Home News Waypoint Residential Taps Industry Veteran as CEO of Affiliated Broker-Dealer

Waypoint Residential Taps Industry Veteran as CEO of Affiliated Broker-Dealer

Waypoint Residential LLC, a real estate investment firm focused on the U.S. rental housing sector, has hired Albert Haworth as chief executive officer of Waypoint Financial Group.

Waypoint Residential LLC, a real estate investment firm focused on the U.S. rental housing sector, has hired Albert Haworth as chief executive officer of Waypoint Financial Group, the company’s affiliated broker-dealer that will distribute Regulation D private placements and other securities offerings sponsored by Waypoint to individual investors via the independent broker-dealer and registered investment advisor channels.

“Al Haworth is a 35-year veteran of the financial services community with an impressive track record working with independent broker-dealers and registered investment advisors,” said Scott Lawlor, chief executive officer of Waypoint Residential. “We’re excited that he has taken the helm of Waypoint Financial Group as we expand our Reg D private placement offerings to institutional partner firms across the horizon of RIAs and broker-dealers, enabling Waypoint to further expand our capital raising efforts across the United States. “

Haworth was most recently CEO of Preferred Capital Securities, an underwriting broker-dealer for Preferred Apartment Communities (NYSE: APTS), where he launched funded a non-listed preferred stock offering that raised approximately $1.5 billion. Haworth was also instrumental in structuring the company’s $500 million mShares preferred stock offering, which was designed as a managed money product for fee-based RIAs.

“Like many other institutional investment sponsors, Waypoint Residential is working to address the growing demand from wealth advisors and individual investors for alternative offerings that may provide valuable portfolio diversification benefits and opportunities that are non-correlated to the often-volatile world of traded securities,” said Haworth. “I am honored to lead these efforts as CEO of Waypoint Financial Group, and to provide our broker-dealer and RIA partners quality investment offerings and institutional-level support.”

Haworth earned a bachelor’s degree in political science and economics from San Jose State University. He is a registered investment advisor and registered representative who has earned FINRA Series 7, 24, 63 and 65 securities licenses.

Founded in 2011 and with six offices nationwide, Waypoint Residential acquires and develops conventional multifamily, student housing and senior housing properties throughout the United States. Waypoint said its investment activity totals approximately $3.4 billion across more than 24,000 units.

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