Crew Enterprises Announces Corporate Rebrand and Expansion of Its Real Estate Ventures
May 3, 2024
Formerly Versity Invest, Crew Enterprises Better Represents its dedicated professionals and commitment to innovation and growth in the real estate sector
Crew Enterprises, formerly Versity Invest, was founded in April 2022 by industry veterans Blake Wettengel and Tanya Muro. Prior to the formation of Crew, Mr. Wettengel and Ms. Muro were partners at Versity Investments, LLC, a firm that specializes in purchasing, developing, and managing student housing, multi-family and specialty assets throughout the United States. The company currently boasts a substantial real estate portfolio valued at nearly $2 billion in assets.
Blake Wettengel, Chief Executive Officer of Crew, expressed his enthusiasm for the company’s strategic evolution, stating, “We began rebranding in conjunction with the launch of our private REIT, Crew Campus, and couldn’t be more excited for what the future holds. We fully expect to be among the most active buyers and managers of campus adjacent student properties for years to come.”
"We began rebranding in conjunction with the launch of our private REIT, Crew Campus, and couldn't be more excited for what the future holds."
This rebranding initiative represents more than just a visual transformation; it symbolizes a renewed commitment to excellence, innovation, and strategic expansion in the real estate investment marketplace. With a robust executive team of industry professionals, Crew is poised to become the leading firm specializing in student housing in addition to its other business endeavors.
For more information about Crew Enterprises, LLC, please contact Tanya Muro at 877-827-6272 or by email at tanya@crewcos.com.
OFFERING DISCLOSURE
REAL ESTATE RISK DISCLOSURE:
- There is no guarantee that any strategy will be successful or achieve investment objectives including, among other things, profits, distributions, tax benefits, exit strategy, etc.;
- Potential for property value loss – All real estate investments have the potential to lose value during the life of the investments;
- Change of tax status – The income stream and depreciation schedule for any investment property may affect the property owner’s income bracket and/or tax status. An unfavorable tax ruling may cancel deferral of capital gains and result in immediate tax liabilities;
- Potential for foreclosure – All financed real estate investments have potential for foreclosure;
- Illiquidity – These assets are commonly offered through private placement offerings and are illiquid securities.
- Private Placements are Speculative. There is no secondary market for these investments.
- Private placements carry a high degree of risk.
- Reduction or Elimination of Monthly Cash Flow Distributions – Like any investment in real estate, if a property unexpectedly loses tenants or sustains substantial damage, there is potential for suspension of cash flow distributions;
- Impact of fees/expenses – Costs associated with the transaction may impact investors’ returns and may outweigh the tax benefits.
- Stated tax benefits – Any stated tax benefits are not guaranteed and are subject to changes in the tax code.
- Speak to your tax professional prior to investing.
