our Company
Sares Regis Multifamily Funds transform underperforming multifamily properties into thriving communities and successful real estate investments.
Our comprehensive approach stems from experience and knowledge gained over 25 years and the skill of our vertically integrated team.
The first Sares Regis Multifamily Fund in 2013 represented an evolution of the value-add platform established by Sares Regis in 1993. Building a premier private equity fund management platform, our team continues to identify and underwrite attractive investment opportunities and implement effective solutions to create value.
Sares Regis Multifamily Funds primarily focus on high-growth, supply constrained Western United States markets. Demographic shifts and limited supply in our markets have created unmet demand and affordability constraints. Our geographic focus provides a depth of localized knowledge to reposition communities and address evolving market dynamics.
Reputation and relationships are an invaluable foundation for value creation. Our proven track record of execution, open communication, and hands-on management result in long standing relationships with multifamily property owners, institutional investors, investment brokers, and lenders. Transparency and reliability continue to be at the forefront of everything we do.
Sares Regis Multifamily Funds cultivate an integrated environment where strategies and ideas are shared across our vertically integrated platform. This cross disciplinary culture enables us to mitigate risk, achieve meaningful results and maximize the value of our investments.
The Funds' parent company, Sares Regis Group was formed
Sares Regis Multifamily Fund closed with $114.25 million
Sares Regis Multifamily Value-Add Fund II closed with $304.2 million
Sares Regis Multifamily Value-Add Fund III closed with $328.6 million
Sares Regis Multifamily Value-Add Fund IV
closed with $547.8 million
Deep local market experience and real-time operational data from our platform enable our acquisitions team to quickly identify properties which meet our investment criteria. Unique opportunities are sourced through longstanding industry relationships, providing the ability to secure the best investments in competitive markets.
The depth and experience of our asset and property management teams provide superior business plan execution for each investment. We take pride in our ability to understand the nuances required to achieve strong operating performance in dynamic market conditions.
Vision becomes reality through the experience of our construction team who conceive modern designs to improve the appearance and functionality of our communities. Strong relationships with vendors and contractors enable us to navigate complex renovations and provide cost effective solutions.
Portfolio management applies a comprehensive approach to mitigate risk and optimize fund performance. Our dedicated team ensures transparency across finance, compliance and reporting.
Established on a foundation of mutual respect and disciplined work ethic, Sares Regis Multifamily Funds have built a collaborative team with a history of success.
Kenneth Gladstein co-manages the Sares Regis Multifamily Funds with responsibility for portfolio management, capital raising, reporting and investor relations. Since joining Sares Regis in 2003, Mr. Gladstein has overseen the acquisition, disposition and financing of over $1.5 billion in residential multifamily properties throughout Northern California and the Pacific Northwest.
Prior to joining Sares Regis, Mr. Gladstein served in senior management, acquisition and finance positions with Limar Realty Group and LoopNet, and co-founded Metropolis Partners, Inc. as a Managing Partner. Mr. Gladstein began his career in the mortgage-backed securities groups at Bear Stearns & Co., Inc. and at Nomura Securities International where he focused on institutional sales and trading.
Mr. Gladstein received a B.A. degree in Economics from Tufts University and an M.B.A. in Finance from New York University. He is a licensed California Real Estate Broker.
William Montgomery co-manages the Sares Regis Multifamily Funds with responsibility for all acquisition and disposition activities, as well as the asset management and renovation of the portfolio. Since joining Sares Regis in 2003, Mr. Montgomery has overseen the acquisition, disposition and financing of over $1.6 billion in residential multifamily properties throughout Southern California, Denver and Phoenix.
Prior to joining Sares Regis, Mr. Montgomery served as Director of Acquisitions for Western National Properties, managing the acquisitions of existing apartment communities throughout California, Colorado and Seattle. He also served at Shea Properties as Director of Acquisitions for multifamily acquisitions and development. Mr. Montgomery began his career as an investment real estate broker for Sperry Van Ness and CB Commercial (now CB Richard Ellis).
Mr. Montgomery received a B.S. degree in Business at California Polytechnic at San Luis Obispo, California. He is on the Multifamily Bronze Council of ULI, an associate member of the NMHC, and a licensed California Real Estate Broker.
Geoffrey Stack co-founded Sares Regis Group in 1993 and is responsible for the executive management of residential real estate operations of the company’s multifamily business.
Prior to founding Sares Regis Group, Mr. Stack served from 1977 to 1993 as the President of the Regis Group, which focused on the development, management and sale of multifamily rental properties and for-sale condominiums. Mr. Stack worked as an aide to United States Senator Paul H. Douglas and served from 1967 to 1970 as an officer in the United States Marine Corps, attaining the rank of Captain.
Mr. Stack received a B.A. degree in Political Science from Georgetown University and an M.B.A. degree from the Wharton School of the University of Pennsylvania. Mr. Stack sits on the board of directors of the Tejon Ranch Company (NYSE), Georgetown University Board of Regents, the California Housing Council, and the National Multi Housing Council.
Robert Wagner co-founded Sares Regis Group of Northern California (“SRGNC”) in 1993 and is responsible for the executive management of all operating divisions in Northern California.
Prior to founding SRGNC, Mr. Wagner served from 1986 to 1991 as President and Chief Executive Officer of Prometheus Development Co., a privately held real estate company that develops, owns and manages multifamily properties throughout the Western United States. Prior to joining Prometheus in 1978, Mr. Wagner served as Senior Loan Officer for Citicorp Real Estate, Inc., a subsidiary of Citibank, N.A., in New York and San Francisco.
Mr. Wagner received a B.A. degree in Economics from Dartmouth College and an M.B.A. degree from Boston University. He is a member of Lambda Alpha International and serves on the Board of Directors of The Swig Company.
William Thormahlen co-founded Sares Regis Group in 1993 and is responsible for the executive management of operations and all legal, finance, tax and administrative functions.
Prior to founding Sares Regis Group, Mr. Thormahlen served as Executive Vice President for the Sammis Company (predecessor to the SARES Company) where he was responsible for accounting, finance, legal and administrative functions as well as coordination of the regional office network.
Mr. Thormahlen received a B.A. degree in Business Economics from the University of California at Santa Barbara. He is a member of the Urban Land Institute, a member of the National Association of Industrial and Office Properties (NAIOP), and the National Realty Committee.
Chris Payne joined Sares Regis in 2014. As President of Multifamily Development, Mr. Payne is responsible for overseeing the residential platform in Southern California with responsibility for new development activity as well as the investment, construction, and property management divisions.
Prior to joining Sares Regis, Mr. Payne managed the regional development activities for AvalonBay Communities in Southern California for 14 years. Mr. Payne also managed new development activity in Southern California for Belmont Corporation and was responsible for developing single family home communities with Greystone Homes.
Mr. Payne received a B.S. degree in Finance from California State University Fullerton and a Master of Real Estate Development degree from the University of Southern California. Mr. Payne currently serves as an adjunct professor at the University of Southern California and is a licensed California Real Estate Broker.
Jeffrey M. Bailey joined Sares Regis Group in 2017 and brings over 20 years of multifamily experience to the firm. Mr. Bailey has extensive market knowledge of California and the Western United Sates having managed large portfolios, in excess of 15,000 apartment units, for both public and private companies, where he was responsible for the bottom line performance within the key regions.
Mr. Bailey comes to Sares Regis Group from Greystar Management Company where he was the Managing Director of the Southern California Region responsible for day to day operations, developing and implementing the region’s business plan, and executing key initiatives. He began his career in asset management and spent over 16 years in the public real estate sector with Equity Residential and BRE Properties, Inc.
Mr. Bailey is on the Board of the California Apartment Association South Coast chapter, and is a Certified Property Manager with the Institute of Real Estate Management. He holds a Bachelor of Science degree from San Diego State University with an emphasis in Accounting.
