WEP acquires non-performing note on 2.2 acre parcel of land in downtown Miami. Property zoned for 2 million SF mixed-use development project. Note acquired in partnership with large NYC-based hedge fund.
In the largest multifamily transaction in the State of Kentucky in 2012, WEP acquires the 689-unit Park at Hurtsbourne in partnership with funds associates with Och Ziff Capital Management. In its initial year of operation during 2012, WEP's multifamily platform acquired approximately $150.0 million of properties.
WEP establishes hospitality platform with the acquisition of two properties: a $50.0 million hotel and office mixed-use project in Lexington, KY and a select service hotel in the emerging growth market of Montrose, CO.
An affiliate of WEP has made its third follow-on investment in New York City-based Dataminr which helped close the $34.0 Million Series C round. Other investors in the Series C round were Venrock Partners (Apple, Intel) and Institutional Venture Partners (Netflix, Zynga). Dataminr is a technology company that has developed a Social Media Analytics Platform for financial industry professionals and government agencies.
Merrimack Pharmaceuticals, Inc., a long-term portfolio company investment of WEP's private equity group, completes its IPO through JP Morgan Chase under the symbol "MACK." WEP and private investment funds under its management had previously invested approximately $24.0 million in the company.
WEP acquires and sells notes on two neighborhood shopping centers located in Boca Raton and Boynton Beach, Florida. The notes, which were purchased from a major money center bank, had a face value in excess of $33.0 million.
WHARTON EQUITY PARTNERS is an actively-engaged private equity firm focused on real estate and corporate investments. Since its inception as a developer of large-scale residential communities 25 years ago, Wharton Equity has played a hands-on role in every investment it undertakes by coupling its extensive operational experience, with a sophisticated knowledge of macro-economic trends, capital markets and institutional alliances.
- Peter C. Lewis participated on the panel, "Private Capital Investing: Who and How They are Investing in Florida" at the CBRE Multi-Housing Summit held at the Four Seasons in Miami on October 8th.
- Peter C. Lewis spoke at the EisnerAmper Real Estate Private Equity Summit on September 24th at McGraw-Hill Conference Center in New York City on the "Putting Together JV for a Highly Contested Property" panel
Peter C. Lewis talks with National Real Estate Investor about how WEP courts and manages relationships with high net-worth investors and family offices and how they are capitalizing on real estate trends.
WEP’s Peter C. Lewis, pictured above, spoke at a recent Bisnow Multifamily Annual Conference in Washington, DC on the topic of “Finding Value in Secondary Markets & Value-Add Opportunities.” Mr. Lewis observed that secondary markets still need a solid employment base with room for growth to remain attractive investments.