Waypoint Residential Announces $200+ Million in Property Sales to Fundrise
BOCA RATON, Fla.--(BUSINESS WIRE)-- Subsidiaries of Waypoint Residential recently sold three Waypoint-developed conventional multifamily communities to Fundrise for more than $200 million. Two of the communities are located in Florida and the third is located in Texas.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210511005336/en/
Volaris West Kernan (top left), Volaris Starkey Ranch (top right), and Estraya Georgetown (bottom). (Photo: Waypoint Residential)
Volaris Starkey Ranch, a 384-unit Class A community completed in 2019, is located in Tampa. The Class A Volaris West Kernan community was completed in 2020, totals 301 units, and is located in Jacksonville. Estraya Georgetown, a 270-unit Class A community completed in 2020, is located 30 minutes north of downtown Austin, Texas. Each of these communities provide residents with top-of-market finishes and amenities.
About Waypoint Residential
Waypoint Residential (“Waypoint”) is a vertically integrated real estate investment firm specializing 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.
About Fundrise
Fundrise, through its subsidiary RSE Capital Partners, is a principal investor in exceptional residential and commercial real estate across the United States. Fundrise has invested in over $5 billion of institutional-quality real estate, including over 20,000 multifamily units in 25 states.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210511005336/en/
Arriann Weiss
VP, Marketing and Communications
(203) 210-2773
[email protected]
Source: Waypoint Residential
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Faraday Future Receives Letter from Nasdaq Regarding Form 10-K Filing
- Portland General Electric declares dividend
- Biosenta Announces Private Placement Financing
Create E-mail Alert Related Categories
Business Wire, Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!