GI Partners has backed Waypoint Real Estate Group, an acquirer of distressed, single-family properties. Law firm Paul Hastings advised on the transaction.
Paul Hastings LLP, a leading global law firm, announced today that the firm represented GI Partners, a leading mid-market private equity firm, in its equity investment in Waypoint Real Estate Group, the nation’s leading acquirer of distressed, single-family properties.
The initial GI investment will enable Waypoint to acquire more than $250 million in single family rental homes and launch a national expansion. With follow-on funding from GI, Waypoint anticipates being able to ultimately support the acquisition of more than $1 billion in single-family rental homes over the next two years.
Private equity partner William Simpson led the Paul Hastings team, which also included associate Jason Rednour.
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