With Fund II, Waypoint expands its access to high quality Multi-family investments

BOCA RATON, Florida., April 26, 2022 /PRNewswire/ — Residential Waypoint announced that its subsidiary’s Mixed Closed-End Fund II has raised more than $50 million in equity, representing a quarter of the targeted fundraising, within 60 days of its launch. Fund II quickly follows the close of Fund I with $103 million in equity and marked the end of a very active 2021 for Waypoint, which totaled $1.94 billion in investment activity across the United States

“The depth of our investment activity in a context of continued economic fluctuations reflects the strength of our team, as well as our compelling development and funding plan,” said Scott Lawlor, CEO of Waypoint and General Partner of Waypoint. “This business also demonstrates the tremendous potential for bottom-to-bottom developments in high-growth markets, particularly in Florida and key Sunbelt markets, such as Phoenix, dallas and the Carolinas.

Fund II seeks to raise $200 million in total equity, and will be used to continue to focus on development in the Sunbelt. Waypoint has designed this funding round to appeal to both institutional and mid-sized private investors who have historically had limited opportunities to invest in a diverse pool of high-quality apartment developments. Waypoint intends to begin making investments using Fund II equity before the end of April.

About Waypoint Residential

Waypoint Residential is a vertically integrated developer, owner and operator specializing in multi-family Class A communities, focused on high growth markets in the Sunbelt region United States. Waypoint was created in 2011 by Scott Lawlor, founder and CEO, to acquire, develop and operate multi-family communities that deliver value to residents and compelling risk-adjusted returns to its investors. Waypoint is headquartered in Boca Raton, Florida with regional offices in Atlanta and dallas. Since its inception, Waypoint has developed, acquired and operated more than 31,000 homes in more than 130 properties, representing more than $5.1 billion real estate value. Waypoint has managed investments on behalf of a diverse base of over 2,100 investors, including high net worth individuals, family offices and institutions.

Forward-looking statements

Some of the statements in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will”, “expect”, “believe”, “estimate”, “continuing, “anticipate”, “intend”, “plan” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are subject to the uncertainties inherent in predicting future results and conditions. Forward-looking statements are based on the beliefs, assumptions and expectations of the Fund and Waypoint Residential, taking into account all information currently available to them.These beliefs, assumptions and expectations may change due to many possible events or factors, which are not any of which are known or not under the control of the Fund or Waypoint Residential. Certain factors could cause actual results to differ with likely those projected in such forward-looking statements, including (1) changes in political, economic or industry conditions; (2) the impact of increased competition; (3) the impact of legislative and regulatory actions and reforms, including those related to OZ; (4) the performance of the Fund’s investments; and (5) Waypoint Residential’s ability to attract and retain key employees.

The foregoing list of factors is not exhaustive. For more information regarding these risks and uncertainties as well as additional risks, you should refer to the risks applicable to Fund II as described in the Confidential Private Placement Memorandum for Fund II. The forward-looking statements included in this press release speak only as of the date hereof. Fund II and Waypoint Residential undertake no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

This document is not an offer to sell securities and does not solicit an offer to buy securities in any jurisdiction where the offer or sale is not authorized.

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SOURCE Waypoint Residential

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