Rockpoint targets assets with intrinsic long-term value, at attractive prices relative to replacement cost and stabilized cash flows, and with particular emphasis on value creation opportunities and complex situations. The joint venture is initially focusing on targets within Waltons existing Master Plans and over 81,000-acre land portfolio across the U.S. Waltons experience in land and our large network of top builders, coupled with the institutional knowledge Rockpoint brings to the BTR space, strategically positions this joint venture to create needed housing for people across the country who are choosing to rent versus own, said Bill Doherty, CEO of Walton Global commenting on the joint venture. Mr. Walton is responsible for the overall operations and management of Rockpoint, as well as overseeing the origination, structuring and asset management of all of Rockpoints investment activities. Walton Global has formed a joint venture with Rockpoint to develop build-to- rent communities across the United States. Those buildings are collectively valued at $18 Rockpoint brings significant experience to this investment portfolio in the single-family rental market including both build-to-rent communities and the acquisition of existing homes, focusing on high-quality, well-located housing in select growth markets throughout the US. Together, the two vehicles represent more than $5.8 billion in capital commitments. Mr. Walton serves as a Director of Florida Rock Industries Inc., since 2003. Mr. Sturm was a founder and Treasurer on the Board of Directors of LISTnet from 1997 to 2015, for ten years was the Chairman of the Board of Directors for the Long Island High Technology Incubator that assisted technology industry startups, from 2013 to 2019 was the Treasurer on the Board of Directors of Gold Coast Villas Association and previously served as the Chairman of the Finance Committee for the Town of Huntington, on the Board of Directors of the Huntington Chamber of Commerce and president of the Board of Directors of the Association of Government Accountants. Web2018. WebWilliam H. Walton is a Managing Member and co-founder of Rockpoint and is responsible for the overall operations and management of Rockpoint, as well as overseeing the The company manages and administers US$3.6 billion in assets on behalf of its global investors located in 73 countries, builders and developers and industry partners. Mr. Walton became a Director upon the listing of our Class A common stock in January 2021. Wooden Companions Declares Grand Opening of 204-Unit Alta Washington Luxurious Condo Neighborhood in Houston, Texas, Preservation Fairness Fund Advisors Acquires 198-Unit Freedom Village Reasonably priced Residence Neighborhood Serving Seniors in Illinois. BOSTON, June 16, 2020 /PRNewswire/ -- Rockpoint Group, a global real estate investment management firm, today announced the final close of its latest The opinions expressed herein are those of the publisher and are subject to change without notice. Creative Middle East Media. To learn more about Rockpoint, visit www.rockpoint.com. Variations within the floor plans and elevations do exist. He is responsible for our overall operations and management and is heavily involved in the origination, underwriting and structuring of all investment activities. Rockpoint was founded in 2003, when five managing members of investment firm Westbrook Real Estate Partners Bill Walton, Greg Hartman, Jonathan Paul, Keith Gelb and Pat Fox left to launch their own business. Only Walton and Gelb are still with Rockpoint, according to its website. To be updated with all the latest news, offers and special announcements. The Blackstone presentation was attended by several of the Investment Offices portfolio managers. He is responsible for the overall operations and He is a Director of Crow Family Holdings. WebBill Walton is Co-Founder and Managing Member of Rockpoint Group, a global real estate investment manager based in Boston. markets.". We believe owning your DREAM home should always be within reach. The joint venture is initially focusing on targets within Waltons existing Master Plans and more than 81,000-acre land portfolio across the U.S. Waltons experience in land and our large network of top builders, coupled with the institutional knowledge Rockpoint brings to the BTR space, strategically positions this joint venture to create needed housing for people across the country who are choosing to rent versus own, said Bill Doherty, CEO of Walton Global. The joint venture will supply housing solutions in high growth states. Rockpoint co-founder Bill Walton said, This joint venture is a natural extension of our 26-year history of providing high-quality rental housing in demand-driven In 2013, Ms. Parekh joined the Jacksonville Jaguars, a professional football franchise based in Jacksonville, Florida, as vice president and general counsel and, in 2016, was promoted to her current position as senior vice president and chief legal officer. "Tom Gilbane, executive director of Rockpoint, added," We believe that single-family homes will become a key asset class for many institutional real estate investors. Lorem ipsum dolor sit amet consectetur adipisicing elit. Number of Organizations that the person founded, Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Where the person is located (e.g. Prior to co-founding. Mr. Zalupski is the Founder, President and Chief Executive Officer of Dream Finders Homes and has served as Chairman of the Board of Directors since January 2021 upon completion of an IPO (Nasdaq: DFH). Bill Walton Professional Experience / Academic History. Rockpoint intends to invest up to $300 million in equity in Waltons Build-to-Rent (BTR) line of business that is expected to total up to $1 billion in real estate assets. degree from Harvard College. WebRockpoint Group, L.L.C. Ms. Parekh manages the legal, technology, security, capital improvements and people development teams at the Jacksonville Jaguars. Walton recounted the time Wooden bailed him out of jail after the 6-11, red-headed star attended a peace rally at UCLA. Mr. Sturm retired at the end of 2014 as an audit partner in the New York office of KPMG after a thirty-seven year career conducting financial statement audits of primarily public companies and audits of internal controls under Section 404 of the Sarbanes-Oxley Act. Since 2016 Mr. Sturm has also served as a member of the Board of Directors and Chairman of the Audit Committee of Jolley Holding Aruba, which consists of numerous companies that operate commercial real estate, car dealership, car rental, retail and wholesale businesses. GNC Shareholder Recordsdata RICO Claims in Delaware Federal Court docket, Alleging For Two Designers, a Onetime Collaboration Wasnt Sufficient. For more information visit walton.com. Waltons BTR platform was launched in 2021 with the goal of offering new housing solutions in high demand home and rental markets. President, Chief Executive Officer, Director. Mr. Walton maintains offices in Jacksonville and Boston. DL-Walton@lavidge.com, Internet Explorer presents a security risk. To execute the BTR strategy, the joint venture is partnering with top national and regional home builders to develop the communities. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Bill Walton, co-founder of Rockpoint, referred to the platform in a prepared statement as a lower-risk vehicle.. Walton has over 40 years of real estate investment, development, and management experience. Search over 700 Looking for a particular Rockpoint Capital LLC employee's phone or email? For further information please refer to the Terms of Use. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. Resicap's fully integrated real estate platform offers expertise in the acquisition, construction and management of high quality rental apartments with offices in 34 states and 59 markets. Mr. Walton received an A.B. Contacts: Lambert & Co. Caroline Luz 203-656-2829 [emailprotected]or Lisa Baker 914-725-5949 [emailprotected], Cision Distribution 888-776-0942 Rockpoint targets assets with intrinsic long-term value, at attractive prices relative to stabilized cash flows, and with particular emphasis on value creation opportunities and complex situations. Please try again. June 14, 2022 Walton Global, a real estate investment and land asset management company with US$3.6 billion under management, announced today a joint venture with Rockpoint, a real estate private equity firm based in Boston, to support the growing demand for single-family homes in the form of rental communities across the Waltons BTR platform was launched in 2021 with the goal of offering new housing solutions in high demand home and rental markets. 12 Million. Walton has an initial pipeline of approximately 3,500 units in expanding MSAs such as Atlanta, Austin and Jacksonville, that are targeted to be part of the joint venture. Mr. Walton is co-founder and managing member of Rockpoint Group, LLC ("Rockpoint"), a global real estate investment management firm. Mr. Walton is responsible for the overall operations and management of Rockpoint, as well as overseeing the origination, structuring and asset management of all of Rockpoint's investment activities. Find contact info for Rockpoint Capital LLC employees. He has served on the board of managers of DFH LLC since December 2014. Rockpoint has significant experience in the single-family rental market including both build-to-rent communities and the acquisition of existing homes, focusing on high-quality, well-located housing in select growth markets throughout the United States. The Board of Directors has determined that Mr. Sturm qualifies as an audit committee financial expert, as such term is defined in Item 407(d) of Regulation S-K. Mr. Weatherford brings more than two decades of governance, financial and risk management expertise to the Dream Finders Board. Co-founders Bill Walton and Keith Gelb said, "As we mark our 25th anniversary, we appreciate the confidence of our limited partners, who have reaffirmed their support of our fundamental value investment approach. In 2012, prior to the founding of Weatherford Capital, Mr. Weatherford made history as the 84th Speaker of the Florida House of Representatives, becoming the youngest presiding officer of any state legislative chamber in the United States at the time. He served as a Director of The St. Joe Co." [1], As Allied Small Business Investment "moved into the big time, so did Walton, who became a pillar of the local establishment. from 8 AM - 9 PM ET. from Harvard Law School. 2020 All Rights Reserved By The Commercial Real Estate News. That was the turning point in our relationship, he said. We are excited to partner with Resicap, a leading owner, operator and operator in the single family -Lettable space. Features and elevations may vary. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Keywords. WebRockpoint employs a fundamental value approach to investing and focuses on select product types located primarily in major coastal markets in the United States. Mr. Sturm also served on the Defense Contractor Committee of the American Institute of CPAs (AICPA) and co-authored the Government Contractors Industry Audit Guide. Ms. Parekh became a Director and Nominating and Governance Committee Chair upon the listing of our Class A common stock in January 2021. Walton Global, a real estate investment and land asset management company with US$3.6 billion under management, announced today a joint venture with Rockpoint, a real estate private equity firm based in Boston, to support the growing demand for single-family homes in the form of rental communities across the United States. To execute the BTR strategy, the joint venture is partnering with top home builders to develop the communities. Please wait while you are redirected to the right page Exit-Focused Pre-Development Land Investment, Land Acquisition and Development Financing (LAD). [1], "Prior to co-founding the firm in 1994, he served as a Managing Director at the Real Estate group at Morgan Stanley, which he joined in 1979. Mr. Lovett previously served on the board of directors of EverBank Financial Corporation (formerly a publicly traded company) and was the chairman of the Youth Crisis Center and the Jacksonville Jaguars Honor Rows Program and is currently on the board of directors for Florida Prepaid College Plans. With more than 43 years of experience, Walton has a proven track record of administering land investment projects within the fastest growing metropolitan areas in North America. Enter employee name to find & verify emails, phones, social links, etc. Looking for a particular Rockpoint Capital LLC employee's phone or email? Rockpoint intends to invest up to $300 million in equity in Waltons Build-to-Rent (BTR) line of business that is expected to total up to $1 billion in real estate assets. No credit card required. Dream Finders Homes is a national home builder committed to helping buyers have a unique experience by personalizing each home to fit their lifestyle while also offering quality and affordability. Mr. Lovett received an A.B. Rockpoint intends to invest up to $300 million in equity in Waltons Build-to-Rent (BTR) line of business that is expected to total up to $1 billion in real estate assets. Rockpoint owns stakes in 178 buildings across the U.S., Germany, Great Britain and Japan, according to RCA. from Princeton University and received a Master in Business Administration from Harvard Business School. Which Cities Have the Finest Offers for Single Renters? Together, Rockpoint and Resicap anticipate the purchase, renovation and rental of 4,500-5,000 high-quality single-family homes at prices affordable for residents of established suburban neighborhoods in the Southeastern United States, Florida and Texas. This page was last edited on 6 December 2014, at 01:37. (WREP). Rockpoint Group 500 Boylston Street, Suite 1880 Boston, MA 02116 (617) 437-8400 Website info@rockpointgroup.com Rockpoint Group is a Boston-based real He traveled the country in Allied's corporate jet and by 2007 was earning just under $11 million in cash and stock, and he had houses in Washington's Kalorama neighborhood and in Little Washington -- Washington, Va. Your subscription could not be saved. Europe, Menlo Park, China), Where the person is located (e.g. Prior to joining Water Street Capital, Mr. Udelhofen researched businesses at growth-oriented mutual fund, Fred Alger Management. Boston-based Rockpoint plans to invest up to $300 million in equity in Waltons build-to-rent projects, according to an announcement from Walton on the joint Northeastern US Investors with Funds Raised in 2016, Boston Companies With More Than $10M in Revenue, Real Estate Investment Companies With More Than 10 Employees, New England Investors with Funds Raised in 2014, New England Companies With Less Than $500M in Revenue (Top 10K), Greater Boston Area Companies With More Than 50 Employees. Ms. Parekh received an A.B. Up to 5 As of March 31, 2022, Rockpoints investment team with others has invested or committed to invest in 483 transactions with a total peak capitalization of approximately $76 billion (inclusive of fund equity, co-investor equity and debt). All rights reserved 2022. in Psychology from Harvard University. Mr. Sturms extensive leadership experience, his experience as a Certified Public Accountant during his career as an audit partner, his background of assisting publicly traded companies address their financial reporting requirements and his Board experience, both as an audit partner and as a member, makes him qualified to serve on our Board of Directors. The joint venture is initially focusing on targets within Waltons existing Master Plans and more than 81,000-acre land portfolio across the U.S. Waltons experience in land and our large network of top builders, coupled with the institutional knowledge Rockpoint brings to the BTR space, strategically positions this joint venture to create needed housing for people across the country who are choosing to rent versus own, said Bill Doherty, CEO of Walton Global. Prior to founding Durant Partners, Mr. Udelhofen worked from 2006 to April 2016 at Water Street Capital, a multi-billion-dollar private investment firm in Jacksonville, Florida. He has served as president of the National Symphony, treasurer of Wolf Trap, a trustee of the National Gallery of Art, a member of the Federal City Council, and a director of the American Enterprise Institute and the U.S. Chamber of Commerce. Rockpoint has significant experience in the single-family rental market including both build-to-rent communities and the acquisition of existing homes, focusing on high-quality, well-located housing in select growth markets throughout the United States. Mr. Sturm has served as a member of the Board of Directors since October 2022. The Grateful Dead took the stage at The Centrum in Worcester, Massachusetts, on Nov. 4, 1985. Walton is co-founder and managing member of Rockpoint Group, LLC ("Rockpoint"), a global real estate investment management firm. He currently serves on the board of directors of the following companies: DocuFree Corporation and TowerCom, LLC. Bill Walton is a 6-11 junior center from Helix, Calif. who is the best college basketball player ever. Offerings of real estate investments by the Walton Group will be conducted in accordance with applicable laws or available exemptions therefrom and pursuant to documentation prepared in accordance with applicable laws. We are excited to partner with Resicap, a leading owner, operator and operator in the single family -Lettable space. He has served as the CEO of the primary operating subsidiary, Dream Finders Homes LLC since forming the company in December 2008, and as the Chief Executive Officer and a member of the board of managers of DFH LLC since its formation in 2014. TowerCom, Ltd and TowerCom Development, LP have each generated over 90% compounded annual rates of return for their investors. With Resicap company Rockpoint expects to become a leading investor in the single family home arena. In 2003, he co-founded and has since served as a managing member of Rockpoint Group, L.L.C. The Walton Group of Companies, including affiliates and related entities the (Walton Group) do not make any representation or warranty about the accuracy, currency or completeness of this website or its content, or suitability for any purpose of any investment. Mr. Weatherford also recently served as Co-Chairman of the Host Committee for Super Bowl LV in Tampa, Florida. Address. Prior to Southcoast Capital Corporation, Mr. Lovett worked for the Lincoln Property Company and in the Corporate Finance Department of Merrill Lynch. WebIn addition to his responsibilities at Rockpoint, Mr. Walton is a co-founder and Managing Member of Westbrook Real Estate Partners, L.L.C. Ms. Parekh currently serves as a director on the board of directors of the Jacksonville Jaguars Foundation, Inc. and the Florida Sports Foundation, Inc. and as a manager on the board of managers of the Black News Channel, an American broadcast television news channel based in Tallahassee, Florida targeting the African American demographic. Rockpoint utilizes a consistent strategy across distinct return profiles through its opportunistic and growth and income investment programs. (WREP). (WREP). In that capacity, Mr. Sturm assists in Board oversight of the integrity of the financial statements, the monitoring and management of financial risks, the effectiveness of internal financial controls, compliance with regulatory requirements and the work of the independent auditors and the Internal Audit function. He also oversees the origination, structuring, and asset management of all of Rockpoint's investment activities. There is no recent news or activity for this profile. 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