RESIDE Launches Real Estate Company and Hires Industry Expert
Terry Strongin to Exploit Growth in Alternative Accommodations

 

Seattle, WA - April 26, 2018

RESIDE Worldwide, Inc., (RESIDE) one of the largest alternative accommodation companies in the world, announced the hiring of Terry Strongin, a commercial real estate and capital markets industry veteran, as Executive Vice President of their newly formed RESIDE Realty Group, Inc. (RESIDE Realty). Strongin will lead RESIDE’s plan to acquire apartment buildings located in major U.S. markets operating as a hybrid of furnished and unfurnished apartments.

RESIDE co-CEO, Lee Curtis, CCHP, stated, “The addition of Terry and the launch of RESIDE Realty Group accelerates our mission to offer a better guest experience for those seeking alternative accommodations.”

“RESIDE Realty allows us to leverage the market information from our operating platform in the site selection process as well as begin the migration from the traditional leased assets model to that of owned assets,” explained Jon Wohlfert, RESIDE co-CEO. “The combination of these elements will deliver a higher quality living experience to our residents and generate superior returns for our investors,” he continued.

RESIDE Realty will focus its acquisition activities in major U.S. urban markets with an emphasis on the Greater Seattle Area where the company is headquartered and currently operates over 3,000 corporate apartments.

Regarding his appointment, Terry Strongin noted, “I am excited to be working with some of the most talented and acclaimed executives in the alternative accommodations space and to have the opportunity to build out RESIDE’s real estate platform.” Strongin further stated, “RESIDE Realty Group will look to partner with private equity funds, family offices, endowments, pension funds, REITs and high net worth individuals looking to achieve superior risk adjusted returns by owning high-quality apartment buildings operated by RESIDE as short term furnished apartments”.

For more information, please contact Jocelyn Quall at jquall@staywithreside.com or call (206) 899-2232.


RESIDE Worldwide, Inc.

RESIDE Worldwide is a leading alternative accommodation firm headquartered in Seattle, WA focused on providing vetted and flexible accommodations options to global travelers no matter the destination or the duration of their stay. RESIDE Worldwide owns a variety of hospitality companies, including RESIDE Management and RESIDE Realty Group. Learn more at http://www.staywithreside.com