Additions and promotions ramp up sales for continued growth of product lineup
ALISO VIEJO, Calif., June 23, 2022 /PRNewswire/ -- Versity Invest, LLC, (Versity) a nationally recognized real estate firm specializing in student housing and conventional multifamily investments, has added and promoted several associates to accommodate the continued expansion of their portfolio into conventional multifamily housing and the addition of a Real Estate Investment Trust (REIT).
"The growth of Versity Invest is expected given how aggressive the company has been at acquiring new properties for the portfolio. I am pleased to announce the following expansion of the sales team through the addition and promotion of employees," announced Jason Kjellson, Executive Vice President and National Sales Manager.
Carolyn Sumner, who joined the company's predecessor in 2020 as an internal sales associate, has been promoted to Vice President of National Accounts and will report to the Senior Vice President of National Accounts, Tyler Carter. Carolyn will be a critical player in the firm's continued expansion in the independent broker dealer and RIA markets. She holds a Series 7 and Series 63 licenses and holds a B.A. from Valdosta State University in Georgia.
Gabe Valente, who joined the company's predecessor in 2020 as an Investor Relations Manager, has been promoted to Internal Sales Associate serving the Western U.S. markets. Gabe will be instrumental in continuing the expansion of these markets for the firm's entire product lineup.
Seth Lee joins Versity Invest as an Associate Vice President where he will serve as an internal wholesaler covering the central U.S. Mr. Lee has spent time across the table as an Advisor, Sr. Stockbroker, Sales Director, and a Regional V.P. with a well-known money manager. His professional experience includes over 16 years of connecting investors with diversified investment opportunities. Seth received his degree in Finance from the University of Nevada, and he also holds the Certified Investment Management Analyst (CIMA®) designation from the Investments & Wealth Institute. In addition, he also has Series 7, 66, 63, and 24 securities licenses.
"Versity Invest now boasts approximately $800MM in investor capital and $1.6 Billion of real estate owned or managed and has diversified our product offerings to include student housing, multifamily housing, and niche opportunities from development to core holdings," said Kjellson. Adding, "I am immensely proud of Carolyn and Gabe for seeing the opportunity our company affords and reaching for career growth. Seth Lee will join Gabe on our internal sales desk as we continue to grow our regional coverage and has already proven himself to be a true professional."
For more information about Versity Invest, LLC, please contact Tanya Muro at 877-827-6272 or by email at email@example.com.
Versity Invest, LLC, offers individual investors indirect ownership interests in institutional quality, professionally managed real estate. The company focuses on what we believe to be well-positioned, currently income producing properties, targeted development opportunities and potential value-added investments for its clients through strategies targeting capital improvements, cost efficiency, and revenue maximization. Versity specializes in the acquisition, financing, management, and ownership of real estate investments in student housing, multifamily and niche specialty categories. Versity, and its subsidiaries, currently manages over $1.6BN in real estate.
Securities offered through WealthForge Securities, LLC, the managing broker-dealer for the Fund and member FINRA/SIPC. Versity Investments (the "Sponsor") and WealthForge are not affiliated. All investments have inherent risks including those risks common in real estate investments. Potential risks relating to the Fund are disclosed in our PPM that must be read by the investor prior to making an investment decision, including the following:
Past performance may not be indicative of future performance, and does not guarantee future performance. The economic success of the Fund will depend upon the results of operations of its properties. Fluctuations in vacancy rates, rent schedules, and operating expenses can adversely affect operating results, financing terms or sale opportunities. No assurance can be given that future cash flow will be sufficient to make the debt service payments on any borrowed funds and also cover capital expenditures or operating expenses. There are risks related to competition from competing properties. The Sponsor is not under any obligation to contribute capital to the Fund. The shares do not represent a diversified investment. There are various conflicts of interest among the Fund, the Sponsor and its affiliates. Shares are illiquid. There are tax risks associated with an investment in the shares. There may be environmental risks related to the properties. Private Placements are speculative. No assurance can be given that shareholders will realize a substantial return (if any) on their investment or that they will not lose their entire investment in the Fund.
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