Waypoint Residential, LLC, a vertically integrated real estate investment firm focused on the U.S. rental housing sector, has hired Scott Smith as senior managing director. In his new role, he will provide leadership to the product development and capital markets efforts of Waypoint’s independent broker-dealer and registered investment advisor channel.
“Scott’s strong reputation in the industry and extensive knowledge and management of securitized alternative investments for retail investors will accelerate Waypoint’s access to the well-established and deep sources of IBD and RIA real estate capital,” said Scott Lawlor, chief executive officer of Waypoint Residential.
Before joining Waypoint, Smith was CEO of FactRight LLC, a due diligence firm with more than 500 financial advisory firms as clients. Prior to this, he served as director of alternative investments at Ameriprise Financial where he directed a group of analysts and product specialists in the management of private real estate funds and structured products.
Waypoint Residential, founded in 2011 and with six offices nationwide, the firm acquires and develops conventional multifamily, student housing and senior housing properties throughout the United States. Waypoint’s investment activity totals approximately $3.7 billion across more than 25,000 units.