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Millionaire Mindcast

How Ray Garfield Built Iconic Hotels, Arenas & Civic Projects Across America

Millionaire Mindcast

Matt Aitchison

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4716 Ratings

🗓️ 18 August 2025

⏱️ 68 minutes

🧾️ Download transcript

Summary

In this episode of Millionaire Mindcast, Matty A. talks with Ray Garfield, a seasoned real estate developer and founder of Garfield Public/Private, about the immense opportunities hidden in public-private partnerships (PPPs). Ray explains how these collaborations between investors, developers, and municipalities can revitalize communities, create economic growth, and generate strong investment returns.


Listeners will learn how PPPs work, the steps to get involved, and the keys to overcoming challenges like bureaucracy and community resistance. Ray also shares real-world examples of projects that turned underutilized land into thriving, mixed-use developments.


What You’ll Learn in This Episode:

  • What public-private partnerships are and why they matter
  • How PPPs align public good with private profit
  • Real examples of community transformation through PPPs
  • How to find and evaluate city-backed opportunities
  • Leveraging incentives, zoning changes, and government support
  • Navigating common challenges in PPP projects
  • Why relationship-building with stakeholders is critical
  • How PPPs offer recession-resistant investment potential


Timestamps:

00:00 – Introduction to Ray Garfield and Garfield Public/Private

04:00 – Ray’s background and career path into PPP development

08:00 – Understanding the PPP model

13:00 – Case studies of successful projects

17:00 – Finding and positioning for city-backed deals

21:00 – Challenges and how to overcome them

25:00 – The power of community and political relationships

29:00 – Advice for investors entering the PPP space


Connect with Ray Garfield:

Website: http://www.garfieldpublicprivate.com

LinkedIn: https://www.linkedin.com/in/raygarfield/

Instagram: https://www.instagram.com/raygarfield1944/

Facebook: https://www.facebook.com/raymond.garfield.73

Episode Sponsored By:

Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/

CRE MASTERMIND: Visit myfirst50k.com and submit your application to join!

FREE CRE Crash Course: Text “FREE” to 844-447-1555

FREE Financial X-Ray: Text  "XRAY" to 844-447-1555


Transcript

Click on a timestamp to play from that location

0:00.0

What's going on, guys? Welcome back into the show. Today's guest is a true treat. One of those

0:16.7

conversations that you wish you could have hours and hours of time, just sitting around a fire,

0:22.1

sipping on a glass of bourbon, listening to this guy's journey and story because it's absolutely

0:27.4

epic. There's so much wisdom and insight, and he is a true veteran of the real estate development

0:33.5

game. You've probably never heard of him, though. His name is Ray Garfield, founder of Garfield

0:38.9

public-private, which ultimately is a company that does public-private partnerships and builds

0:45.3

convention centers, hotels, arenas. I mean, you name it. Ray has developed it all across the country.

0:53.0

He started flying jets for the Navy, then came out

0:57.7

and started working for Ross Perrault. You're going to hear about how this epic journey of

1:03.9

stepping from one opportunity to the next, almost kind of like the Midas touch, everything he did

1:08.6

seemed to turn to gold. And you're going to hear about how he was able to accomplish this and really revolutionized public, private partnerships

1:16.3

over the last three, four, five decades. Ray's career reads like a masterclass in leadership,

1:22.7

in resilience, and reinvention. And on our conversation, you're going to hear about how

1:26.9

Ray's Navy and Wall

1:28.1

Street background shaped his unique approach to development, the evolution of how Garfield,

1:34.3

public, private, came about. He's got some amazing stories that I think you're really going to

1:39.9

enjoy and how he pioneered new models in civic infrastructure across the entire country. We also talked

1:46.5

about the power of reputation, adaptability, mastering the public-private deal-making sector from politics

1:53.8

to relationships, negotiation, you name it. And we also talked about some of the creative financing

1:59.9

solutions from taxed-exempt

2:01.9

bonds to municipal partnerships. Many of his lessons that he learned from building everything

2:06.9

from convention centers and hotels to performing arts venues and energy projects. This

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