’s Department.
Mr. Makarechian is single and a resident of Newport Beach, California. His hobbies include helicopter-snowboarding, scuba diving, mountain biking, yoga and world travel.