Michael Ansusinha
Michael hasn’t even been in real estate for a year, but he’s already establishing himself and his investment firm, Snowlake Group, across Chicago’s south side. Driven by the motto “The best on the block,” the firm focuses on the acquisition and revitalization of affordable housing. After seeing communities suffer from unscrupulous owners and real estate professionals, Michael endeavored to help neighborhoods. “Our vision is to do the opposite of what’s been done,” he says. “And that means being ethical, responsible, and innovative.”
It all started when Michael, after graduating with honors from Northwestern and working with Goldman Sachs and AQR Capital, bought his first investment property. To his surprise, it had drug dealers, homelessness, and an arsonist. Many tenants weren’t paying. Angry at the building’s condition, tenants called the city, and inspectors hit the property with 12 code violations. Then, his manager quit. Not making money, Michael was forced to dig his way out. Only months later, the building is safer and produces 20-30% returns. Since then, Snowlake has been revitalizing housing throughout the area—and Michael has his finger on the pulse of it all, handling operations, acquisitions, and capital raising so that Snowlake can continue making positive changes for southside communities. “Seeing buildings slowly change, that’s what keeps me moving,” he says.
Michael is active on the Associate Board of After School Matters, the Chicago Coalition for the Homeless, and the Lurie Children’s Hospital. He will be a Moelis Fellow at the University of Pennsylvania’s Wharton School (2025).
Michael Ansusinha
Founder & President
Snowlake Group
Website: www.snowlakeventures.com
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