Overview
Waterman Residential’s Proven Strategy
In 2021, Alex Gill and Carter Gill founded Waterman Residential, LLC (“Waterman”), a private equity firm specializing in multifamily
value-add and core-plus investments in the Sun Belt region. Waterman identifies value-add, mismanaged, overleveraged, or distressed
properties across six Southeastern markets and revitalizes them through extensive capital improvements, revenue enhancement, and expense reduction.
All of this is done with the support of institutional-quality third-party property management.
Waterman’s strength lies in over two decades of experience with blue-chip institutional developers and investment management firms.
Our leadership consistently delivers substantial returns for senior partners and investors. Alex Gill, trained in best-in-class investment management
and development practices, leads with core competencies and strategic insight, leveraging his expertise to identify and execute profitable investments.
The leadership team is well-versed in market analysis, financial underwriting, creative design, entitlements, capital markets, construction management, and asset management.
Over the last 20 years, Alex Gill has successfully acquired and developed 4947 multifamily units across 18 projects, with a combined capitalization of $1.55 billion.
His projects have achieved a 1.9x equity multiple and a 20.6% internal rate of return (IRR), exceeding investor expectations while ensuring capital protection.