Watt Capital Partners aims to partner with developers that act as “boots on the ground” and institutional partners that will provide project equity. Two projects currently under construction include a 7 story self-storage facility in the North Miami Beach, Florida submarket and a 135-unit podium style multi-family project in the heart of Salt Lake City, Utah. These projects are joint ventures with Schulman Properties, Mountain Pacific, Watt Investment Partners, and Walton Street who all have long-standing partnerships with Watt ventures and with whom we have successfully executed development projects.
Watt Capital Partners is constantly evaluating our portfolio for underutilized land for development. As new bills are introduced through state legislation, it makes it easier to build affordable housing. WCD intends to capitalize on these opportunities in its existing portfolio, or on future acquisitions.
We also plan to enhance our residential portfolio, maximizing our occupancy while providing value to our tenants. We will do this by working directly with market participants to bring housing units to the property. While supply chain issues have left residents unable to procure a home, WCP intends to step in and facilitate, for the benefit of the tenants. We strive to listen to our tenants by surveying and understanding their needs, all while maintaining competitive pricing. Using data and modern analytics we select the highest yielding attributes and implement them into the communities.