UPCOMING PROJECTS
PWI is currently in the planning stages of several different projects, along with the various projects in-development across our divisions.
ST. JOHN'S HEALTH (HITCHING POST)
Details
Division > Property Management
IN-DEVELOPMENT
PWI has several projects currently underway across multiple divisions.
VERONICA LANE APARTMENTS
PWI is currently under construction on the Veronica Lane Apartments in the heart of Jackson Hole, WY. This is a 36 unit apartment complex with 9 workforce units. PWI took this project from acquisition, entitlement, and through permitting. PWI is currently managing the construction, and is estimating delivery of the asset in November of 2023.
Details
Division > Multi-Family Housing
Owned by PWI
(36) Units (1 & 2 bedroom mix)
Estimated delivery of November 2023
CLUBMOSS APARTMENTS 2
Clubmoss Apartment Group 2 is the second phase of the Driggs “Clubmoss Portfolio”. PWI is currently under construction with the aim of delivering these buildings in August of 2023. PWI acquired the land, sourced the equity and obtained construction debt.
Details
Division > Multi-Family Housing
Owned by PWI
2x (12) Unit (1,2,3 bedroom mix) Buildings
Estimated delivery of August & September 2023
ST. JOHN'S HEALTH (KING & KARNS WORKFORCE HOUSING)
St. John’s Health hired PWI as “owner’s representative” for the construction of two workforce housing apartment buildings in Jackson Hole. The total door count for these projects is 115.
Details
Division > Property Management
"St. John's Ready to Build Apartments for Employee Housing" -- JH News & Guide, September 9, 2022
COMPLETED PROJECTS
PWI has recently completed several projects, all comfortably generating profit for our investors.
TETON VALLEY MOTEL
PWI acquired the Teton Valley Motel in March of 2023 and underwent a renovation of the motel. The renovation was completed in just 2 months.
Details
Division > Hospitality
Owner
(21) Motel rooms
Full room renovations
Added guest laundry machines
MEADOWS APARTMENTS
PWI acquired “The Meadows Apartments” in 2021. PWI repositioned the asset and created a significant value increase. Investors are now enjoying a 10% annual cash on cash return. PWI managed the renovation and re-lease of this asset.
Details
Division > Multi-Family Housing
Owned by PWI
(14) 2 Bedroom Units
Stabilized asset
CLUBMOSS APARTMENTS
PWI built Phase 1 of the Clubmoss Apartments portfolio and delivered them in June 2022. PWI obtained 100% occupancy for the asset in 6 weeks. The Clubmoss Apartments are located in Driggs, ID in the Creekside Meadows Subdivision. PWI acquired the land, sourced the equity and obtained construction debt.
Details
Multi-Familiy Housing
Owned by PWI
(12) Units (1,2,3 bedroom mix)
New build
Stabilized asset
STEPHENS AVE APARTMENTS
PWI acquired the Stephens Ave Apartments in 2021, and began a renovation and repositioning of the asset. PWI was able to increase revenues 40%, and has maintained 100% occupancy since renovation. PWI refinanced this asset in January of 2023 and continues to own and operate it.
Details
Division > Multi-Family Housing
Owned by PWI
(14) Units (1 & 2 bedroom mix)
Stabilized asset
Full property electrical upgrade
Deck renovation