Versity Invest, LLC, (Versity) owners (Blake Wettengel as CEO and Tanya Muro as COO) are adapting to the current capital market’s climate with investor-focused institutional changes to their offerings.
Versity is a privately held California based real estate company, with a portfolio north of $1.65BN comprised of both student housing and conventional multi-family properties. Blake and Tanya have been with the firm, and its predecessors since 2015 and 2009 respectively. Prior to assuming the role of CEO in 2018, Blake was the COO and General Counsel for the firm’s predecessor. Mrs. Muro assumed the role of COO in 2018 and has worked in the industry for over 20 years with numerous dealer managers and sponsors.
“As a leading sponsor and manager of DST 1031 programs, Versity Invest is committed to providing investor-centric real estate investment opportunities. We have recently made several modifications to our deal structures, including reduced expenses, fair master leases, and waived asset management fees, demonstrating our dedication to delivering exceptional value to our investors.” ~ Tanya Muro, Versity Invest COO
Under Blake and Tanya’s leadership the firm has taken many steps to grow Versity Invest into an institutional quality real estate investment and management firm. This includes the pending launch of the firm’s broker dealer and RIA private perpetual life student housing real estate investment trusts (“REITs”) and a forthcoming SEC registered bond product. Further, the firm recently took the next step in its evolution as a leading sponsor and manager Delaware Statutory Trust (“DST”) 1031 programs by making several investor centric modifications to its deal structures including; launching 506c offerings, reducing deal related expenses to an institutional level, waiving asset management fees in early years of syndications, structuring master leases that are clear and fair to trust beneficiaries, and providing cost segregation studies for investors should they wish to use them.
Versity Invest employs 65 professionals in its Aliso Viejo, CA corporate offices and has established several verticals including Book & Ladder Property Management Company. Book & Ladder manages most of the firm’s portfolio properties and employees over 210 people nationwide.
“At Versity Invest, effective property management is critical to maximizing the performance of our real estate investments. That’s why we have an in-house team of 200+ experts dedicated to delivering exceptional value and maintaining high standards of service across the portfolio.” ~ Blake Wettengel, Versity Invest CEO
Finally, Tanya and Blake have committed to the level of transparency their investors and partners are looking for with audited financials on the firm and its products, which are available for review upon request.
(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.benzinga.com/pressreleases/23/02/n31046258/versity-invest-owners-renewed-focus-on-investor-centric-real-estate-investments)