ASSIGNMENT
Hodes Weill Securities, LLC acted as placement agent for Westwind Capital LLP (“Westwind”) in connection with the private placement of interests in Westwind Strategic Opportunities (“WWSO”), a series of joint venture opportunities focused on rental residential assets in the UK.
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OUTCOME/RESULTS
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Westwind has successfully executed two joint ventures as part of its WWSO portfolio series with approximately £72.5 million of commitments from institutional investors.
The WWSO I – London Living Portfolio comprises four modern Private Rental Sector multifamily properties in central and commuter London locations. The portfolio was acquired in an off-market transaction from a distressed publicly-listed European real estate company.
The WWSO II – River Portfolio includes a newly developed 206-unit residential scheme in Greater London, acquired at a 20%+ discount to bulk-sale comparables from a leading UK homebuilder.