🔥Live Podcast Alert 🔥
🔥On this Real Estate Hustlers Podcast episode, we will talk with Ryan Sudeck joined Sage in 2023 as the organisation's first Chief Executive Officer. In this role, he works to drive forward Sage’s mission to expand the availability of attainable housing in Washington state and nationally. Ryan oversees finance and operations for the organisation while working to ensure a healthy return for all Sage investors. A graduate of Stanford University with years of personal experience in real estate investing, Ryan most recently served as Vice President of Marketplaces at Redfin, and previously led acquisitions across industries at PwC, Samsung, and Amazon.
Takeaways
Ryan Sudick leads Sage Investment Group, focusing on affordable housing.
His first deal was a sixplex in Tacoma, Washington, which taught him valuable lessons.
Sage specializes in converting hotels into affordable housing units.
Understanding local regulations and entitlement risks is crucial for success.
They target three core demographics: young professionals, singles, and seniors.
AI is leveraged to optimise operations and streamline processes.
There is a significant valuation difference between hotels and apartments.
Sage aims for a 40% increase in value through their conversions.
Investor alignment is key to their business model.
Conservative underwriting helps ensure successful lease-ups.
Connect with Ryan:
LinkedIn: Ryan Sudeck
Instagram: sageinvestmentgroupwa
Visit us at:
Investor Portal: https://appelmangroup.investnext.com/
Website: https://lnkd.in/g66wqQ7g
LinkedIn: https://lnkd.in/g2Fu2BZD
Facebook: https://lnkd.in/gVjbUi3p