Asset Manager

Updated:

SageWater

SageWater was founded in 1988 and is led by Peter M. Page Jr.

SageWater

SageWater was founded in 1988 and is led by Peter M. Page Jr. The firm evolved from an insurance restoration business into a turnkey engineering and construction company focused exclusively on the aging plumbing and mechanical systems inside occupied condominium and apartment buildings. Its work spans drain, waste and vent systems, domestic water supply lines, HVAC hydronics, and fire sprinkler retrofits. SageWater operates across the full project lifecycle — forensic pipe testing, engineered redesign, and turnkey replacement — entirely within occupied mid-rise and high-rise communities. Its asset-class coverage includes condominiums, multifamily rental apartments, and cooperatives, with a geographic footprint that reaches the lower 48 states and Hawaii. The firm has completed demonstrations at named properties such as Island Colony and Palace Lofts Condominiums, as well as recent engagements at Muse ATL and Palm Beach House Condominiums. It also performs pipe-test forensic analyses for owners and managers who need objective capital-planning data before committing to major system overhauls. SageWater operates from joint headquarters in Alexandria, Virginia, and Honolulu, Hawaii, using a hub-and-spoke deployment model to service properties nationwide. The company discloses work across more than 135,000 residential units and cites active trade-association affiliations with multiple CAI chapters — including Gold Coast, Hawaii, Keystone, and Washington Metropolitan — which it uses for educational content and business development. The firm has not disclosed total revenue or asset figures. No philanthropic foundation or adjacent investment vehicle is identified in public records. SageWater's structural distinction lies in its single-contract, resident-in-place delivery model for whole-building infrastructure replacement. Most general contractors avoid system-wide pipe replacement in occupied high-rises because of the resident-relocation and staging complexity. SageWater has built proprietary project-management and resident-communications protocols around that exact challenge, which creates a narrow but deep competitive moat inside the multifamily real estate operating-expenditure cycle — one that institutional owners and condo boards cannot easily replicate through local subcontractors.

General information

Firm type

Asset Manager

Year founded

1988

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Alexandria

Corporate office

Alexandria, VA, United States

Additional offices

Honolulu, HI

Principals

Peter M. Page, Jr.

Not specified

David Schanuel

Not specified

Eric Lecky

Not specified

Sector focus

Real EstateInfrastructurePrivate Credit

Frequently asked questions

Who runs investment decisions at SageWater?

SageWater does not structure itself as an investment manager allocating third-party capital; it is an operating company that serves multifamily real estate owners. Leadership is anchored by Peter M. Page Jr., with a management team listed on the firm's website. Specific investment-committee or deployment-authority roles are not publicly disclosed.

How does SageWater source its project pipeline?

SageWater's pipeline comes from direct relationships with condominium and co-op boards, multifamily apartment owners, and property managers who are confronting aged or defective mechanical systems. The firm also generates leads through CAI chapter affiliations and educational content aimed at helping community associations plan for infrastructure capital expenditures.

Does SageWater participate in fund commitments or only direct projects?

SageWater does not manage a fund. It operates as a direct service provider under a single-contract construction model. There is no evidence of pooled investment vehicles, co-investment funds, or third-party LP relationships.

What investment stages or property types does SageWater target?

The firm works across the full lifecycle of a building's infrastructure — from forensic diagnosis and capital planning through design and turnkey replacement. Its work concentrates on mid-rise and high-rise multifamily properties, including condominiums, cooperatives, and rental apartments, across garden-style, luxury, and affordable housing stock.

Which sectors or geographies does SageWater avoid?

SageWater's scope excludes new ground-up construction. The firm focuses on rehabilitation inside existing, occupied buildings. Geographically, the firm states it operates across the lower 48 and Hawaii, with no public indication of international projects.

Where does the underlying capital come from?

SageWater is a private operating company. The source of its corporate capital and the identity of any external equity partners are not publicly disclosed.

Does SageWater maintain any philanthropic or adjacent investment structures?

No philanthropic foundation, donor-advised fund, or separate investment vehicle appears in public records. The firm's public-facing activity is limited to its construction and engineering operations.

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