WHEELOCK STREET CAPITAL LLC
GREENWICH, CT

Wheelock Street Capital L.L.C. is a private real estate investment firm founded in 2008 by Merrick R. Kleeman and Jonathan H. Paul and headquartered in Greenwich, CT and Boston, MA. Wheelock focuses on real estate investments throughout North America and will invest in both public and private market opportunities and in all parts of the capital structure. The firm is a trustworthy source of capital for borrowers seeking to recapitalize overleveraged properties and portfolios. Our capital funding gives us the flexibility to pursue investment opportunities of all sizes, from single assets to corporate or portfolio investments of over $1 billion. Wheelock has raised five funds to-date, the latest of which closed in February of 2017 with $725 million in capital commitments. , Wheelock has developed deep internal operational and management capabilities in targeted asset classes to provide a competitive advantage in its chosen areas of focus. This vertical integration of investment and real estate skill sets provides Wheelock with the flexibility to work with or without local partners, to react quickly to changing fundamentals or investment opportunities and to maintain hands-on involvement at each stage of the investment process. Current focus areas or “Verticals” include Hospitality, Retail, and Residential Land & Homebuilding, although the firm looks opportunistically at all asset classes. Wheelock employs an experienced team of investment professionals with offices in Boston, New York, Greenwich, Tampa and the DC area. Our Philosophy We seek to achieve this through a disciplined investment approach and thoughtful underwriting. We are a focused firm; our goal is to do fewer things, better. We won’t take on more than we can handle well, despite the promise of greater firm profitability. This allows us to give each investment the attention it requires and to remain accessible to our important relationships at every level of the organization. We invest in asset types and locations we understand through experience, and in situations where the firm’s expertise and relationships provide it a competitive advantage. through careful structuring and the co-investment of meaningful amounts of employee capital. In the marketplace, Wheelock looks for likeminded partners who share our investment philosophy and our commitment to integrity. Once identified, we welcome repeat business with trusted partners and intermediaries. and created an organizational structure which encourages and rewards performance. The absence of rigid hierarchies and a collaborative approach to decision making promote internal debate, foster intellectual honesty and ensure the best ideas are identified, regardless of where they originate. A true partnership structure ties a significant share of compensation to the long term success of the firm and gives employees at all levels a vested interest in Wheelock’s performance. The firm believes that having in-house, specialized operating and management expertise is a critical element of its strategy. To this end, Wheelock has built proprietary operating platforms (“verticals”) in its chosen areas of focus. The verticals give Wheelock a competitive advantage in identifying value, driving operating performance and working seamlessly with local operating partners. – Directed by Claude Chandonnet a 26 year veteran in the commercial real estate industry who’s experience includes the acquisition, design and development, leasing, management and disposition of high end urban retail mixed use properties, lifestyle shopping centers and triple net leased retail buildings. He comes to Wheelock Street Capital after spending the last nine and half years as the President and CEO of Merchants’ National Properties, Inc. and its management arm Marx Realty & Improvement Co. Inc. While the firm will focus on its verticals the firm seeks opportunities which exhibit characteristics common to successful real estate investments, including quality of micro location, barriers to new supply growth, high quality assets in strong markets and out of favor opportunities where the firm can build a reasoned, contrarian viewpoint. Wheelock uses a disciplined, research driven investment process to identify opportunities exhibiting these characteristics and is prepared to make concentrated investments in such situations. The firm begins with in-depth macroeconomics analysis to identify asset classes, geographies and parts of the capital structure that it believes will outperform in the current economic environment. Wheelock combines detailed fundamental real estate analysis with deep-in-house operational and financial expertise to source and execute on the best opportunities within its areas of focus. The founders’ experience in completing large transactions while at Starwood Capital, Rockpoint Group and Westbrook Partners provides Wheelock with the capability to execute on large portfolio deals or public company opportunities. The firm is comfortable and has experience dealing with both stable and distressed situations, will consider joint ventures with like-minded industry participants, can work with or without local partners and is flexible about participating through subordinate debt, preferred or common equity. The firm is also a trusted capital source for borrowers seeking to restructure overleveraged situations. Wheelock Street Capital L.L.C. is a private real estate investment firm founded in 2008 by Merrick R. Kleeman and Jonathan H. Paul and headquartered in Greenwich, CT and Boston, MA. Wheelock focuses on real estate investments throughout North America and will invest in both public and private market opportunities and in all parts of the capital structure. The firm is a trustworthy source of capital for borrowers seeking to recapitalize overleveraged properties and portfolios. Our capital funding gives us the flexibility to pursue investment opportunities of all sizes, from single assets to corporate or portfolio investments of over $1 billion. Wheelock has raised five funds to-date, the latest of which closed in February of 2017 with $725 million in capital commitments.