Wishrock & Ray (“WR&R”) is a dynamic real estate development company headquartered in Portland, OR. Founded in 2016 by Fletcher Ray in partnership with Joe Wishcamper and the principals of Wishrock, WR&R’s mission is to preserve affordable and workforce multifamily housing. WR&R benefits from a streamlined corporate structure while leveraging the deep experience of Wishrock’s principals and Wishrock’s established operating platform.
ACQUISITION STRATEGIES & DIFFERENTIATION FROM WISHROCK
WR&R focuses on the preservation of affordable and workforce housing apartment complexes primarily through a long-term, buy and hold investment philosophy. WR&R does not utilize tax credits for its acquisitions (Wishrock executes all tax credit development strategies) which enables us to quickly analyze and close transactions in as little as 90 days from initial underwriting. We acquire market rate complexes as well as those subsidized through the Section 42 and Section 8 programs.
While WR&R shares Wishrock’s national footprint, we are primarily focused on the Pacific Northwest market.