Real estate investing had been core strength of Wexford Capital LP (“WCLP”), a private equity and hedge fund manager which Messrs. Joseph Jacobs and Charles Davidson founded in 1994. When WCLP’s private equity funds were fully invested and there was no longer a long-term source of fund capital available for real estate investments, Messrs. Jacobs and Davidson founded Wexford Real Estate Investors (“WREI”) to source and manage private market real estate investment opportunities to be funded primarily with their own capital. In 2020, WREI decided to offer outside investors the opportunity to invest in new real estate investment alongside the principals of WREI as it continues to grow its real estate portfolio.