2023 Predictions Panel

Hear from the following panel of local industry experts on their predictions for 2023 on a variety of real estate topics of interest to Capital Region investors., such as interest rates, inflation, markets, finance, legislation, and other topics.  

Ravi Modasra
Broker/Owner, Bluebird CRE

Ravi S. Modasra is a New York State Licensed Real Estate Broker at BlueBird Commercial Real Estate, LLC and has been an active licensed real estate professional since 2012. His real estate experience includes all aspects of buying, selling and leasing real estate. Mr. Modasra has represented landlords, tenants, buyers and seller in several industries with an extensive focus on hospitality and hotel product. Mr. Modasra brings tremendous value to Hotel investors and is well versed in all aspects of Hotel & Hospitality Brokerage including land and property acquisition, all states of development, financing, franchising and repositioning-dispositioning of assets. Prior to working in real estate, he had over a decade of real-world experience as principal for several hospitality holdings in New York State.
A third-generation businessman, Mr. Modasra understands the inherent goal of any business, to make a profit, and prides himself on building long lasting relationships with clients. Mr. Modasra is also Vice President and principal owner of The Mohawk Companies (mohawkcompanies.com), a full-service real estate development and management company based in Schenectady, New York.
Mr. Modasra graduated from Siena College with a B.S. in Accounting degree. He is a board member of New York State Commercial Association of Realtors (NYSCAR) Greater Capital Area Chapter, a board member of Commercial and Industrial Real Estate Brokers, Inc. (CIREB) and a board member of Rotary Club of Scotia District 7190.

Phil Wagner
Wagner Real Estate Group

Philip Wagner was born and raised in Schenectady, NY, and has been a resident of Saratoga county for 20 years. He lives in Ballston Spa with his wife and two sons. He started as a mortgage broker in 1998, and became a real estate agent to promote his business. Ever since, he has been really passionate about real estate, having closed over 2000 transactions. Philip brings a level of experience that is unparalleled. He has the knowledge, experience and integrity to get deals done quickly and professionally. Philip's primary focus is to cater to every need of our clients, providing a superior experience starting from time of listing or offer to purchase, to closing and beyond. Philip's hobbies are cars, snowboarding and travelling.

Peter Prosper
President, Prosper First Capital

Peter A. Prosper, III is the President and Owner of Prosper First Capital. He has been in the business for almost 30 years and his experience has ranged from Underwriting and Quality Control to Loan Origination to Branch/Division Manager before starting this company.   He is a lifelong resident of the greater Albany, NY region, graduated from Union College with a major in Mathematics/Minor in Economics, and has a wife and three children.  Throughout the years Pete has built his business through long-term connections within his local community, as well as partners in Connecticut and Florida. Pete's drive for customer satisfaction is matched with his ability to communicate with clients and meet their needs. The same can be said for the relationships he keeps with over 35 lenders he has built portfolios with over the years.