Waypoint Residential sells three assets for $200m

Subsidiaries of Waypoint Residential recently sold three Waypoint-developed conventional multifamily communities to Fundrise, a subsidiary RSE Capital Partners, for more than $200 million. Two of the communities are located in Florida and the third is located in Texas.

Volaris Starkey Ranch, a 384-unit class A community completed in 2019, is located in Tampa, Fla. The class A Volaris West Kernan community was completed in 2020, totals 301 units, and is located in Jacksonville, Fla. Estraya Georgetown, a 270-unit class A community completed in 2020, is located 30 minutes north of downtown Austin. Each of these communities provides residents with top-of-market finishes and amenities.