2.67
Wolfe Investments Website
Wolfe InvestmentsWolfe Investments Overview
Wolfe Investments began as a husband and wife company with a focus on multifamily real estate investments in the Dallas/Fort Worth area. From the beginning, we’ve aligned our interests with our investors’ by investing alongside them in every offering. Today, we are a diversified real estate investment firm with nationwide holdings and a growing team. We’ve expanded to include commercial real estate, real estate development, and hard money lending in our offerings in addition to multifamily. Our passion and purpose is to create passive income for our investors, so that they can achieve their investment goals and ultimately become financially free. Our six core values are at the heart of everything we do: integrity, leadership, transparency, communication, enrichment, and alignment.
Address
500 N Central Expy, Suite 260
Plano,
Texas
75074
Year Founded
2012
Operates In
New York
Florida
Ohio
Minnesota
Alabama
Asset Classes
Development
Multifamily
Accepted Investors
Accredited
Verified Investor
1.00
"Unreliable sponsor, terrible management and communication"
There was a time when Kenny Wolfe was charismatic and seemed incredibly knowledgeable. The investment we made with him has been a disaster. He managed the property incredibly poorly, and eventually a large LP had to step in and take over control of the deal. They found ignored major repairs (such as leaks and water damage), bad bookkeeping, high crime rates, and an occupancy rate under 50%. Wolfe did a capital call - and squandered the money without turning the deal around. We'll be lucky if we get our money back on the deal.
Nate R.
4.00
"Good operator, dealing with challenges in current environment"
Mixed results. Had one successful disposition of Maverick on the Loop, which was roughly a double from the initial investment. All the workforce housing deals have recently has been struggling. Carrolton Arms faced significant delays - the reasons given were permitting and supply chain issues. Recently did a capital call for Flats at 183 with the goal of doing a refinance later this year. The reasons given were cost overruns (taxes, insurance, etc). Knowing the current state of capital markets, I assume they need to shore up finances because lenders have decreased LTV's. Recently, there have been some allegations of misappropriation of lender funds from an unrelated deal involving an office-to-multifamily conversion in Downtown Dallas. Can't comment but it does raise some eyebrows.
Verified Investor
3.00
"Good Communication "
We have many deals invested with Kenny, he is great on asset managing his deals on first few deals we invested. Good communication and monthly reports at first. But later years as his profolio grows large, it seems he could not keep up with his performances.