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Current |
Portfolio
includes over 3,000 apartment units and
860,000 square feet of office/industrial
space over eight states. |
| 2009 |
Despite a difficult year for commercial real estate, 315 apartment units were added to the WLA portfolio, including 95 fully upgraded condominium units purchased from lenders in short sales. |
| 2008 |
Focus on multifamily purchases added over 600 units in Salt Lake, Denver, Las Vegas and Southern California. Continued expansion in multi-tenant industrial/office market in the Salt Lake area. |
| 2007 |
Continued
expansion in the Salt Lake area adding
four office properties to the Utah WLA
Portfolio. Capitalized on value increases
in Corpus Christi and Las Vegas with
highly profitable property sales. Returned
to Southern California for apartment purchases. |
| 2006 |
Further
expansion into Salt Lake City with office
and apartment acquisitions. |
| 2005 |
1,489
apartment units added to the WLA portfolio
in markets including Phoenix, San Diego, Corpus
Christi, and Salt Lake City. Property sales
exceeded $95,000,000. |
| 2004 |
Continued
expansion into Nevada and Oklahoma, adding
seven properties totaling $119,000,000. Sixteen
portfolio properties sold distributing in
excess of $73,000,000 to investors. |
2003
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Multifamily
focus on purchases in Las Vegas and Oklahoma.
Nine properties sold distributing $35,000,000
to investors. |
| 2002 |
Total
transactions exceed $126,000,000 with addition
of 11 properties. |
2001
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Purchase
and sale transactions exceed $70,000,000.
Begin acquisition of apartments in Nevada.
Portfolio value approaches $200,000,000. |
| 2000 |
Completes
a record year of acquisitions and sales, purchasing
nine properties for over $43,000,000. |
| 1998 |
Identifies
Sacramento, California, as an emerging market
and purchased 1300 units in 13 apartment communities.
Also pursued over 1 million square feet of
commercial properties in "lagging recovery"
areas of Orange, Riverside and San Bernardino
counties in southern California. Portfolio
value exceeds $100,000,000. |
| 1997 |
Focus
shifts to California with purchase of 10 apartment
communities totaling over 700 units in north
San Diego County and inland to the City of
Hemet, California. Portfolio value nears $60,000,000. |
| 1994
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Investment
market expanded to include purchase of 10
commercial office buildings totaling over
750,000 square feet in Denver, Colorado. |
| 1989 |
Initial
formation of investment partnerships, eventually
acquiring 15 existing properties in Salt Lake
City, Utah, and converting 504 out of 954
apartments to condominiums. |
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The
Formula of Success
Our process of market and property evaluation has repeatedly
proven itself for investing clients and the company. It is
the foundation upon which WLA Investments seeks to accomplish
the ultimate goal: to maximize the effectiveness of real
estate investments.
Market
Qualification
Markets are selected according to their potential to allow
multiple asset purchases and the availability of strong local
management and professional support. Those with a history
of strong cyclical or continuing growth factors are also targeted.
Property
Selection
Once a market has been identified, the search for property
begins according to pre-established selection criteria. Ideally
suited property will have the potential to experience rapid
or extreme value increases during typical real estate economic
cycles. We look at and analyze secondary and sub-market properties
because of their renovation and growth potential. We have
typically sought properties that are overlooked by others
for a variety of reasons but have potential to increase in
value with careful renovation and management.
Property
Qualification
When a selected property meets the preliminary search criteria,
it is further qualified according to tenancy, unit mix, occupant
stability and verified income potential. Properties featuring
a contemporary configuration are also sought, along with those
offering maximum use potential.
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