Transactions

Watt Capital Developers aims to partner with developers that can act as “boots on the ground” and institutional partners that will provide project equity. Two projects currently in the pipeline include a 7 story self-storage facility and a 100-unit multi-family property in the submarket of North Miami Beach, Florida. These projects are joint ventures with Shulman Properties and Mountain Pacific who have long-standing partnerships with Watt ventures and with whom we have successfully executed development projects.

Another strategy WCD will consider is long term land development plays. The intent is to identify and target growing submarkets, acquire land at a discount, and with sufficient long-term financing, position the land for additional development or resale.

Watt Capital Developers 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.