Western Wealth Capital sale of Oakridge nets 37% annualized return

Disciplined, precise approach producing consistently strong returns

North Vancouver, Canada (Nov. 1, 2017) – Western Wealth Capital (WWC), a growth-oriented real estate investment company, is pleased to announce the completion of its sale of Oakridge, a multifamily unit building in the company’s Arizona portfolio.

WWC purchased the 282-unit multifamily building in August 2015 for $17 million (all figures $US). WWC has now sold the multi-family community for $23.97 million – a 41% increase to acquisition price. Net of capital investments on building improvements, investors in Oakridge received an annualized return of 37%, in line with the company’s overall portfolio performance.

The investor returns underline the company’s consistent execution of its business strategy from acquisition through to operations and divestment, says Janet LePage, Chief Executive Officer of WWC.

“Over the last three years we have significantly built out our team while still maintaining our precise investment approach which has allowed us to generate pace and scale in terms of activity,” says LePage. “We remain active in identifying new opportunities in Phoenix and other regions that possess our investment attributes.”

WWC’s investment strategy typically has a three-to-five year horizon. WWC divests either when it is accretive at the end of the time horizon, or we receive an offer that exceeds our business plan targets.

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.