Waypoint Residential Commences 6 New Developments Totaling More Than $325 Million

Expands footprint to Northeastern and Western U.S.

BOCA RATON, Fla.–(BUSINESS WIRE)–Waypoint
Residential, LLC, a vertically integrated real estate investment
firm focused on the U.S. rental housing sector, announced development on
six projects for a total investment of more than $325 million. These
investments include expanding into the Northeastern and Western United
States with projects in Hackensack, New Jersey and Denver, Colorado.

Waypoint also launched its new Walcott and Volaris brands. Both Walcott
and Volaris properties are designed to offer luxury multifamily living
with high-end finishes and amenities. Walcott is designed for urban
areas, current projects include Denver, CO, Hackensack, NJ and
Jeffersonville, IN. Tampa and Sarasota, FL are the locations for the
first Volaris projects, which cater to suburban communities.

Recent Waypoint developments include:

• The Walcott Denver, a 122-unit multifamily project in Denver, CO.
  Located in the popular Jefferson Park neighborhood, Waypoint broke
  ground on the project in October 2018 and expects to complete
  construction in 2020. The property is designed to offer high-end
  amenities within walking distance to restaurants, boutiques, nightlife
  and an RTD rail station, as well as convenient automobile access to
  downtown Denver, Interstate 70 and Interstate 25.
• The Walcott Hackensack, a 235-unit multifamily development in
  Hackensack, NJ that broke ground in early December 2018 and is slated
  for completion in 2020. Located on a highly desirable core urban
  infill site in Hackensack’s rapidly revitalizing downtown, The Walcott
  Hackensack is a luxury, transit-oriented development just blocks away
  from a New Jersey transit station and a bus stop with service to
  Manhattan.
• The Walcott Jeffersonville, a 214-unit apartment community in
  Jeffersonville, Indiana’s Old Jeffersonville Historic District
  opportunity zone on the Indiana side of the Ohio River immediately
  across from Louisville. In addition to market-leading finishes and
  luxury amenities, the Walcott Jeffersonville is well located in the
  center of a revitalizing downtown and will provide easy access to
  Louisville’s employment, recreation and entertainment options.
  Construction is targeted for completion in mid-2020.
• Volaris Live Oak in Sarasota, FL, which is Waypoint’s second property
  in the area, is a 300-unit project consisting of 6 four-story luxury,
  elevator buildings centered around a clubhouse, fitness center and
  other amenities. Construction began in November 2017, and leasing
  commenced in January 2019. Volaris Live Oak is located approximately
  five miles east of downtown Sarasota, near the 880,000 square-foot
  University Town Center Mall.
• Volaris Starkey Ranch in Tampa, FL is a 384-unit “traditional
  neighborhood development” style apartment project with a combination
  of two-, three- and four-story buildings, as well as a large
  clubhouse, fitness center and resort-style pool. Volaris Starkey Ranch
  is the only rental project in the Starkey Ranch master-planned
  community. Construction began in November 2017, and leasing commenced
  in January 2019.
• Estraya Georgetown, a 270-unit, Class A apartment community with a
  grand clubhouse and a resort-style pool on more than 15 acres in
  Georgetown, TX, approximately 25 miles north of downtown Austin. The
  Estraya Georgetown is prominently situated on the site of a former
  horse ranch at the top of one of the highest bluffs in Georgetown
  overlooking Southwestern University. The groundbreaking took place in
  December 2017. Pre-leasing is expected to begin in mid-2019.

“These projects illustrate the breadth and depth of Waypoint’s approach
to conventional multifamily development in urban and arterially
connected suburban markets around the country,” said Eric Hade, Chief
Development Officer. “We see continuing opportunities to pursue great
sites in a wide range of primary, secondary and tertiary cities with
diverse economies, vibrant populations and attractive quality of life
attributes.”

About Waypoint Residential

Waypoint Residential, LLC (“Waypoint”) is a vertically integrated real
estate investment firm specializing in rental housing. With six offices
nationwide, the company acquires and develops conventional multifamily,
student housing and senior housing properties throughout the United
States. Founded in 2011, Waypoint’s investment activity totals exceed $3
billion across more than 22,000 units.

Contacts

Arri Weiss
(678) 527-5999
mediarelations@waypointresidential.com