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Gelt Seattle Portfolio, LLC

Membership

Gelt offers its investors exclusive opportunities to invest in real estate deals that have been historically difficult to access. We have developed an online investor portal through which investors can browse and screen real estate investment opportunities and all the relevant details, sign legal documents, subscribe to specific deals, access important documents, track returns, and invite others to join the exlusive Gelt investor portal. 

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My Gelt Story

The Company

Gelt was founded by cousins Keith Wasserman and Damian Langere during the height of the economic recession and financial meltdown in 2008. Gelt’s business plan is to acquire and re-position value-add multifamily real estate investments.

Gelt is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon.

 

 

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Latest News

Gelt Acquires 491-Unit Apartment Portfolio in Two Seattle Submarkets for $74 Million

Los Angeles, Calif., April 3, 2018 – Gelt Inc., a Los Angeles-based real estate investment and asset management firm, announced today it has acquired a two-property apartment portfolio totaling 491 units for $74 million ($150,712 per unit, combined) in two Seattle submarkets. The properties include The Row, a 247-unit asset in the City of Kent, and The Union, a 244-unit property in the City of Federal Way.

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Gelt Sells 150-Unit Capella Place Apartment Community for $19.6 Million in Phoenix, Arizona

Gelt Inc., a Los Angeles-based real estate investment and asset management firm, announced today it has sold Capella Place, a 150-unit apartment property in Phoenix for $19.6 million ($130,500 per unit). Gelt acquired the property in August 2012 for $9.3 million ($62,000 per unit) and embarked on a strategic renovation and repositioning plan, more than doubling its value upon disposition.

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"GELT INC" Charity

Gelt, is the Yiddish word for money. There is a tradition during Hanukkah, Jewish festival which commemorates the 2nd century Maccabean Revolt and rededication of the Jerusalem temple, for parents and grandparents to give their children “Hanukkah Gelt”, either coins or chocolate money wrapped in silver or gold foil. We chose the word Gelt for our company because it symbolizes giving. Gelt is actively involved in a variety of charities and love that we have the opportunity to give back.

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Gelt was founded by cousins Keith Wasserman and Damian Langere during the height of the economic recession and financial meltdown in 2008. Gelt’s business plan is to acquire and re-position value-add multifamily real estate investments.

Gelt is committed to providing investors with quality, cash-flowing investment opportunities and is seeking to acquire multifamily, retail, and mobile home park properties in the Western United States with an emphasis in California, Utah, Nevada, Arizona, Colorado, and Oregon.

 

 

Read More

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