What is Westplan?
Headquartered in Atlanta, Westplan operates as a specialized Dutch-American developer with a primary focus on the multi-family residential sector. By targeting rapidly urbanizing cities, the company bridges the gap between institutional demand for stable, income-generating assets and the acute need for modern rental housing. Over a three-decade operational history, Westplan has successfully executed 62 distinct projects, maintaining a disciplined investment thesis that prioritizes risk-adjusted returns. Their business model, which centers on the development and subsequent divestment of apartment complexes to end-investors, has consistently yielded an average annual internal rate of return of 15%. This performance metric positions Westplan as a high-authority player in the regional real estate development landscape, characterized by a sophisticated approach to site selection and asset management.
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?
Looking ahead, the deployment of this recent capital will likely accelerate Westplan's pipeline in the southeastern United States, where demographic shifts continue to drive demand for high-quality rental inventory. As the firm scales its operations, the focus will remain on optimizing project delivery timelines and maintaining the rigorous underwriting standards that have defined its 30-year history. By leveraging its deep local market expertise and established relationships with institutional capital partners, Westplan is well-positioned to navigate the complexities of the current macroeconomic environment. The strategic allocation of these funds will likely support the acquisition of new development sites and the advancement of existing projects, ensuring the company remains at the forefront of the regional multi-family development sector.
See full Westplan company page
