The Small house on Sunset where Ed & Jutta started their first business.
"The people of Bulgaria appreciate the fact that he isn't an institution, foundation or investment fund, but a person who uses personal resources," he says. One project Beck is particularly proud of is the Hadji Nikoli Inn, a national historical monument. “It is the prettiest building I have ever seen in my life.” The work he and his team accomplished was recognized by the president of Bulgaria. They received the distinguished honor of the Building of the Year award in 2010. He loves his properties in Europe, but there is one thing he misses most when he isn’t home. “I miss my tacos,” he laughs. Even while he is enjoying a delicious taco, the work never stops for Beck. Though he manages international properties, he is also spearheading major projects locally. His phone is always in his hand, saying 95% of his day is spent taking calls. “My phone is my office,” he says. “I was in Prague when I purchased the property from Frost Bank for the Thompson Hotel.” While it is clear that hospitality is one of his preferred investments, as he is developing innovative 5-star hotels downtown, he has his hand in other projects as well. One of the latest is the new Mercedes Benz dealership that will soon be built in Selma and he is also in the planning stages for building another hotel on a different site on the San Antonio River Walk. Beck is dedicated to helping develop the future of San Antonio, and he hopes the community takes note. "You want to do
something nice that people will remember you by," he says. And remember him, we will. The legacy Beck will leave behind is a true triumph of determination. “Having lived all over the world in the military, you think differently. I had to learn the hard way. I did everything on my own with common sense. I have friends that say 'Are you crazy?' and I say no, I enjoy it." Beck has very distinct business practices, and these habits have proven the keys to his success. One of his personal customs is that he rarely sells his real estate investments. He opts instead to negotiate long term land leases that will benefit him well into the future. His largest liability is property taxes. Beck doesn’t believe in bank debt and pays for everything in cash. He encourages focus and hard work when it comes to pursuing a new business venture. However, if he could offer a piece of advice to future real estate investors in San Antonio, he says, "Look to the river for your opportunity.” The River Walk is his favorite feature of San Antonio. In fact, it is part of his home’s backyard landscape. Just steps from the river, he and his wife have settled in the King William district. They purchased and restored a beautiful 100-year-old home. From traveling the world to exploring opportunities in his own backyard, one thing stays the same for Beck: he has a deep love for the city that made him the man he is today. "I have been all over the world, and San Antonio is the only place I want to come home to.” 78209magazine.com | JULY 2019
Community and Lifestyle magazine for the 78209 zip code of San Antonio, Tx.