Western Wealth Capital makes first acquisitions in San Antonio market

Brynwood and Sereno Park launch company’s strategic expansion

North Vancouver, Canada (Nov. 16, 2017) – Western Wealth Capital (WWC), a growth-oriented real estate investment company, is pleased to announce its first acquisitions in San Antonio, expanding the company’s investment portfolio to a second market outside of Phoenix.

By adhering to a disciplined acquisition and operations strategy, WWC has been able to create scalable, exponential growth, while realizing cost and performance efficiencies, in the Phoenix multifamily market. With the majority of transactions completed in the last three years, WWC has acquired 34 multifamily unit buildings in Phoenix, representing almost 6,000 units, with a combined purchase-value of nearly $440 million. WWC is now the second largest multifamily owner in the Phoenix area by number of units.

After two years of due diligence, WWC has identified San Antonio as meeting all of the attributes of its business strategy. Our first acquisitions are the purchase of Brynwood and Sereno Park multifamily buildings, which include 276 and 204 units, respectively. The two acquisitions were funded by a private equity group.

San Antonio’s job and population growth are driving both vacancy rates and rental prices in an environment with a large inventory of undervalued and underperforming multifamily properties, says Janet LePage, WWC CEO and co-founder.

“We believe San Antonio is at a perfect intersection, providing the lowest investment risk and the longest runway for opportunity,” says LePage. “In terms of timing and potential, San Antonio is at an excellent entry point to create scalable growth.”

WWC has a disciplined six-stage strategy. We acquire undervalued multifamily 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.

Both Brynwood and Sereno Park are located close to highways connecting residents to major employers, have below-market rents compared to similar properties and hold excellent opportunities to upgrade units to increase operating income.

The acquisitions were brokered by ARA, a Newmark Company.

About Western Wealth Capital

We have a singular focus: create wealth through well-selected real estate investment. We acquire under-performing 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

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.