Press Release · December 2, 2024
Wrightwell Team
- Wrightwell will utilize new funding to drive nationwide expansion of its full-service real estate investment and operating platform.
- Together with Bain Capital and Saluda Grade, the strategic partnership seeks to invest up to $300 million to expand multifamily (MF) and build-for-rent (BFR) housing.
- Several seasoned real estate leaders have joined Wrightwell to support its ambitious growth plans.
ATLANTA, Dec. 2, 2024 – Wrightwell, a vertically integrated real estate platform offering comprehensive operational and investment services, announced the close of its latest funding round. Wrightwell also formed a strategic partnership with Bain Capital's Insurance team and Saluda Grade to invest up to $300 million into MF and BFR housing.
"We are thrilled to welcome Bain Capital to our platform and to deepen our longstanding partnership with Saluda Grade," said Anthony DePalma, Co-Founder and CEO of Wrightwell.
The partnership will focus on creating and enhancing affordable housing options for lower- and middle-income families and individuals, combining Bain Capital's and Saluda Grade's investment experience with Wrightwell's end-to-end operational capabilities.
Founded in 2021 as an asset originator, Wrightwell (formerly Vantage) has evolved into a full-service real estate operating and investment platform. Headquartered in Atlanta, GA, Wrightwell currently operates in Arizona, Georgia, North Carolina, South Carolina, and Tennessee.
Key Leadership Appointments
- Chris Poston – EVP of Property and Asset Management (formerly Rothesay Life). Based in Atlanta, GA.
- Mark Woodling – EVP of Brokerage (formerly eXp). Based in Dallas, TX.
- Jonathan Salyer – EVP of Construction (formerly Darwin Homes). Based in Phoenix, AZ.
- Erin Taylor – EVP of Finance and Accounting (formerly Fundrise). Based in Phoenix, AZ.
Contact
hello@wrightwell.coThis press release is for informational purposes only and is neither an offer to sell nor the solicitation of an offer to buy any securities. Forward-looking statements are subject to change without notice.