Waypoint Real Estate Closes First Preferred Equity Investment
Waypoint Real Estate Investments, a real estate investment firm, has closed its first preferred equity investment.
Waypoint Real Estate Investments, a real estate investment firm, has closed its first preferred equity investment. While the amount was not disclosed, the investment will be used to develop vertical and horizontal infrastructure on the final 149 undeveloped acres within Trinity Lakes, a 1,600-acre master planned residential and mixed-use community in Fort Worth, Texas.
The company indicated that 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, which focuses on acquiring, developing, and operating properties across the rental housing sector, recently launched its preferred equity investment program in order to provide capital to multifamily developers.
Waypoint Real Estate Investments, formerly Waypoint Residential, specializes 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.
