Manveer Sanghera
CEO
Veerman Asset Management
Years with company/firm: 2
Years in field: 8
Years in real estate industry: 11
What is your greatest professional accomplishment?
Starting Veerman Asset Management in 2022 and closing $106 million in sales volume in the inaugural year.
What is your most notable project, deal, or transaction?
The Hudson County Portfolio, which consisted of 211 units sold over 5 properties for a total sales volume of $71,000,000. This deal took over a year to complete and survived the interest rate surge of 2022.
How do you contribute to your company and/or the industry?
Veerman Asset Management takes on a more fiduciary-type role in the commercial real estate industry. We analyze all clients’ options and will always communicate to them the best professional advice on what their next steps should be.
Who or what has been the strongest influence in your career?
My love for finance was something I found later in my career while taking my courses to become a Certified Financial Planner. The education I gained from that course veered me into commercial real estate, where I try and use those same practices in the CRE industry.
Tell us how and when you began your career in the profession you are in, about your current position, and why you chose the field/profession you are in today?
After managing hotels and restaurants for nearly 10 years, I began as a residential real estate agent with Century 21 in 2013. I began taking courses in Financial Planning in 2015, and realized shortly thereafter my passion for finance could not be met in the residential field. I made the leap into Commercial Real Estate where I was with Marcus & Millichap for almost 3 years. In 2018 I was recruited by CBRE to head the Hudson County multifamily market. After 3 great years with CBRE, COVID led me to make crucial personal decisions for my future. I decided to open up Veerman Asset Management in 2022, where I sold over $106 million in real estate in Year 1, including over $100 million in Hudson County alone.
What unique qualities and or personality do you feel makes you most successful in your profession?
My “yearn to learn” is unmatched. I am constantly taking courses on macro and micro economic factors that affect commercial real estate. This knowledge, and ability to relate these factors to CRE, is what I feel makes me most successful in my profession.
What was the most defining moment for you?
Closing my first deal under my own company’s name in January of 2021. This was a 36-unit multifamily property which closed for $10,000,000.
What inspiring word of advice would you give to a young executive graduating from college today?
Don’t worry about the results right now, just make sure you are absorbing the process.