INTERVIEW: Ryan Millsap wants to go from being a film executive to a congressman
Georgia film executive Ryan Millsap had an unconventional path toward becoming a congressional candidate in Georgia’s open 10th District.
“I’m a commercial real estate guy who was an accidental entertainment entrepreneur, but we need the entrepreneurs to lead the revolution and the renaissance of money making in Hollywood,” Millsap told the Washington Reporter in an interview days after launching his campaign.
When Millsap moved to Georgia over a decade ago his career in commercial real estate took off. “After Lehman Brothers failed in 2008 and the world was a disaster, I partnered with two wealthy family friends of mine in Beverly Hills, and we went out and bought a billion dollars of apartments,” he said. “We raised a lot of money. We raised about $400 million of equity, took about $600 million of debt from Fannie and Freddie and some insurance companies, to buy 8,000 units. It was around 35 deals, and they were all in the southeast. So 4,000 units in Atlanta and 4,000 units in Raleigh, Nashville, Chattanooga, Savannah.”
