Home News Waypoint Sells Three Multifamily Properties to Fundrise

Waypoint Sells Three Multifamily Properties to Fundrise

Subsidiaries of Waypoint Residential, a real estate investment firm, has sold three Waypoint-developed Class A multifamily properties to online real estate investment platform Fundrise.

Subsidiaries of Waypoint Residential, a real estate investment firm, has sold three Waypoint-developed Class A multifamily properties to online real estate investment platform Fundrise for more than $200 million. Two of the communities are located in Florida and the third is located in Texas.

Volaris Starkey Ranch, a 384-unit community completed in 2019, is located in Tampa. Volaris West Kernan, located in Jacksonville, has 301 units and was completed in 2020. Estraya Georgetown, a 270-unit community completed in 2020, is located 30 minutes north of downtown Austin, Texas.

Waypoint recently launched its preferred equity investment program in order to provide capital to multifamily developers and closed its first preferred equity investment earlier this year.

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, with a focus on the Sunbelt region. Waypoint’s investment activity exceeds $4.5 billion across more than 28,000 units.

Fundrise, through its subsidiary RSE Capital Partners, is a principal investor in residential and commercial real estate across the United States. Fundrise has invested in more than $5 billion in real estate, including 20,000+ multifamily units in 25 states.

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