Waterton has plans to diversify its investment strategy by investing in select multifamily ground-up developments, with a focus on joint venture opportunities with local/regional developers in growth markets where demand is predicted to outpace new supply.
The firm will continue its 25-plus year history of investing in multifamily value-add opportunities while also targeting new development opportunities across the Southeastern and Southwestern United States markets.
“With our established track record in the value-add space and our experience with re-developments across markets, we believe the timing is right to expand into ground-up development,” said David Schwartz, CEO and chairman at Waterton. “Demand is clearly outstripping supply in certain markets and current conditions are making it more cost effective to build from the ground up – while our experience and relationships with local developers makes Waterton an attractive partner.”
The shift tak
