Real estate investment fund sponsor Wander has selected Phoenix American to provide transfer agent, fund accounting and back-office operational services.
Wander is creating a global network of short-term rental smart homes, with the Wander Atlas REIT providing investors with competitive investment returns in the emerging sector.
Through the partnership, Wander will benefit from Phoenix American’s STAR-XMS shareholder management and transfer agent system and the firm’s long standing experience in the alternative investment real estate funds sector.
The announcement follows Phoenix American’s recent partnership with AC Capital, which chose the firm to provide fund services to its MJ REIT fund.
John Entwistle, founder and CEO of Wander, says: “It was important to us to leverage a third-party fund admin with a strong track record. Phoenix American is by far the best we evaluated.”
Andrew Constantin, chief operating officer at Phoenix American, comments: “Wander is at the cutting edge of the way people travel today. We like working with innovative firms and look forward to being a part of the success of the Wander Atlas REIT.”
