Invests both as LP and GP, creating smart, flexible partnerships

In the fourth quarter of 2017, Willton partnered with a leading Southeast-based regional developer to construct a 351-unit, Class-A multi-family rental project in South Tampa. The development is part of a larger master planned mixed-use community with 1.5 miles of waterfront on Old Tampa Bay.

The Tampa-St. Petersburg MSA is one of the fastest growing job markets in Florida, and boasts one of the lowest vacancy rates in the state. Willton saw that the development was a unique opportunity to partner with a best-in-class merchant builder at an attractive land basis on a fully entitled project in a master planned community, surrounded by luxury townhomes, condos, and high-end rentals. Willton successfully exited from the project upon sale of the stabilized property in 2020.

In the fourth quarter of 2017, Willton joint-ventured with a highly successful and well regarded regional developer to construct a 224 unit, Class A, multi-family rental community in Federal Hill, one of the most sought after neighborhoods by affluent millennials and young professionals in the entire Baltimore, MD submarket. With unobstructed views of the Inner Harbor and the Baltimore skyline, the property issituated along Key Highway just south of the Biltmore CBD.

The project possessed a unique opportunity for Willton to invest in an urban market with strong economic drivers, a highly educated workforce, irreplaceable location and land basis in a highly constraint submarket.

In the second quarter of 2018, Willton joint-ventured with a local Chicago developer to construct a 19 story, 265-unit, class A rental in the affluent suburb of Oak Park, which sits 15 miles west of downtown Chicago. The project provided Willton an opportunity to invest alongside a well-capitalized developer in an urban market with limited new supply and tremendous barriers to entry as only four new projects have ever been delivered over a 25-year period in the submarket.

In the fourth quarter of 2017, Willton partnered with a nationally recognized builder, backed by one of the largest public pension funds in the United States, to develop a 244-unit Class A apartment community in Philadelphia’s desirable Main Line region.

The “Main Line” refers to the affluent western suburbs of Philadelphia, which are home to elite public and private high schools, universities and social clubs. As one of Philadelphia’s most sought-after residential enclaves, Chester County residents earn the highest average income of any county in Pennsylvania, among the top 10 counties nationally. The development provided Willton with an opportunity to partner leading national developer in a high barrier-to-entry submarket with exceptional demographics. Willton successfully exited the deal in 2020 upon stabilization.

In the third quarter of 2018, Willton joint-ventured with a local, New Jersey developer to construct a 208-unit, Class A multi-family rental project located in Northern, New Jersey. The property sits along the NJ Transit station with access to New York City in less than 25 minutes.

This unique investment provided Willton with an opportunity to invest in a transit-oriented development, at an attractive land and development basis, with one of New Jersey’s top multi-family developers in an extremely difficult market to acquire and entitle land.

Located within walking distance of the Greenbelt Metro Station and business district, this fully-entitled $81 million project comprises a 354-unit Class-A amenitized garden apartment community with the highest quality construction in the market. Motiva consists of 335,000 rentable square feet, 412 parking spaces, and 36 private garages. Community amenities include a clubhouse, game room, fitness center, heated pool and 24-hour security.

Willton partnered in a joint venture with a leading national multifamily apartment builder to complete construction of the project during a turbulent pandemic period. Motiva Greenbelt had its moving grand opening ceremony in September of 2022, with local government officials and business partners in attendance, reflecting the community’s appreciation for their newest apartment complex. After the buyout in 2024, WIM now holds 100% ownership.

Willton invested in a joint venture with a publicly traded national developer to develop a Class-A rental apartment community (the “Lumara”) in Phoenix, AZ. Lumara is located in Deer Valley, a 10-minute commute to TSMC chip plant, 5-minute drive to Happy Valley Towne Center and employers such as USAA, Wells Fargo, and Farmers Insurance, and just a short trip from Downtown Phoenix and local hotspots. This project features impeccable style and elegant comfort around every corner, inspiration and rejuvenation in desert living. The Deer Valley submarket will continue benefit from strong and consistent job growth and rent growth, driven by the $40 billion TSMC Arizona investment.