Waypoint CEO Scott Lawlor talks about the surge in mortgage rates, housing prices, the rental market and housing starts. He's on Bloomberg Television. (Source: Bloomberg)

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.

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.

With Fund II, Waypoint Expands its Access to High-Quality Multifamily Investments

Waypoint Residential plans to develop a 240-unit apartment complex on 20 acres that it purchased last month near the Catawba River.

Scott Lawlor’s Waypoint Residential is shifting its focus toward ground-up development in the Sunbelt, a strategy the Boca Raton-based private equity manager believes presents a strong potential hedge against ballooning inflation and looming interest rate hikes.

With Fund II, Waypoint Expands Access to High-Quality Multifamily Investment to Mid-Sized Institutional and Private Investors

Waypoint Residential has closed its subsidiary’s inaugural closed-end commingled fund with $103 million in Fund I equity, Commercial Observer has learned. The company completed $1.94 billion in total investment activity across the U.S in 2021, including $661 million from 10 acquisitions and $1.28 billion from 23 sales.

Waypoint Residential has purchased the 79-unit Vickers Historic Roswell ("Vickers"). Vickers, a luxury community, is in the heart of Roswell, Georgia, approximately 30-minutes north of Atlanta.

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.

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.

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. Jack Brundige identifies the top 10 components of the multifamily investment due diligence process for multifamily assets.

Nationally, the apartment market is 94-95% occupied— fundamentals that make our CEO Scott Lawlor confident in the continued growth in the multifamily sector. See the rest of his interview on Bloomberg TV's Money Undercover with Lisa Abramowicz.

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These investments include expanding into the Northeastern and Western United States with projects in Hackensack, NJ and Denver, CO.

Lexington’s robust growth is fueling rental demand. Population in the MSA has grown by 8.4% since 2010.

“Riverside and Harbor Cove illustrate Waypoint’s ability to capitalize on value enhancing investment opportunities,” said Scott Lawlor, CEO.

Waypoint Residential recently sold The Moderne at Village of Providence, located in the Village of Providence community of Huntsville, Alabama.

Waypoint acquired Cordova Creek in late 2013 and invested more than $1.1 million to upgrade kitchens, bathrooms and exteriors.

The garden-style property is located 15 miles north of downtown Raleigh in the Heritage at Wake Forest master-planned community.