Watt Multifamily

South Beach | Resort-style Apartments | Las Vegas, NV

About Watt Multifamily

Watt Multifamily Corporation is a wholly-owned subsidiary of Watt Companies. The company offers comprehensive and diversified real estate services across the United States to investors and partners, homebuyers and commercial customers. These services include commercial development, home building, asset management, and the realization of capital investments.

In its seventy plus year history, Watt Companies has developed over 2,000 apartment units, homes for over 100,000 families, built over eight million square feet of industrial and professional office space, developed more than 50 shopping centers, three major first-class hotels, and six major master-planned communities.

Watt Companies has a 70-year role as a developer in the Southwestern Region of the United States and operates through five divisions, including Las Vegas, Southern California, Northern California, Phoenix, and Washington D.C.

People

  • Brian Burdzinski, Chief Financial Officer, Watt Companies

    Brian Burdzinski

    Chief Financial Officer

    310.314.2536
    https://www.linkedin.com/in/brian-burdzinski-912b4329/

    In his role as Chief Financial Officer, Brian Burdzinski analyzes deals from a financial perspective and provides strategic financial guidance to the shareholders.  He also provides appropriate and efficient financial reporting to the business units within Watt Companies.

    Brian has more than 20 years experience in both the public and private sectors, including top management positions with such well-respected real estate developers and homebuilders as John Laing Homes, Western Pacific Housing, Dale Poe Real Estate Group, and KB Homes. Brian earned his certified public accountant designation while working at KPMG Los Angeles.

  • Miles Musalman, Director, Finance, Watt Multifamily

    Miles Musalman

    Director, Finance

    Miles Musalman runs financial analysis and financing for all of Watt’s projects. Within his role as Finance Manager, he underwrites value-add and for-sale construction projects, sources debt and equity partners, and works on deal terms to deliver anticipated returns. Past work experiences include the financing of all of Watt’s construction for-sale projects since 2013 ($150MM +) and the refinancing of over $500MM in debt for Watt’s income properties portfolio. In 2016, Miles underwrote and worked on securing the financing for the 220-unit, Class A+, ground-up apartment construction project in Las Vegas called South Beach. In 2017, Miles underwrote and worked on securing financing for another of Watt’s 135-unit, ground-up apartment construction projects in Phoenix, AZ called View 32.

    As a Certified Professional Accountant (CPA), Miles has experience in tax preparation and accounting. With over 15 years of active accounting and finance experience in real estate, he has worked in family offices and corporate structures and brings forth ample experience in underwriting multi-family value-add transactions as well as deals within other real estate asset classes. Miles also worked as a Controller for a 3000-unit owner/property management firm in San Diego and brings forth that education and experience in his value-add multi-family underwriting.

    Miles is a Bachelor of Science in Finance graduate from the University of Louisville and received a Master’s in Business Administration degree from San Diego State University’s EMBA program.

  • David Schlecter, Senior Financial Analyst, Watt Multifamily

    David Shlecter

    Senior Financial Analyst

    https://www.linkedin.com/in/david-shlecter-73b0b334/

    David Shlecter joined the Capital Markets team in early 2016. As a Senior Analyst, he provides crucial underwriting and analysis to upper management. The Capital Market team supports all divisions at Watt in securing financing for a multitude of real estate projects. David has underwritten tens of thousands of multifamily units. His expertise ranges from value-add to ground-up development.

    His integral role at Watt begins by sourcing potential deals, comprehensive underwriting, and sourcing financing options. By utilizing the resources borne by the Watt name, he is able to facilitate fortuitous ventures. Most recently, he refinanced the construction loan and preferred equity on a 220 unit multifamily development with a low-interest rate bridge loan. By facilitating effective communication between owners, property management and debt sources, the team was able to execute a timely recapitalization. Recently, David underwrote and worked on sourcing the construction loan and preferred equity totaling $60MM for a 304-unit luxury ground-up apartment project in the Southern Highlands area of Las Vegas.

    David graduated with a Masters of Accounting from the Ross School of Business in 2012. As a CPA, he practiced in taxation, with heavy casework in family offices with significant holdings in real estate. The transition from accounting to finance honed his analytical skills in valuation, planning, and execution of real estate financing.

Properties

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