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Housing Partners & Investment Group
wishrockgroup.com
WISHROCK
Northwest
131 S. Higgins Ave., P‐1
Missoula, MT 59802
Tel: (406) 728‐3040
Northeast
3 Canal Plaza, Suite 501
Portland, ME 04101
Tel: (207) 774‐5101
Southeast
3000 Old Canton Road
Jackson, MS 39216
Tel: (769) 251‐0918
wishrockgroup.com | [email protected]
RECENT ACQUISITIONS... EXPERIENCE Wishrock develops and invests in affordable housing proper es
na onwide. Collec vely, our principals have developed or
redeveloped over 11,000 units of affordable apartment housing
since the early 70’s. In the past 18 months Wishrock has
acquired or developed over $220MM of affordable housing
across 10 states and not “re‐traded” on any contractual
obliga ons.
ACQUISITION STRATEGIES Wishrock specializes in acquiring exis ng affordable and work‐
force housing complexes by leveraging tax credits or private
capital with government backed debt, grants or other so funding
sources. Levels of rehabilita on vary depending upon the physical
needs and acquisi on strategy.
PRESERVATION & SOCIAL IMPACT Wishrock’s primary focus is on preserving quality affordable
housing for low‐ income and working‐class residents; we have
never taken a project through the qualified contract process or
removed a subsidized rent contract. Wishrock takes pride in
maintaining high quality proper es and improving the l ives of
the individuals and families that reside there. Our resident
service programs are augmented and par ally subsidized by
our affi l iated non‐profit partner, Springboard To Opportuni es,
and while some resident service coordina on posi ons are
funded through grants, more typically they are funded
voluntari ly by Wishrock through a project’s cash flow.
PROPERTY MANAGEMENT EXPERTISE Our affi l iated property management company, Preserva on
Management, Inc. (PMI), manages a por olio of over 10,000
units in 18 states. With over 500 dedicated employees, they
have been providing management and resident services at
affordable housing proper es for more than 17 years.
Timbercro Apartments in Owings Mills, MD houses 288 units. A LIHPRHA project with project‐based Sec on 8.
Falcon Crest Apartments in Owings Mills, MD houses 396 market‐rate units
func oning as workforce housing.
Harbison Gardens Apartments in Co‐lumbia, SC houses 180 units. A 4% tax
credit and bond transac on.
Concord Gardens Apartments in Con‐cord, NH houses 300 units. A 4% tax
credit and bond transac on.
Joe has been engaged in real estate development for the past 40 years, and has devel‐
oped over 11,000 units of housing in fi een states. He is responsible for the business
development and the formula on of the company’s investment strategy.
Joe is na onally recognized as a leader in the field of affordable housing. He is experi‐
enced in new construc on, renova on, rural development, urban development, com‐
mercial, and mixed‐use development. He is an ac ve par cipant in several industry
groups that work to shape na onal policy on affordable housing. Joe has received nu‐
merous awards in recogni on of his professional, civic and philanthropic involvement.
He is Chairman of Wishrock Investment Group, President of Wishcamper Proper es, President of Housing Re‐
sources Corpora on, and an owner of The Wishcamper Group. He is also an owner of Preserva on Management,
Inc., an affiliated property management company that manages a por on of the Wishrock por olio.
He is a graduate of Yale University and Harvard Law School.
K E Y P R I N C I P A L R E S U M E
L y n d e l J . W i s h c a m p e r , C h a i r m a n
As ac ng President, Rick oversees the development and execu on of Wishrock’s prima‐
ry lines of business and partnerships. He also specializes in combining complex and di‐
verse capital sources and working with local stakeholders and investors to structure cre‐
a ve capital stacks and deal opportuni es.
Most recently, Rick succeeded in layering together HUD financing, Neighborhood
Stabiliza on Funds and Replacement Public Housing funds to create 115 units of new
affordable housing in Montana. He also u lized the Neighborhood Stabiliza on Funds
program in Mississippi to completely renovate 100 units of HUD foreclosed Sec on 8 housing.
Prior to working in the field of real estate development, Rick taught entrepreneurship and strategic management
at the University of Montana School of Business. He currently serves on the boards of several Missoula non‐profit
organiza ons, including the Missoula Family YMCA, the Garden City Harvest and the Mayor’s Council on
Affordable Housing, where he is leading a funding campaign to build a new homeless shelter for the city.
Rick holds a bachelor's degree in human ecology from the College of the Atlan c, a Master's in Business from The
University of Montana, and a Master's in Fine Arts from New England College.
K E Y P R I N C I P A L R E S U M E
R i c k L . W i s h c a m p e r , P r e s i d e n t
As Director of Opera ons, Bryan is in charge of ensuring all acquisi ons receive inde‐
pendent analysis and overseeing Wishrock’s Investment Commi ee which evaluates
feasibility prior to the end of due‐diligence and loan commitment. He also serves as a
project manager on Wishrock’s more complex transac ons, assists in sourcing new ac‐
quisi ons, and is a recognized leader in the field of affordable housing.
Before he entered the field of affordable housing, Bryan used his training in Economics
and Sta s cs to perform complex financial and economic analysis of regulatory issues at a Washington, DC‐based
consul ng firm. He then con nued his interest in regulatory ma ers at MIT where he earned two masters
degrees: one in City Planning (MCP) and one in Real Estate Development (MSRED).
Bryan serves as Secretary of the Board of Directors for Community Housing of Maine, Inc. (CHOM), a Portland‐
based non‐profit that develops housing for social services providers, and is a member of the Urban Land Ins tute
(ULI). He is also the past Co‐Chair of the MIT/CRE New Visions Campaign and a former faculty member of the
CityVision program at the Na onal Building Museum in Washington, DC.
He is a graduate of the University of Rochester and the MIT School of Architecture & Planning.
K E Y P R I N C I P A L R E S U M E
B r y a n J . S h u m w a y , D i r e c t o r o f O p e r a t i o n s
As Director of Acquisi ons, Jus n is tasked with sourcing, underwri ng and nego a ng
the acquisi on of new investment and development opportuni es. He also plays a sen‐
ior role in determining the business plan for each investment, evalua ng debt and equi‐
ty proposals, and selec on of the development teams. Jus n specializes in finding value
in overlooked assets and structuring complex transac ons of various types of affordable
housing na onwide. In 2012, Jus n structured the acquisi on and financing of over
$200M of affordable housing for the purposes of re‐syndica on and long‐term hold.
Before working in real estate development, Jus n served as the financial advisor for new business development
at the Montana World Trade Center where he was tasked to measure the financial feasibility, community
value‐add and job‐growth poten al of businesses under review for various subsidized funding packages in
Montana.
Jus n is currently a member and Paul Harris Fellow of the Missoula Sunrise Rotary and serves on the board of the
Missoula Symphony and Missoula Avalanche Founda on. He donates his financial feasibility and modeling exper‐
se to startup and small businesses through the local SBA, Missoula Community Development Corpora on and
other local non‐profits.
Jus n holds a Bachelor's degree in Business Finance from the University of Montana.
K E Y P R I N C I P A L R E S U M E
J u s t i n A . M e t c a l f , D i r e c t o r o f A c q u i s i t i o n s
Kimberly “Kim” Bridgham, CPA, is the Chief Financial Officer and provides insight and rec‐
ommenda ons for op mizing financial resources, liquidity and cash flows, and together
with the finance and accoun ng team maintains the integrity and meliness of financial
compliance and repor ng.
Prior to joining Wishrock, Kim served as a Vice President in Finance & Strategy for Hanna‐
ford Bros. Co. and its Belgian parent company, Delhaize Group. Kim was a member of the
senior strategy team for the mul na onal company, played a lead role in merger, acquisi on and dives ture ac‐
vity in Europe and more recently held the posi on of Treasurer and VP of Investment Analysis at Hannaford in
the US.
Kim currently serves on the Board of Trustees for The Kids First Center. Previous board involvement includes the
Scarborough Soccer Club, Scarborough Chamber of Commerce and Maine Arts.
Kim is a CPA with 7 years of audit experience with KPMG. She is a graduate of the University of Maine and holds a
Masters in Public Policy & Management from the Muskie Ins tute of Public Service at the University of Southern
Maine.
K E Y P R I N C I P A L R E S U M E
K i m b e r l y “ K i m ” B r i d g h a m , C F O
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