Western Wealth Capital bolsters bench strength for eastern expansion

Jay O’Connor to oversee acquisition opportunities in new U.S. Markets

North Vancouver, Canada (April 16, 2018) – Western Wealth Capital (WWC), a growth-focused real estate investment company is pleased to announce the
appointment of Jay O’Connor as Director of Acquisitions. O’Connor will oversee acquisition opportunities in Southern and Eastern United States.

O’Connor has nearly 30 years’ experience in the real estate industry with extensive acquisition, disposition, operational, and financial responsibilities in the multifamily and commercial arenas. He has been involved in $3.5-billion worth of multifamily and commercial transactions. O’Connor has in-depth experience in sourcing, due diligence, underwriting, financing, title, survey, 1031 exchanges, and transaction management through closing and asset stabilization. Previously, O’Connor was Executive Vice President of Acquisitions at Domain Communities.

O’Connor’s appointment is part of WWC’s focus on prudently building out its team in line with the company’s growth plans, says Janet LePage, CEO.

“We are excited to have someone of Jay’s experience and track record join our leadership team to help expand our footprint,” says LePage. “By being disciplined with our acquisition and operations strategy, we’ve been able to scale up significantly in a market over a short timeframe. We are now positioning ourselves to scale up in new markets that possess our investment principles.”

WWC has largely built its southwestern U.S. multifamily rental portfolio over a three yearperiod, generating consistent investor returns and improving communities. The company is currently the second largest multi-family owner in the Phoenix area by number of units and has acquired three multifamily communities in San Antonio since entering the region in November 2017.

“Western Wealth Capital has built up a well-deserved reputation for delivering on what they say they’re going to do. A lot of that success is predicated on a proven acquisition and operating model led by a team that is pin-point strategic, energetic and determined. I am excited to be part of their growth story,” says O’Connor.

WWC has a disciplined six-stage strategy. We acquire undervalued multi-family rental properties; carefully allocate capital to accretive improvements; optimize operations to increase the asset’s net cash flow and valuation; refinance to return equity to investors; and, when appropriate, divest.

To date, WWC has acquired 41 multi-family communities (7,845 total units) for a total purchase value of US$661.5 million. Our current portfolio, net of divestments, includes 28 multifamily unit rental buildings (5,975 units).

About Western Wealth Capital

We have a singular focus: create wealth through well-selected real estate investment. We acquire underperforming multifamily rental properties and increase net operating income and valuation through an approach that has been successfully applied across our entire portfolio. We manage these assets, distribute resulting cash flow to investors and, when appropriate, divest. We only focus on markets underpinned by the economic fundamentals of population, employment and GDP growth. Our entry point is when these demand drivers place long-term pressure on vacancy rates and rental pricing. To date, we have invested in the Phoenix and San Antonio markets. Our execution and results have formed strong relationships that give us access to some of the best multifamily investment opportunities in the American Southwest.

Media and photo requests:
Glen Edwards
gedwards@national.ca

Contact Us

For more information:
604.260.4789
info@westernwealthcapital.com
www.westernwealthcapital.com

No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.