52Finished Projects
1.70xCash on Cash
17%Av. IRR p/y
$1.7 BillionInvestedSinceStart
26 YearsActive
17,043Apartments Built

Our Story

Although the COVID-19 virus has caused additional restrictions in many cities and industries, the leasing velocity and financial operations of our apartment projects continue to remain solid. In Q4 2020 Westplan has 1,308 Class A apartments under development and it has 398 apartment units under contract to sell.
View our publication over 2020

Westplan currently manages equity of $240 million in a portfolio of 14 apartment projects totaling 3,360 units.
View our publication over 2018

Westplan sold a large part of its portfolio over the last 4 years and now owns a stabilized portfolio of 5,088 apartments. The average historical return to investors on sold apartment projects is 17% p/yr.

Brad Johnson joins Westplan. Westplan owns and manages 8,300 apartment units and 750,000 sf of retail and office investments. To date it has invested in 15,000 apartment units and realized an 18% IRR on sold assets.

Rob Carter joins Westplan. First institutional fund of $100 million was formed for multifamily investments. To date Westplan has raised $245 million since 1995 and has $145 million under management.

Robert Klok joins Westplan.

Westplan opens its U.S. office in Jacksonville, Florida and has three projects under management.

Ewoud Swaak forms Westplan Bouwadviseurs in the Netherlands to develop urban residential projects.

The demand for well-rented complexes continues to expand. Westplan successfully sells four different complexes, with a total of 900 rental properties, to institutional investors. View our publication over 2019

First time in its 23-year history that over 2,000 apartment units have been sold with excellent returns for its investors and partners.

The Ellis Savannah, Georgia

Westplan brings development capability in-house and starts construction on two projects.

Completed the recapitalization of the majority of its apartment portfolio by raising $75 million in additional equity and over $200 million in new debt for 13 projects.

Taco Ulrich joins Westplan. Ewoud Swaak moves to the U.S. and relocates the office to Atlanta, Georgia.

Westplan Bouwadviseurs is sold (completed 27 projects between 1994 and 2000). Westplan solely focuses on U.S. investments and has 10 projects and $17 million under management.

Westplan invests in its first U.S. residential development project in Athens, Georgia with a select group of high networth individuals.