Waypoint Homes is a vertically integrated investment company that has developed an opportunistic buy & hold strategy for single-family residential real estate. Using an advanced proprietary technology platform, Waypoint has the ability to acquire, renovate and manage thousands of single-family residential real estate assets across numerous markets. The company focuses on acquisitions in infill markets that have meaningful inventories of foreclosed/distressed homes combined with demographic qualities that support lease rates and longer term appreciation potential. GI's venture with Waypoint has enabled the acquisition of more than $300 million in single family rental homes in select markets. Given discounted purchase prices, and with a thesis that assets would reprice at or near replacement cost, GI has witnessed meaningful value creation.
Investment Details
- Initial Investment Date: December 2011
- Status: Current
- GI Role: Sole Investor
Real Estate Initiatives
- Operational orientation calibrated to investment objectives
- Effective management of capital structure
- Active asset and platform management
- Recruitment and retention of exceptional real estate talent
Headquarters
Oakland, CA
