URL:
Location:
Ypsilanti, Michigan
Niche:
Workforce Multi-family
Prior::
Direct

Overall:

Communication/Reporting:

Track Record/Performance:

Sponsor Fees:

At Watermark Partners Real Estate, we raise and actively manage funds for the acquisition, improvement and management of strong income generating real estate assets in the Midwest. At Watermark we invest and manage with a commitment to both our investors and our community.

By acquiring, improving and intelligently managing real estate assets, our funds generate outsized returns for investors. We enhance profitability and ensure long term sustainability by acquiring and improving poorly positioned or deeply discounted assets that provide an opportunity for enhancement. Watermark targets properties that generate strong annual income for investors from the date of acquisition, using its leadership team's 
expertise to improve the income and value of all properties within the funds.

Prior to acquisition, each property is thoroughly analyzed from a variety of perspectives to determine if it meets our strict Investment Strategy, which includes assessing for improvement or renovation opportunities as well as reviewing for opportunities that enable us to actualize our commitment to enhancing communities. 

Due Diligence & Discussions

Share your experience. Rate and comment!

Steve Settlage

Aug 02, 2019

These operators have gone from good to marginal to horrible. There explanations of what exactly they are doing to turn their funds around are terrible. I am truly dissapointed with them. Another reason to make sure that there is a very good track record and that ALL of the executive team have a VERY strong history (at least one recession) in their asset space.

Bob Cat

Mar 09, 2019

They are a very professional and well run team! Their performance and communication have been very good so far in the two funds I am in. They are a little heavy on the fees. They may have become a litte over confident and went with less favorable investor terms with their newest fund (Sunbelt) especially going into a new geography thus losing the repeat investors. Unless their investor terms improve in future, it is hard to see how they can compete with other top quality sponsors in attracting investor dollars.

Robert Fakheri

Jan 24, 2019

Got in Fund IV at last minute. Tom Caroll has been very responsive. The detail of reporting has been thorough. Impressed with their track record and ability to consistently make acqusitions at high cap rates. Fees have been reasonable. Distribution was timely as well.

K Mo

Nov 06, 2018

UPDATE AUGUST 2019 - Performance has slipped in Funds III and IV quarter over quarter with DSCR in Fund III dropping below 1.0 which is very concerning.  Sponsor blames property management but this is a very tough class to manage. Holding breath that they turn it around.

Invested last year in fund IV. So far so good. Like the class C MF diversity it adds to my portfolio. Tom has been a pleasure to work with. Wait and see on their new Southeast fund as it’s a new area for them.

M S

Oct 28, 2018

Fairly fee heavy and a little aggressive on the waterfall catchup carry - but they arguably deserve it.  Very professional sponsor.  Not in the least bit concerned about preservation of capital or a decent return on investment.  

Top 5 by Overall Rating
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Watermark Partners Watermark Partners
Rated 3.9/5 based on 21 customer reviews

At Watermark Partners Real Estate, we raise and actively manage funds for the acquisition, improvement and management of strong income generating real estate assets in the Midwest. At Watermark we invest and manage with a commitment to both our investors and our community.

By acquiring, improving and intelligently managing real estate assets, our funds generate outsized returns for investors. We enhance profitability and ensure long term sustainability by acquiring and improving poorly positioned or deeply discounted assets that provide an opportunity for enhancement. Watermark targets properties that generate strong annual income for investors from the date of acquisition, using its leadership team's 
expertise to improve the income and value of all properties within the funds.

Prior to acquisition, each property is thoroughly analyzed from a variety of perspectives to determine if it meets our strict Investment Strategy, which includes assessing for improvement or renovation opportunities as well as reviewing for opportunities that enable us to actualize our commitment to enhancing communities.