Mr. Sanders has been involved in the real estate profession for over 18 years. He is currently a Principal and Managing Director of ANCRE Group. Since 2014, Wes has closed almost $30M in transactions. He was also directly involved in analyzing, underwriting, submitting offers, or valuations, on over $1B in properties during the same timeframe.
In 2015, among other accomplishments, Wes and his partners successfully completed the syndication, acquisition, and renovation of an apartment complex. Over the next 18 months, the property was strategically transformed. With an increase in EGI of almost 30%, expense reduction of 16%, the value increase exceeded expectations. Wes was also instrumental in the 2016 acquisition and renovation of an apartment complex in Dallas. This property required significant mechanical and aesthetic interior and exterior upgrades, which resulted in a value increase of approximately 40% over costs in one year, and was put under contract after 18 months at 75% over acquisition and renovation costs, selling in early 2018.
Wes is active in the valuation industry with completion and review of over 600 appraisals in the past few years and several thousand over his career. Wes has extensive experience in feasibility studies, rent studies, and appraisal review for commercial properties. Wes previously worked for a national valuation company as a managing director, as well as two other valuation firms in the Dallas-Fort Worth Metroplex and in the Tampa Bay area completing fappraisals, feasibility studies, HUD reports, and cash flow models on a variety of commercial properties since 2003.
Wes has testified and deposed as a qualified expert in multifamily property valuation for litigation in Circuit Court. He was also a Valuation Trends speaker at the 2014 Annual Conference for the Aggie Real Estate Network. National appraisal and market studies have included properties in over 15 states in the Midwest, Southeast, Northeast, and Puerto Rico.
In addition to his valuation background, Wes started investing in real estate a month after his 19th birthday. Using the guidance of a very helpful broker and a FHA loan, he was able to buy a duplex with no co-signer. After renovating and turning a 32% profit, Wes knew real estate would be his career. He began real estate sales a couple years later, specializing in selling duplexes, condos, as well as leasing student housing properties and apartments. Wes currently owns three single-family investment properties, three apartment complexes with partners, and is currently looking for other opportunities to invest with clients.
Wes is a graduate of Texas A&M University and Blinn College, and has completed extensive real estate course work and continuing education through multiple providers. He is a Member of the National Association of Realtors, North Texas Commercial Association of Realtors, Florida Gulf Coast Association of Realtors, and received the Certified Commercial Investment Member designation from the CCIM Institute. He currently holds the prestigious MAI designation from the Appraisal Institute, and he was the 2018 President of the Gulf Coast Chapter after serving multiple leadership roles including the Government Relations Chair for AI Region X. He is also a Member of the Aggie Real Estate Network.
