Interwest Capital specializes in the acquisition, operation, and repositioning of real estate
DISCLOSURE NOTICE
vary from the projections and such variations may be material, including the possibility that an investor may lose some or all of its invested capital. Prior performance of the Sponsors is not necessarily indicative of future results.This presentation may be confidential and the offering referenced herein is intended to be a private placement, even if generally advertised. By acceptance hereof, you agree that (i) the information must not be used, reproduced, or distributed to others without the prior written consent of the Company; (ii) you will maintain the confidentiality of this information not already in the public domain; and (iii) you will only use the information contained herein for informational purposes and no other purpose, including to compete with the principals herein. If you do not agree with these terms, please return or destroy this presentation immediately.
what we do
INTERWEST CAPITAL
Interwest Capital Is A Privately Held Real Estate Investment Firm Founded By Executives With Diversified Backgrounds & Extensive Knowledge In The Real Estate & Financial Industries.
In early 2003, a group of industry innovators launched a dream in La Jolla, California. Recognizing an untapped niche in the real estate investment world, we launched with a focus on distressed debt acquisitions and evolved to opportunistic investments. Our expertise is in value creation and diligent underwriting— both key to our strong track record of success and superior investment returns.
Today, Interwest Capital specializes in the acquisition, operation, and repositioning of real estate. Through extensive experience in sourcing and restructuring investments, we’ve quickly become a highly sought-after leader in our industry.
who
we are EMPOWERED, INCLUSIVE, & CULTURALLY DIVERSE
Founded in 1983, IPG manages approximately $2.5 billion in assets for individuals and corporations participating in both domestic and emerging markets and is a member of the National Association of Securities Dealers.
Mr. Guss served as a member of the Advisory Board of First National Bank, a full service commercial bank in San Diego, CA, as well as for the Sidney Kimmel Cancer Research Center. He is also a member of the Board of Trustees for the San Diego Museum of Contemporary Art.
Mr. Guss is a graduate of both San Diego State University with a B.A. in Economics and the Executive Management Program at Northwestern University.
david guss
PARTNER
Mr. Guss served until June of 2009 as Chief Executive Officer and Chairman of the Board at Investment Placement Group and is currently Honorary Chairman.
Mr. Newton founded Newton Learning Corporation in 1992 to provide an accelerated learning path for the development of personal and professional excellence.
He is a nationally known consultant, facilitator and trainer with over 25 years of experience bringing a unique blend of insight and business acumen, to the developmental issues of accountability, change, visionary thinking and leadership. Mr. Newton has consulted with the CEOs, executive teams, key business leaders and boards of major Fortune 500 organizations such as Cardinal Health, Hewlett Packard, Intel, Lucent Technologies, Oracle and countless small to midsize corporations.
He currently resides in San Diego where he is heavily engaged in the CEO think tanks of WPO, YPO and Vistage International.
james newton
EXECUTIVE ADVISOR
Mr. Newton is a trusted advisor with Interwest and instrumental in the long term strategic planning of Interwest Capital.
Victoria Gladden
VP
OF OPERATIONS
VP OF ACQUISITIONS
Amar Mowji
DIRECTOR
Michael Koullas
Will Lamond
VP OF ACQUISITIONS
Jackie Flores
ASSET MANAGER
Peter Richter
DIRECTOR OF INVESTOR RELATIONS & CAPITAL MARKETS
Location
Property
Property
Overview
Westwood is a garden-style multifamily apartment community built in 1989 and consists of 256 units in Jacksonville, Florida. The amenities include a clubhouse with fitness center, pool, gazebo area, outdoor activities court, dog park, and on-site laundry facilities. The deal was initially awarded to another buyer at a higher price, but the seller and broker ultimately decided we were the better buyer to go with due to our track record and bandwidth.
Opportunity
Interwest acquired the property as Deerfield Apartments for a purchase price of $22.5 million. The units were acquired in mostly classic condition with a fraction of units that had been upgraded by the seller.Properties in the vicinity were also older vintage and in original condition.A little farther out, there were several newer communities with better finishes that were leasing well. The business plan and opportunity to add value was through renovating the classic units and increasing the rents, positioning our units slightly under the spec of the newer communities. This would provide a nicer housing option in the area at a reasonable rent to the demographic.
