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.”