We built this to bring accredited investors to Wilkinson who would never find you on their own

My name is Lonnie Gienger, and I am the CEO of Wilkinson, a family-run multifamily firm that has spent the last 34 years quietly returning capital to every investor in every full-cycle fund we have ever closed, while transacting $3.4 billion across 14,648 units along the way. What I want to walk you through in the next few minutes is exactly how Fund 17 fits into that 34-year track record, and what your next step looks like if you decide it is a fit.

Wilkinson was founded in 1991 by Russell Wilkinson, who is still our chairman today, and these days his son Riley runs business development while I sit in the CEO seat day to day. We have always operated as a family-run multifamily shop, and that shows up in how we underwrite deals, how we hold property over the long term, and how we treat the capital our investors entrust to us. Since 1991, we have transacted $2.3 billion in multifamily alone, managed 14,648 units across our portfolio, and produced an average annual IRR of 24.98% across all of our full-cycle funds, with an average equity multiple of 2.3x.

Fund 17 is a $50 million multifamily fund, and we are using the proceeds to acquire between 4 and 7 communities, blending garden-style and mid-rise properties across both value-add and core-plus profiles. The fund is anchored in 3 primary markets that we have been operating in for more than a decade, namely Atlanta, Dallas-Fort Worth, and Indianapolis. We have owned, operated, and exited multifamily in all 3 of those markets, which means our underwriting on Fund 17 is built on actual operating data from inside our own portfolio rather than on broker pitches or third-party comps.

Fund 17 has 2 share classes that you can pick between based on what fits your portfolio best. Class A is the income share for investors who want current cash flow, and it carries a 10% preferred return, an 8% target annualized cash distribution, and a 10% target IRR over the hold period. Class C is the growth share for investors who are reinvesting profits back into the fund, and it carries an 8% preferred return, a target IRR between 13.5% and 16.5%, and an equity multiple of 1.7x to 1.9x over a 6 to 8 year hold. The minimum investment in either class is $50,000, the offering is structured as Reg D 506(c), and it is open to accredited investors only.

The multifamily debt market cracked open in 2023 and 2024, and a lot of operators who bought at the 2021 peak have moved into positions where they are now forced sellers, which is the kind of pricing dislocation we have spent 34 years positioning ourselves to take advantage of. Wilkinson has weathered the 2001 dot-com unwind, the 2008 financial crisis, and the 2020 COVID dislocation with essentially the same team in place across all 3 of those cycles. The average employee tenure at the firm is 14 years, which means the person who would underwrite the deal you invest into has been at Wilkinson longer than most syndicates have even existed.

The process to come into Fund 17 is straightforward, and it comes down to 3 steps. The first step is to book a 15-minute call with our investor relations team using the link below this video, and from there we send over the full Private Placement Memorandum, the underwriting models, and the property-level pipeline so you can review everything on your own timeline. If Fund 17 ends up being a fit you wire your subscription and you are in, and if it is not a fit you simply stay on our list for Fund 18 with no friction either way. So 34 years of building this firm, $3.4 billion in transactions, and every full-cycle investor receiving their principal back along with profits is the track record we have put together, and Fund 17 is the next chapter of it.