Portfolio

In 2023, Wexford Real Estate Investors acquired a prominently located, 2-story retail and office building in Palm Beach totaling 19,197 RSF, located at 375 S. County Road in Palm Beach, FL. 

We view this investment as a “value-add” opportunity in a core location, with extremely high barriers to entry. Given the building’s location and its attractive presence along S. County Road, we believe with significant investment, the Property can be turned into one of the premier retail and office assets in the Palm Beach market.

Despite its long history of serving seniors as a full-service, independent living community, Casa Del Rio has experienced a number of
operating challenges within the competitive marketplace, exacerbated by COVID, inflation and labor challenges. Further, with a variety of
housing choices for seniors, the market has proven to be very price sensitive, especially considering the fixed-income nature of the tenancy and the competing properties in Del Webb's nearby Sun City.

After studying several options to modify operations (as well as a disposition of the property), WREI determined that a conversion to multifamily was the preferred option.

WREI intends to upgrade and convert 148-unit senior independent living community in Peoria, Arizona, into a 149-unit conventional market rate
apartment community. 

WREI purchased a 4.2-acre development parcel in Coral Springs, FL for the development of a 377-unit multifamily project with 11,525 sq. ft. of ground-floor retail, in an 8-story mid-rise building. 

The land sits in the emerging downtown district of Coral Springs, which is undergoing a meaningfully densification pushed by the City. The City’s aim is to create a central location for its otherwise suburban lifestyle. 

Lantana is a 72-acre mixed use land development in Lantana, FL east of I-95 along Lantana Road. Purchased in 2014, the development is approved for 1,083 residential units and approximately 20 acres of commercial retail.
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Wexford REI developed a 161,500 sq. ft. mixed-use building comprised of approximately 21,200 sq. ft. of retail space, 25,000 sq. ft. of office space, and 60,500 sq. ft. of residential space consisting of 95 rental apartments. Construction began in March 2016 and the building was completed in March 2019. 

WREI is planning the development of a 361-unit, 25-story multifamily rental high-rise building with 42,000 sq. ft. of ground-floor retail. The project is centrally-located, across the street from the Brightline, Related’s 'The Square', and high-end residential, office and retail destinations.

In 2022, WREI purchased a 10,900 sf. two-story commercial building in an “A” location on the east side of the Downtown Aspen Core, a  supply-constrained, high-barrier-to-entry market that has seen rent growth and extensive leasing activity as retailers and high-net worth individuals continue to migrate to Aspen.

In early 2022, WREI acquired the fee‐simple interest in three parcels of land for redevelopment totaling 5.7 acres that are currently improved with two mostly vacant Class B office buildings and surface parking lots located at 400 and 450 S Australian Avenue, and 1010 Clearwater on the western edge of downtown West Palm Beach, FL.

WREI believes there to be a higher and better use for the site than low density Class B office, and is confident in its ability to successfully “up‐zone” the Property to allow for maximum entitlements of 1.74 million sq. ft. of gross building area, with the right to develop a mix of uses.

Elkwood is a fully entitled 13.6-acre development site located at the northeast corner of 4th Street & Butler Avenue in Flagstaff, Arizona. The site will be developed into a mixed-use project comprised of 6,000 square feet of commercial/retail space and 224 multifamily rental apartments, which will be comprised of 4 separate 4-story buildings with 56 units each.

Riverside Place is a covered land play consisting of a 100%-leased retail center totaling 102,105 rentable sq. ft. and a single tenant outparcel leased to Popeyes. The site sits on a 10.8-acre tract of land that is prime for redevelopment with in-place zoning allowing for over 1.0 million sq. ft. of mixed-use development located in Austin, TX.

The Property is located 0.2 miles from Oracle’s Global HQ campus, 2.5 miles from the CBD, 7.0 miles west of Austin- Bergstrom International Airport, and maintains 740 feet of frontage along East Riverside Drive where Austin’s planned light rail expansion will be constructed, connecting the site to the CBD and the airport.

In 2021, WREI purchased a 0.8-acre land development site located in a prime area of Esquimalt (a suburb of Victoria, BC) known as “West Bay”. 

The property is currently in its final step of re-zoning, and Wexford plans to build a 6-story multi-family apartment building comprised of 105 rental apartments, 87 parking stalls, and 132 bicycle stalls.

'Surfside' is a 0.64-acre oceanfront land parcel with 100 feet of linear ocean frontage and a 24-unit apartment building, located in the high-end residential submarket of Surfside / Bal Harbor, Florida. The property is currently encumbered with a ground lease expiring in 2048, with the lessee owning the 24-unit building.

Surfside is directly adjacent to the recently completed Four Seasons Hotel and Residences, in which condo units have sold for as high as $5,000/ sq. ft., making Surfside one of South Florida’s top luxury residential destinations. The land parcel is the beneficiary of high-density zoning allowing for the construction of approximately 75,000 net sellable sq. ft. across 12-stories. The parcel is a short walk from the Shops at Bal Harbor, the Shul of Bal Harbor and the St. Regis Hotel and Condominiums.

AC Hotel by Marriott is a 171-key, 10-story, select service hotel developed in 2022 by WREI on a 0.7-acre site located 200 feet off the boardwalk in Fort Lauderdale Beach, Florida.

The hotel maintains excellent walkability to the beach and food-and-beverage driven retail amenities available along the Fort Lauderdale boardwalk, located 0.4 miles north of E. Las Olas Blvd and just four blocks south of the W Hotel and two blocks north of the Ritz Carlton in the heart of the Fort Lauderdale beach market.

Modera Prominence, is an eight-story mixed-use residential and retail development situated on 2.8 acres in Buckhead, GA at the corner of Lenox Road and Piedmont Road. The project includes 318 apartment homes and 21,000 sq. ft. of retail situated in a retail-focused motor court, as well as fronting the intersection of Lenox Road and Piedmont Road, which boasts some of the highest traffic counts in the Atlanta MSA.

The building’s common area amenities includes a dog spa, bike lounge, co-working space, concierge, social lounge, fitness center, pool lounge and sky lounge. Wexford-directed interior upgrades, including underlit cabinet lighting, programmable thermostats and private roof decks on select units, position the project in-line with many high-rise competitors and is a driving force behind our continued leasing velocity.

"The Boulevard" is a 282-unit mid-rise luxury multifamily building with approximately 27,000 square feet of ground floor retail.

WREI acquired the 2.2-acre development site along the MiMo corridor on Biscayne Blvd in Miami, Florida in June 2017, and completed the project in mid 2022. 

Jacksonville Beach is a 156-key, 5-story hotel development project that will be branded and operated as a Spring Hill Suites by Marriott, located on a 1-acre oceanfront parcel of land with 260 linear feet of beachfront in Jacksonville Beach, Florida. The hotel will include a bar and restaurant overlooking the Atlantic Ocean, a fitness center and a 1,300 square foot pool deck with direct oceanfront views. 

In 2018, WREI acquired the Katie Reed building, a 22,000 sq. ft. commercial building located at 301 East Hopkins Avenue, in downtown Aspen, containing 13,600 sq. ft. of retail space, 6500 sq. ft. of office space, and 2300 sq. ft. of residential space consisting of two workforce housing apartments at regulated rents. The building underwent a substantive renovation which was completed in 2019 and the property is fully occupied today.

All Seasons Ann Arbor is a luxury senior housing project in Ann Arbor Township, Michigan, situated on 31 wooded acres intertwined with walking trails and park-like amenities. The overall project consists of 280 apartments. Phase I, which was completed in January 2021, consists of 156 independent living units and 44 independent living cottages.

Phase II, which is yet to be completed, will include 80 assisted living units and provide memory care support services in those units as needed. The project’s common area amenities include living rooms, lounge areas, dining rooms and private dining facilities with wait-staff service, a state-of-the-art fitness center, indoor/outdoor pool, art studio with kiln, and an 80-person auditorium that can livestream performances across the portfolio.

All Seasons Naples is a luxury senior housing project located in North Naples, Florida. The project, completed in December 2017, includes 186 apartments, with 99 independent living units, 62 assisted living units and 25 memory care units. The project includes upscale interior finishes and a wide-range of common area amenities such as a sky lounge, bistro-style bar, grand living room and library with a computer bar.

All Seasons Oro Valley is a luxury senior housing project located in Oro Valley, Arizona, a suburb of Tucson. The project includes 171 apartments, with 88 independent living units and 20 independent living casitas, 40 assisted living units, and 23 memory care units. The project includes upscale, resort-quality fixtures and finishes, a wide-range of common area amenities such as a bistro bar, fitness center, arts and crafts room, library and outdoor pool and hot tub, and benefits from uninterrupted views of the Catalina State Park mountains. Additionally, the project is adjacent to the Oro Valley Hospital which provides residents with easy access to high-quality medical care.