A private real estate investment firm focused on providing high quality market rate housing in emerging markets.

White Paper Strategies specializes in the acquisition, re-positioning and management of residential real estate.

Our primary goal is to create a safe and enjoyable living environment for our tenants and above average returns for our investors. Our projects seek to balance low risk, cash flow stability, capital preservation, and long-term capital appreciation.

  • 10-12%

    Cash on Cash

  • 2.02-2.50x

    Equity Multiple

  • 3-5

    Year Hold Period

  • 20%+

    Average Annual Return

Our focus is on fostering tax-advantaged, long-term capital growth through both joint-venture opportunities and highly curated, institutional-quality housing syndication projects.

We balance cash flow consistency, capital preservation, and mid to long-term capital appreciation while providing the most superior risk-adjusted returns available in the private markets.

Our process achieves results not based on speculation or trends.

1. WPS Identifies Opportunities

From start to finish, WPS handles the process of finding high-quality real estate opportunities and negotiates the purchasing and financing on your behalf.

2. You Invest as a Limited Partner

WPS focuses on B and C grade multifamily assets with significant upside potential. This product class offers investors a low-risk opportunity with high profitability.

3. WPS Creates Forced Appreciation

The value of each asset is increased by reducing expenses and increasing revenues. WPS does this through improving the buildings to a quality that commands higher rental rates.

4. You Receive Distributions

You reap the benefits of your ownership of cash flow-positive assets in addition to WPS’s best-in-class operational oversight and management services which compounds the asset’s value at sale.

Multifamily syndications are sophisticated investments for accredited investors.

  • Real estate syndication is the process of pooling funds from multiple investors – usually between 2 and 10 people but sometimes as many as hundreds of investors to finance the purchase of a property (or properties).

    In exchange for your investment, you’ll receive a percentage of ownership in the form of equity units or shares. These units entitle you to a portion of the rental income generated by the property as well as a share of the profits if and when the property is sold.

    The lead investor, or syndicator, is responsible for finding and vetting investment opportunities and managing the property’s day-to-day operations. But they may delegate some responsibilities to third-party professionals.

    This structure has several benefits for the investors and the project itself.

  • Private investors can get involved in a real estate project without the pain of managing a property.

    And for the project, it means that experienced professionals handle all the details and management.

    Real estate syndication allows investors to tap into more considerable capital. This can be especially helpful for new investors who may not have the financial wherewithal to go alone.

    Some other benefits of real estate syndication include:

    • Reduced risk: By investing in a syndicate, you spread your risk across multiple properties and real estate investors. This can help protect you from the potential downside of any particular investment.

    • Increased potential return: Pooling your resources with other investors gives you access to a larger pool of capital, increasing your potential ROI.

    • Improved diversification: By investing in a syndicate, you can gain exposure to a broader range of properties and markets. This can help improve your portfolio’s diversification and reduce your overall risk.

    • Ease of entry: Syndication provides a simpler and easier way to start real estate investing, especially if you’re new.

  • There are several factors that will affect your potential return, including the type of real estate being syndicated, the location, the business plan, the property management fee, the management team’s experience and track record, and more.

    Every syndication is structured differently, so the projected returns can vary quite a bit. However, what we can tell you about are the types of returns most investors can expect.

    When you invest in a real estate syndication, you can expect to receive both ongoing cash flow returns (typically to the tune of about 7 – 10% per year, on average), as well as profits from the sale of the asset. The total return on a typical syndication can range from 1.8x to 2x equity multiple.

    For the majority of our investments, when you factor in the profits from the sale after the 3-5 year projected hold time, the average annual return typically comes to around 15-20%.

    Of course, there are no guarantees when it comes to real estate investments, so your actual return could be higher or lower.

  • When you participate in a group investment opportunity as a limited partner, you can expect regular quarterly cash flow payments up to the date of sale 3-5 years from the purchase date.

    During that time, the asset typically goes through a value-add strategy. That could involve anything from making cosmetic improvements to renovating and adding new amenities.

    The goal is to increase the property’s value so that occupancy remains high, rent can be brought up to market value, and when the business plan is complete, the asset sells for a profit.

    After each year’s tax season, a limited partner will receive a Schedule K-1 report that will be shared with their accountant for the purposes of individual tax return preparation.

  • At a high level, an accredited investor is a person or entity that’s allowed to participate in certain securities offerings.

    Usually, these securities are more complex or sophisticated investment offerings that may not be registered with financial authorities. This ensures that any investors who participate are financially savvy enough to fully understand and evaluate the risks of potential investments and thus don’t need the protections that come from a registered offering. These types of exempt securities offerings, which include many real estate syndications, are called private placements.

    While some private placements can be open to non-accredited investors who have a personal connection with the investment leads [for example, 506(b) offerings], many are open to accredited investors only [for example, 506(c) offerings].

    As long as you meet at least one of the following requirements, you are considered an accredited investor in the eyes of the SEC. Based on the type of private placement offering, you may be required to “prove” your accredited status in order to qualify to invest.

  • The first and most common way to qualify as accredited is via financial requirements. This means that you meet either an income threshold or net worth requirement, or both.

    Income Requirement

    The first requirement is based on income. To qualify as accredited via the income requirement, you must:

    • Have an annual income of $200,000 (or $300,000 for joint income with a spouse or spousal equivalent)

    • Have been at this income level over the last 2 years

    • Expect to earn the same or higher income this year

    Net Worth Requirement

    The second way to qualify as accredited is via the net worth threshold of $1 million or more, not counting your primary home, either on your own or together with your spouse / spousal equivalent.

  • Yes, it is possible to reassign self-directed retirement accounts for the length of the syndication.

  • When you participate in a group investment opportunity as a limited partner, you can expect regular quarterly cash flow payments up to the date of sale 3-5 years from the purchase date.

    During that time, the asset typically goes through a value-add strategy. That could involve anything from making cosmetic improvements to renovating and adding new amenities.

    The goal is to increase the property’s value so that occupancy remains high, rent can be brought up to market value, and when the business plan is complete, the asset sells for a profit.

    After each year’s tax season, a limited partner will receive a Schedule K-1 report that will be shared with their accountant for the purposes of individual tax return preparation.

  • One of the biggest benefits to investing in real estate are the tax advantages. When you invest in a real estate syndication, you are essentially purchasing shares of an LLC (or similar entity) that owns the underlying asset.

    This structure allows you to take advantage of what are known as pass-through taxation and the related depreciation deduction.

    Because an LLC (limited liability company) is a disregarded tax entity, the tax benefits of real estate ownership – including depreciation and cost segregation – are passed through to you as a passive investor.

    Pass-through taxation means that the income (and expenses) from the real estate investment “passes through” to the individual investors and is only taxed at the individual level.

    The depreciation deduction allows you to take a tax deduction each year for the wear and tear on the real estate asset. This is a non-cash deduction, which means you can deduct it even if you don’t actually receive any cash distributions from the investment.

    Each year, you would receive a schedule K-1 showing your income and losses for the syndication. In many cases, due to cost segregation and accelerated depreciation, the paper losses can be quite substantial, particularly in year 1.

    This means that you could show a paper loss, even while you continue to collect ongoing passive income quarterly. This is a great benefit, because it allows you to offset other income from your other investments.

  • Once you wire in the necessary capital, your active role in the investment is complete. Your money will go into an escrow account where it will be held until the deal closes.

    Soon, you will become a co-owner of the real estate property alongside other real estate investors. Once the deal closes, you should hear from the sponsor immediately, with guidance on next steps and what to expect during the life of the investment.

    You will begin receiving regular distributions from the property’s income, which can be deposited directly into your bank account.

    You should expect to receive quarterly updates reporting on occupancy, any value-add components, progress on the business plan, financial reports, and ongoing preferred return distributions.

  • Real estate syndication presents both risks and benefits. Some potential risks include market fluctuations, economic uncertainties, unexpected property expenses, and changes in regulations. Investors should also consider the potential illiquidity of their investment, as real estate is typically a long-term commitment.

    Syndication offers benefits such as reduced risk through diversification, increased potential return through shared investment, access to professional management, and the opportunity to participate in larger real estate projects that may not be feasible individually. It is essential for investors to carefully weigh these risks and benefits before making any syndication investment decision.

  • Real estate syndications and Real Estate Investment Trusts (REITs) are both investment vehicles used to invest in real estate, but they differ in several ways:

    • Ownership: Real estate syndications involve direct ownership of a specific property, while REITs allow investors to own shares in a portfolio of properties.

    • Liquidity: REIT shares are generally more liquid than real estate syndications, as they can be bought and sold on a public exchange.

    • Regulation: Real estate syndications are subject to securities laws and typically require a private placement memorandum, while REITs are regulated by the SEC and must file periodic reports.

If you are an Accredited Investor interested in learning more about how to participate in a future offering, please fill out our investor form.