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Waypoint Residential Raises $50 Million In Less Than 60 Days In Second Round Of Funding

Apr 26, 2022•about 3 years ago

Amount Raised

$50 Million

Boca Raton

Description

Waypoint Residential has announced that its subsidiary's closed-end commingled Fund II has raised over $50 million in equity, representing one-fourth of the targeted raise, within 60 days of its launch. Fund II follows quickly behind the closing of Fund I with $103 million in equity and marked the end of a highly active 2021 for Waypoint that totaled $1.94 billion in investment activity across the U.S.

Company Information

Company

Waypoint Residential

Location

Boca Raton, Montana, United States

About

Waypoint Residential is a vertically-integrated and specialized developer, owner and operator of Class A market-rate multifamily communities, focused on high-growth markets in the Sunbelt region of the United States. Waypoint was established in 2011 by Scott Lawlor, Founder and CEO, to acquire, develop and operate multifamily communities that offer value to residents and compelling risk-adjusted returns to its investors. Waypoint is headquartered in Boca Raton, FL with regional offices in Atlanta and Dallas. Since its founding, Waypoint has developed, acquired and operated over 31,000 housing units across more than 130 properties, representing over $5.1 billion of real estate value. Waypoint has managed investments on behalf of a diverse base of more than 2,100 investors, including high-net-worth individuals, family offices and institutions.

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