How An IT Executive Built An Astounding 11,000 Unit Multifamily Portfolio With Sridhar Sannidhi [EP135]
Sridhar has spent years handling complex IT challenges for large corporations. He used his experience and contacts acquired over the years to match people’s funds with appealing multifamily ventures. He’s made this a win-win situation for everyone concerned. Sridhar built an impressive 11,000-unit multifamily portfolio.
At the beginning of 2018, he started to invest passively in other sponsors’ multifamily deals as well as underwrite and go after my own lead sponsor deal. He closed his first lead sponsor deal at the end of 2018, which was a 76-unit townhome community.
In total, he invested in over 4,000 multifamily units. Seven deals passively with other sponsors, one deal as the lead sponsor, and one deal where he partnered with two well-established general partners for a small minority stake in the deal.
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Sridhar Sannidhi earned the degree of Master of Science in the field of Information Management and Computer Science Engineering. His career was in the IT sector for more than 28 years as a Finance Accredited Insurance Deal Syndicator, and as a Passive Investor in Commercial Real Estate. Sridhar is constantly looking for value-added and or stable properties within the commercial real property.
More than $125 million in assets under management, Co-sponsored by 1329 units across 5 multi-family communities in Texas. He has actively invested in more than 4300 multi-family unit syndications across the US (over 100 million dollars). Sridhar has a strong background in Financial Analysis and Statistical modeling. He is a very committed, collaborative, and results-oriented team player. He enjoys traveling, and watching films, and is delighted to participate in charity activities.
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