Watt Realty Group
About Watt Realty Group
Watt Realty Group, Inc. is a wholly-owned subsidiary of Watt Companies. This division was formed in 2018 to expand Watt’s investments in multifamily properties in the Western United States. This division employs two primary strategies building on the 70 years’ of experience and success that Watt Companies has achieved. The first strategy is to acquire value-add and core-plus apartment properties and execute on successful renovation plans. The second strategy is to develop ground up apartment properties. We are focused on market rate projects and are also gaining an expertise in Opportunity Zone developments. WMF is focused on delivering attractive risk-adjusted returns to Watt and their investors under both strategies.
Watt Realty Group performs the role of GP or Co-GP for these investments and secures limited partners for each investment from their expansive relationships with both institutional and private partners, such as family offices and high-net-worth individuals.
President, Watt Realty Groupbburdzinski@wattcompanies.com310.314.2536
In his role as President of Watt Realty Group Brian Burdzinski leads two strategies: the first one is to acquire value-add and core-plus apartment properties and execute on successful renovation plans; the second strategy is to develop ground up apartments.
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 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.
Senior Financial Analyst
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.
Director of Acquisitions
Sankeerth (SP) Pulusani joined Watt Realty Group, Inc. in October 2018 as Director of Acquisitions where he is responsible for sourcing, underwriting and leading due diligence on value-add and ground-up multifamily opportunities. In addition, he supports the team on the procurement of debt and equity capital.
Sankeerth has over twelve years of real estate acquisitions experience as both an operator and equity provider. Previously, Sankeerth was Director of Acquisitions at Holualoa Companies where he played a critical role in investments representing a total capitalization of over $800 million. Over his career, he has been involved in the acquisition/development of over 2,300 multifamily units.
Sankeerth graduated highest honors from Georgia Institute of Technology, earning a Bachelor of Science in Industrial and Systems Engineering with a concentration in Finance. Sankeerth lives with his wife and daughter in Santa Monica, CA.