NORTH VANCOUVER, CANADA - Western Wealth Capital (WWC) is pleased to announce the company and its local partner network have distributed 1,300 backpacks filled with essential school supplies to Phoenix-area children.
The second annual We've Got Your Back program is a WWC-led initiative that was created to help start school-kids off on the right foot. WWC staff personally purchased school supplies from area stores and organized individual backpacks. The backpacks were distributed to WWC's multifamily properties, with any additional supplies to be donated to UMOM (www.umom.org). The program's kickoff was July 21.
"We've Got Your Back not only benefits children but multi-family communities as a whole", says Janet LePage, Chief Executive Officer of WWC.
"The smiles we see on the kids' faces are worth it alone, but We've Got Your Back is also a great personal way to connect parents and our property management staff, " says LePage. "This initiative is part of our broader goal of wanting to create better communities, which goes beyond monetary investment. We want to create communities that are good places to live for our residents, and good places to work for our employees.
Last year's initial program gave out 450 school backpacks and generated many smiles from kids, parents and WWC staff alike. WWC was committed to growing the program's impact this year. WWC thanks its local network of property managers, commercial brokers and vendors for eagerly stepping up to support this year's We Got Your Back program.
We've Got Your Back is led by WWC's corporate philosophy of: "We do business on human terms, not term sheets alone." At WWC, we have a fiduciary responsibility to people:
- For our investors, provide a return on equity.
- For our residents, create communities they're proud of.
- For our staff, provide a rewarding and empowering place to work.
Since its inception in 2011, WWC has acquired 31 multi-family unit buildings, representing 5,125 units, with a combined purchase-value of more than $375 million. Our current portfolio, net of divestments, includes 24 multi-family unit rental buildings (nearly 4,400 units) in the Greater Phoenix area. WWC is now the second largest multi-family owner in the Phoenix area by number of units.
About Western Wealth Capital: We have a singular focus: create wealth through well-selected real estate investment. We acquire underperforming multi-family rental properties and increase net operating income and valuation through an approach that has been successfully applied across our entire portfolio. We manage these assets, distribute resulting cash flow to investors and, when appropriate, divest. We only focus on markets underpinned by the economic fundamentals of population, employment and GDP growth. Our entry point is when these demand drivers place long-term pressure on vacancy rates and rental pricing. To date, we have invested in the Phoenix-area market. Our execution and results have formed strong relationships that give us access to some of the best multi-family investment opportunities in Arizona.