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Alternative Assets  + Real Estate  |  December 2, 2024
Wrightwell to Invest Up to $300M in US Housing in Partnership with Bain, Saluda Grande
Joe Palmisano
By: Joe Palmisano

Wrightwell to Invest Up to $300M in US Housing in Partnership with Bain, Saluda Grande

Wrightwell (formerly Vantage) announced it has closed its latest funding round. In conjunction with the transaction, the real estate platform also formed a strategic partnership with Bain Capital and Saluda Grade to invest up to $300 million to expand single-family rental (SFR) and build-for-rent (BFR) housing for lower- and middle-income families and individuals.

In addition to the funding and partnership, Atlanta, GA-headquartered Wrightwell announced the appointments of Chris Poston, EVP of property and asset management (formerly Rothesay Life); Mark Woodling, EVP of brokerage (formerly eXp); Jonathan Salyer, EVP of construction (formerly Darwin Homes); and Erin Taylor, EVP of finance and accounting (formerly Fundrise).

“Together with our investment partners, we have assembled an outstanding team to drive Wrightwell forward as a top-tier national real estate investment and operating business,” said Anthony DePalma, co-founder and CEO of Wrightwell.

Founded in 2021 as an SFR asset originator, Wrightwell currently operates in Arizona, Georgia, North Carolina, South Carolina, and Tennessee. The company plans to expand its cnbstruction, Brokerage, asset and property management divisions into 10 new markets within the next year.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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