Company: Prestige-Riz Communities
Location: Atlanta, Georgia, United States
Sohail Choudhry, Foundation at Prestige-Riz Communities, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in real estate development.
When Mr. Choudry was growing up, he originally considered a career in science, but his father recognized his skill in commerce when he sold gum for a dollar apiece and gradually expanded his nascent business. Over the years, he has parlayed his sales and entrepreneurial skills into a successful career in developing million-dollar properties.
From 2007 to 2011, Mr. Choudry prospered as senior managing director of Global Investments, LLC, where his $10-billion portfolio included an assortment of high-level properties, from hotels and resorts to industrial and agricultural developments. He then found much success as a consultant with BuySide Group Inc. from 2010 to 2013 and Epoch Financial Group in Atlanta from 2013 to 2015. As owner and broker with Prestige Brokers Group LLC beginning in 2012, he has helped his company consistently exceeds $30 million in sales annually and in 2018, he founded the premier real estate development Prestige-Riz Communities.
Mr. Choudhry attributes his success to his hard work and family, particularly his wife for her support and encouragement to excel. When he was a teenager, he was in a vehicular accident that almost took his life. According to him, he was a class clown and a popular student who did not take education seriously and being involved in a vehicular accident was a wakeup call for him. While at home recovering, he was able to watch an infomercial about real estate at two o’clock in the morning, which kindled his interest in the industry and inspired him to take his education seriously.
When Mr. Choudhry founded Prestige-Riz Communities he specialized in building structures and selling them to institutional investors. Then, he approached several investors that he knew and developed the company where it is today. The company sells nearly 60% to investors and 40% to retail businesses. Currently, it is building nearly 300 homes a year, and Mr. Choudhry’s goal is to build approximately 500 to 600 homes per year. As a career highlight, he cites his success in representing two different hedge funds, which involved a portfolio of about 80 to 100 homes a month.
In the coming years, Mr. Choudhry hopes to grow and expand his businesses in different markets. He also hopes for the continued success of his companies. Personally, he would like to continue to support his family, as he and his wife will be having their second child.
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