Waypoint Real Estate Investments Announces the Close of First Preferred Equity Investment
Waypoint Real Estate Investments ("Waypoint") concluded 2020 with the close of its first preferred equity investment. The investment in Trinity Lakes will be used to develop vertical and horizontal infrastructure on the final 149 undeveloped acres within the mixed-use section of this 1,600-acre transit-oriented master-planned community in Fort Worth, Texas. Once the infrastructure is in place, the subdivided parcels are anticipated to be sold to various developers to construct a mix of commercial and residential projects.
Waypoint recently launched its preferred equity investment program. The company has extensive experience acquiring, developing, and operating properties across the rental housing sector. The expansion into preferred equity will enable Waypoint to provide capital solutions to multifamily developers.
"We're excited to launch our latest initiative of providing capital solutions and further increasing Waypoint's footprint in the rental housing sector," said Scott Lawlor, Chief Executive Officer of Waypoint Real Estate Investments.
About Waypoint Real Estate Investments
Waypoint Real Estate Investments ("Waypoint") is a vertically integrated real estate investment firm specializing in the rental housing sector. Founded in 2011 and with four offices nationwide, the firm acquires, develops, operates, and finances multifamily rental properties throughout the United States, focusing on the Sunbelt region. Waypoint's real estate activities exceed $4 billion across more than 28,000 units.
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