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Waypoint Residential Announces $200+ Million in Property Sales to Fundrise

·1 min read

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/

Contacts

Arriann Weiss
VP, Marketing and Communications
(203) 210-2773
aweiss@waypointresidential.com