What is Westplan?
Headquartered in Atlanta, Westplan specializes in the development of multi-family rental housing across high-growth metropolitan corridors, including Charlotte and Raleigh. With a legacy spanning three decades, the firm has successfully executed 62 projects, consistently delivering an average annual internal rate of return of 15%. The company operates on a sophisticated business model that focuses on the development of premium apartment communities, which are subsequently divested to institutional end-investors. This strategy allows Westplan to mitigate market volatility while capitalizing on the sustained demand for quality rental housing in rapidly expanding urban centers.
The firm's operational excellence is rooted in its deep understanding of regional demographic shifts and its ability to identify undervalued land parcels in high-barrier-to-entry markets. By maintaining a disciplined approach to project selection and construction management, Westplan has established itself as a reliable partner for investors seeking exposure to the resilient multi-family asset class.
How much funding has Westplan raised?
Westplan has raised a total of $358K across 2 funding rounds:
Debt
$150K
Debt
$208K
Debt (2020): $150K with participation from PPP
Debt (2021): $208K led by PPP
Key Investors in Westplan
PPP
Public-Private Partnership
What's next for Westplan?
With the recent influx of capital, Westplan is well-positioned to accelerate its development pipeline and expand its footprint in the southeastern United States. The firm is expected to prioritize the acquisition of new sites in emerging urban hubs, further diversifying its portfolio of high-performing rental assets. As the demand for modern, well-located housing continues to outpace supply in these regions, Westplan's strategic focus on institutional-grade developments will likely remain a key driver of its long-term growth. Future initiatives will likely involve scaling operational efficiencies and strengthening relationships with institutional partners to sustain its impressive IRR performance in an evolving macroeconomic landscape.
See full Westplan company page
