Ep. 30: Asymmetric Returns in Hospitality and Multifamily - Roman Pedan - Founder & CEO of Kasa

Roman Pedan is the Chief Executive Officer of Kasa Living, Inc., a flexible accommodations brand he founded in 2016.

Roman has over a decade of experience in real estate investing and technology entrepreneurship. He was an early team member at KKR's Real Estate Private Equity group where he worked on hotel transactions totaling $1.2 billion across the U.S. and was involved in every hotel transaction that KKR closed during his tenure. Roman was also an early team member at Juniper Square, a market-leading investment management platform, and was the founder of a startup called book.ly, a profitable, vertical e-commerce website that sold more than $15mm of textbooks.

In this episode, Brandon and Roman discuss:

• Bridging Computer Science and real estate
• Building Kasa Living
• Trends in hospitality

Links:

Kasa Living

Roman on LinkedIn

Roman@Kasa.com

Brandon on LinkedIn

Juniper Square

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Topics:

(00:00:00) - Intro

(00:01:12) - Introducing Roman and Kasa

(00:04:02) - Roman’s career

(00:08:02) - Bridging computer science and real estate

(00:11:27) - Building Kasa

(00:23:09) - Kasa’s metrics today

(00:26:48) - How do you optimize for success between Kasa and the owner/landlord?

(00:30:28) - How do your management contracts work with owners?

(00:32:19) - Why does Kasa work in a hotel?

(00:36:34) - What trends have you seen in hospitality over the lifetime of the business?

(00:40:57) - Do you face any regulatory challenges?

(00:44:54) - Do your properties operate as both multifamily and hospitality?

(00:46:39) - Where does Kasa fit in the OpCo/PropCo model?

(00:51:23) - What are you looking forward to most over the next 12 months?