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Wednesday, May 22, 2024

Madera Residential expands into southeastern U.S.

Madera Residential, renowned for its expertly managed multifamily communities, has just introduced an exciting expansion that involves the integration of WayMaker. The Texas-based company has made a name for itself as a leader in the industry for the past two decades. To top it off, the appointment of Jay Parsons to head the investment strategy is nothing short of significant. In the year 2022, Madera joined forces with WayMaker through a $1 billion acquisition of 3,300 units in DFW from JPI. Fast forward to the present day and the company is bracing for expansion across the Southeast.

Madera’s expansion will be strategically executed, starting with the Southeast. By partnering with leading merchant builders, the company is poised to offer Class A Luxury, Attainable Living, and New Development projects in the region. This strategic move comes as no surprise, given the company’s existing ownership of a diversified portfolio of more than 11,000 units in Texas. As the team gears up for its geographical expansion, a move made in line with WayMaker’s addition, the multifamily platform’s tech-enabled capabilities will play a critical role.

Jay Parsons, a key figure in WayMaker, expressed his optimism about the merger between Madera and WayMaker, emphasizing the harmony in values and community commitment shared by both entities. Their united front seeks to maximize their presence across multifamily segments, especially attainable housing. Parsons believes attainable housing is a compelling proposition with benefits that extend to all stakeholders – renters, communities, and investors alike.

Dave Marcinkowski, Madera Residential Co-Founder, shared his outlook on the merger, referring to it as a great example of synergy yielding exponential results. This sentiment aligns with the company’s long-standing passion for prioritizing the well-being of its residents and surrounding communities. Keith Dunkin, the CEO of WayMaker, and his team are set to make valuable contributions to the Madera family. Collectively, Madera and WayMaker are driven by the same vision and unwavering commitment to serving people.

Madera Residential, the Lubbock, TX-based investment firm, has solidified its position in the multifamily housing segment, not just in Texas, but extending beyond. With the acquisition of nearly $4 billion in assets and management of over 35 properties valued at more than $2.1 billion, the company’s expertise and influence are undeniable. The hallmark of Madera’s business lies in its commitment to creating thriving communities, and its venture with WayMaker only reinforces this commitment.

For more information about Madera Residential and its remarkable journey in real estate, visit our official website at maderaresidential.com. You can also connect with us on Facebook at facebook.com/MaderaResidential1.

Contact:
John McNelly
Madera Companies
806-993-3200 x3161

SOURCE Madera Companies

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