Waypoint Residential has acquired land for the development of five conventional multifamily projects in Texas and Florida, intended to include more than 1,350 units with a total capitalization surpassing $240 million. Each project will be a fully-amenitized, Class A community with top-of-market interior finishes.

Waypoint Residential completed nearly $740 million of total acquisitions and property sales in 2020. Waypoint acquired five operating properties, initiated the ground-up development of three conventional multifamily projects, and participated in its first preferred equity transaction – activity totaling nearly $440 million. During the same period, Waypoint sold seven properties with an aggregate value in excess of $300 million.

Waypoint Residential concluded 2020 with the close of its first preferred equity investment. The investment in Trinity Lakes will be used to develop vertical and horizontal infrastructure on the final 149 undeveloped acres within the mixed-use section of this 1,600-acre transit-oriented master-planned community in Fort Worth, Texas.

JLL Capital Markets announced today that it has closed the sale of Barrington Place and Waterlynn Ridge, Class A multi-housing communities totaling 660 units in the Charlotte, North Carolina MSA. JLL marketed the property on behalf of the seller, Waypoint Residential, and procured the buyer, Greystar.

Due diligence: it’s the practice of minimizing risk and uncovering rewards. Waypoint's Jack Brundige identifies the top 10 components of the multifamily investment due diligence process for multifamily assets.

Watch Scott Lawlor dissect senior and student housing trends and the state of the multifamily market on Fox Business Network “Mornings with Maria”.