ATLANTA – April 2023. Westplan is excited to announce that a group of multifamily veterans have joined the existing partners of Westplan Investors, LLC to support the company’s growth plans in the southeast United States. The new partners are Brooks Capital Management (BCM), led by Scott Brooks, along with HB Management (HB) and their principals, Ed Hewson and Jon Breiner, investing on behalf of themselves and their respective families. BCM and HB have been close joint partners on previous ventures and have both been multifamily investors and developers spanning several decades.
The current partners of Westplan including Ewoud Swaak, Rob Carter, Brad Johnson, Taco Ulrich and Robert Klok will remain as the operating partners of the Company leading execution of the growth strategy. The company’s strategy and focus will remain consistent with its successful track record, which is to develop and acquire multifamily apartment communities in the southeast U.S. primarily for Dutch high net worth and family office investors.
With the support of its new partners, Westplan is planning to grow the Company in a controlled and disciplined manner. Company founder and partner, Ewoud Swaak said, “We will continue to be consistent with what’s worked well for us over 25 years while adding the best practices of our new partners to allow us to expand in our existing markets, deepen our leadership team, and add financial strength.” Scott Brooks of Brooks Capital Management added, “Westplan has a track record of building quality multifamily communities across the high-growth southeast U.S. markets while delivering competitive returns to its Dutch investor partners. We are honored and excited to partner with the Westplan team to continue to advance the company’s mission of developing and investing in multifamily communities throughout the southeast U.S. for private and institutional investors.”
Jefferies LLC advised Westplan on the formation of the strategic partnership.
About Westplan
Westplan Investors was founded in 1994 and has invested more than $2 Billion in real estate since its inception. The primary focus is developing and acquiring multifamily assets throughout the high-growth, southeast U.S. markets. The company raises its equity from a diversified group of high net worth investors and family offices. We are proud of our proven track record which has contributed to our trusted reputation. For more information, please contact Rob Carter at 770-390-9378.
About Brooks Capital Management
Brooks Capital Management (BCM) is a single-family office formed in 1998 after the sale of a 3rd-generation soft drink bottling and distribution company. BCM manages a diversified investment portfolio with real estate as its core holding. For over two decades, BCM has focused its real estate investments primarily in US multifamily development and operations through its wholly owned operating company, Liv Communities. Liv Communities develops, owns, and operates hospitality-focused multifamily and active adult communities with an overall purpose of helping people live fuller lives. For more information, visit www.livcommunities.com.
About HB Management
HB is a business and investment management entity of the Hewson and Breiner family offices. HB manages over $3 billion worth of multifamily real estate and controls entities specializing in development, management, large-scale acquisitions, developer’s equity, and brokerage. HB’s subsidiaries and partnerships in the multifamily space include HB Management, Indigo Real Estate Services, CP Capital US, and Paragon Real Estate Advisors. In addition, HB has diversified interests in other asset classes such as hospitality, retail, transportation, and communications. For more information, visit www.hbnorthwest.com.
