WayMaker
Firm Headquarters: Southlake, TX
Date Founded: 2020
This Page was Updated September 2020
Investment Approach
INVESTMENT THESIS
We target out-performance BECAUSE of impact. This paper by Witten Advisors shows Apartment Life teams increase property value on average over $3m dollars. We are layering this performance lift with a compelling asset selection strategy of suburban Class B assets in “Fine Nine” cities that we believe will out-perform the rest of the market. Finally, we are purchasing assets with below average online reputations (think 1-2 stars on Google) to lift their reputation with world-class operations, loving on people with Apartment Life, and sector-leading reputation and revenue management software. We believe this can all come together for potentially low core asset risk.
INVESTMENT OVERVIEW
Suburban Class-B mult-family assets with established cash flow. Target cash flow of 5% rising to 7%, and total IRR target of 12%.
Capital Raise Strategy
Strategy: Fund
Total Properties Under Management: 0$
Total Assets Under Management: $0
Investments to Date: Under 10
Total Number of Investors: 0
Average Investment: TBD
% of Capital from Top 3 Investors: Less than 25%
Minimum Amount: $1 M
Financial Reporting Frequency to Investors: Quarterly
Setup to accept charitable capital through the National Christian Foundation or other listing platforms? Yes
Focused Geographic Regions of Investment:
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Is all of your activity in the US? Yes,
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Texas, Georgia, Florida, Tennessee, and South Carolina in what we call the “Fine Nine” cities:
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What countries outside of the US are you active in
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N/A
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Focused Industries of Investment:
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Multi Family – Existing
Company Differentiator:
Team experience. Low-risk strategy. Goal to list as a faith-driven publicly traded REIT on public exchanges within five years.
Investment Example:
A suburban Class B multi-family asset in Plano Texas that recently completed a value-add face lift, but still has a 1.7 star review average on Google. Goal to acquire, input world-class operations team, Apartment Life team, revenue management software, asset management software, and online reputation tools to improve resident experience, lift online reputation, and lift net operating income.
Previous or Active Portfolio PROPERTIES:
New Fund. Team has 3,000+ transactions of experience and over $100B assets under management
Leadership Team
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Cumulative Leadership Experience in Accredited Investing: 50 or More Years
Wade myers | Entrepreneur, investor, advisor
Wade Myers is a serial entrepreneur, investor, advisor, author, and speaker that has founded, invested in, and been a director of scores of companies and has completed over 100 financing and M&A transactions.
He is the founder and CEO of Capital Works, an award-winning digital investment banking firm, and is also a founder and general partner of Eagle Venture Fund, a global seed capital firm. Wade’s previous ventures include a global SaaS-based big data company and an Inc. 5000 nationwide SaaS-based property management firm that has grown to be the fourth-largest firm in an industry of 6,500 competitors since he founded the company in 2004.
His other work experience includes the Boston Consulting Group and he was a national-level executive at Mobil Corporation. Wade also served as an Airborne Ranger in the US Army where he was a decorated veteran of the Gulf War. He is a Baker Scholar graduate of Harvard’s MBA program and is married with five children. He is a contributor to Inc. Magazine, Forbes, Huffington Post, and Apple News.
Team and CULTURE
While not complete, one of the things investors have found helpful in the past is seeing how employees, customers have reviewed someone online. As of the date of completing this out …
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Glass Door Rating: n/a
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Facebook Review Rating: n/a
Spiritual Integration and Impact:
Faith Driven Investing can span a wide range from high yield to concessionary returns that have a higher level of spiritual integration. Having clear expectations of this philosophy is key for the movement. Each investment is unique and you might want to select multiples but if you had to choose one quadrant that best fits your groups spiritual integration and financial performance targets … What would it be?
High Spiritual Integration and Above Market Financial Return.
Apartment Life teams on average drive more than $3m in equity value, so we believe our out-performance will be driven by the impact in our portfolio.
Describe the Spiritual Integration Activities:
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Our spiritual integration is driven by our partnership with Apartment Life. Our investment team is mostly current and former board members of Apartment Life. Our tenants will mostly experience our integration through the Apartment Life teams. We also start many WayMaker internal team meetings with prayer and seeking The Lord. We are committed to iterating to more and more spiritual integration in everything we do.
Is Impact and Spiritual Integration Tracked?
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We will leverage Apartment Life’s impact metrics tracking to report the impact of our portfolio.
A lot of Investing Conversations look at Social Impact related to the United Nations Sustainable Development Goals. Is there one of these that most resonates with your organization?
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#8 Decent Work and Economic Growth. We have experienced working in companies led by believers and one of our goals is to create amazing jobs under Christian leadership.
WHY The FAITH DRIVEN INVESTOR?
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Why are you compelled to be certified and a part of the Faith Driven Investor Group?
We are fans of the FDI movement. We believe a Faith-Driven REIT would be a great addition to the FDI asset map for non-accredited investors, and a publicly traded REIT is our goal.
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Does the leadership align with the Unifying Principles on Faith Driven Investor and agree to the Code of Conduct? Yes
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Who nominated you to be listed on the FDI site? Pete Kelly, Apartment Life
AFFILIATIONS- Are you a part of any third party groups, affiliations that you would like to list here?
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Wes Lyons is a Certified Kingdom Advisor.
Learn More
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Key Contact Name: Wes Lyons
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Phone: 443 203 8014
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Email: wes@waymakerfunds.com
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Mailing Address: 550 Reserve Street, Suite 280, Southlake, TX