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CAPITAL /

Jonathan Paul

Wheelock Street Capital

Managing Partner

Job Functions: Acquisitions & Dispositions, Capital Markets, Capital Raising, Equity Strategies

Bio

Jonathan H. Paul is a founding partner of Wheelock Street Capital, a real estate private equity firm established in 2008 to pursue a value-oriented investment strategy. Since its founding, Wheelock has raised five funds totaling over $2.1 billion which have invested in over $3.0 billion of properties on behalf of a diverse group of institutional and high net worth investors. Wheelock's investment portfolio includes a broad range of asset classes reflecting an opportunistic approach, with a concentration on hotels, residential land and retail where the firm has developed specialized in-house platforms or "verticals". Mr. Paul has over 25 years of real estate experience with all asset classes including hotel, office, industrial, retail, multifamily, residential land and condominiums, as well as golf and other leisure assets.

 

Prior to co-founding Wheelock, Mr. Paul was a Managing Member of Rockpoint Group L.L.C. ("Rockpoint"), a company he co-founded in 2003, which manages over $10 billion in equity capital. From 2004 to 2007 he had oversight responsibilities for Rockpoint's investment activities in Europe, including the opening of new offices in London and Frankfurt. From 1994 to 2003, Mr. Paul was a Managing Member of Westbrook Partners, L.L.C. ("Westbrook") where he played a critical role in the company's formation, its fundraising efforts, and the investment of four funds with over $4 billion of equity capital. Prior to joining Westbrook, Mr. Paul spent six years at Morgan Stanley in the real estate and corporate finance areas, including three years with the original Morgan Stanley Real Estate Fund ("MSREF").

 

During his tenure at Westbrook and Rockpoint, those firms completed 265 transactions involving a total equity commitment of approximately $7 billion. At those firms, Mr. Paul was instrumental in several notable hospitality investments including the acquisition of Red Roof Inns while at MSREF, the acquisition of Allegro Resorts Corporation, the $1 billion take-private acquisition of Sunstone Hotel Investors Inc. in 1999, and another $700 million in Sunstone follow-on investments prior to its IPO in 2004. At Westbrook, Mr. Paul played a key role in the acquisition of several large land development businesses including Mobil Land Development and American General Development. These acquisitions, combined with numerous follow-on investments, were combined to form Terrabrook, which at the time was the largest owner of master planned communities in the United States.

 

Mr. Paul is a Trustee at The Rivers School in Weston, Massachusetts. He is a former director of Sunstone Hotel Investors, Inc. Mr. Paul received a B.A. from Dartmouth College and an M.B.A. from the Amos Tuck School of Business Administration at Dartmouth College.

Areas of Interest

Deal Type
Acquisition, Development, Recapitalization, Refinance, Rehabilitation