What is Westplan?
Westplan is a Dutch-American real estate developer specializing in the creation of rental housing within rapidly expanding cities across the southeastern United States. Headquartered in Atlanta, the company's model involves developing apartment complexes and subsequently selling them to end investors. This approach aims to deliver above-average returns while managing associated risks. Over its 30-year operational history, Westplan has successfully completed 62 rental housing projects, consistently achieving an average annual Internal Rate of Return (IRR) of 15%. The company's current development pipeline includes projects in key metropolitan areas such as Atlanta, Charlotte, and Raleigh, reflecting a strategic focus on markets with strong demographic and economic growth.
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
PPP
Public-Private Partnership
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Westplan?
With significant late-stage capital backing, Westplan is poised to expand its development pipeline and potentially enter new high-growth urban centers within the southeastern US. The company's proven track record of delivering profitable rental housing projects and its established relationships with investors suggest a continued focus on scaling operations. Future strategic moves may involve acquiring new development sites, optimizing existing project delivery, and potentially exploring further debt or equity financing to fuel its growth trajectory in the competitive real estate investment landscape.
See full Westplan company page
