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 tanya@versityinvest.com.
ABOUT VERSITY INVEST
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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SOURCE Versity Invest, LLC