Gelt, Inc. Names Former Major League Baseball Player Josh Satin as Asset and Acquisitions Coordinator
Satin, 31, joins an entrepreneurial group of young and successful professionals that has acquired more 5,600 apartment units valued at more than $750 million since the firm was founded in 2008 by partners and cousins Keith Wasserman, 32, and Damian Langere, 36. Gelt is on target to reach $1 billion of investment activity by mid-2017.
?Gelt has been successful because we started small, identified a strategic business platform that works for us, and we have subsequently grown exponentially from there. This growth has been built on a culture of creativity and teamwork,? said Wasserman. ?Josh is driven, competitive and passionate about this business. He is an ideal fit with our company?s culture and we are honored he has chosen to join us.?
In June 2016 Satin ended his nine-year professional baseball career due to an injury. Satin played first base, second base, and third base with the New York Mets, Cincinnati Reds, and San Diego Padres organizations. He was a first-team college All-American at the University of California, Berkeley.
?I was fortunate to have a family that brought me up with the understanding that real estate is a strong, tangible investment and have been an investor in apartment properties for the past five years. I truly believe in this industry and know this is the career I am meant to pursue,? Satin noted.
Satin added: ?Over the years I came to the realization that many of my peers weren?t confident with their investment decisions, so a big part of my position will be to help educate people on the rewards and risks for this type of investment. I see real estate investment as a path to wealth creation and preservation that is sustainable for the long-term.?
About Gelt, Inc.
Gelt Inc. is a regional real estate investment and asset management company that seeks to acquire properties in strategic markets in the Western U.S. Since the company's inception in 2008, Gelt has acquired more than 5,600 apartment homes valued in excess of $750 million. The firm?s philosophy is to be a prudent steward for its investment capital, to invest wisely, with confidence and intelligence in emerging, constrained markets. Gelt seeks appropriate risk adjusted returns while achieving income from current cash flow and appreciation through superior performance of its assets.
Gelt consists of a team of real estate professionals that possess a wealth of knowledge and expertise in law, real estate, finance, property and asset management, and construction.
Additionally, Gelt developed Domuso.com, the first financing-as-a-service resident portal for the $540 billion rental payment industry. Domuso offers online certified and financing options for move-in payments, one-time rent payments, debt payments, refunds, and late payments. The company developed its own proprietary risk scoring model to offer point-of-sale financing utilizing rental application data, property operational data, and historical payment history.
The firm strives to stay on top of industry trends, and is always on the lookout for new technologies that simplify life for its leasing agents and help its properties run smoothly.