William Allen

William Allen General Information

Biography

Mr. William Allen is a Founding Principal of ParkSlope Capital. He is currently the Managing Director of Sunbelt Land Management, LLC of Charlotte, North Carolina, and has spent his entire career since 1971 in real estate development. He has successfully led the development of over 150 single-family communities over the past 40 years, transforming tens of thousands of acres of undeveloped land into completed residential home sites. In 1994, Mr. Allen formed Waterfront Properties, Inc. and later Waterfront Communities, Inc. to support the development of custom-home communities on prime waterfront property throughout the Southeast. These communities included industry-leading infrastructure and amenities that added inherent value to the home sites, such as clubhouses, man-made lakes, and marinas. This group of companies identified, located, developed, and marketed 41 large-scale communities in the Southeast, making it one of the most successful waterfront development companies in the U.S. After 2007, Mr. Allen began investing in distressed real estate opportunities, including distressed single-family homes for resale; bank-owned single-family housing lots; and prime undeveloped waterfront land in Florida and Texas, each with unique, long-term development prospects. More recently, he has focused his attention on providing building lots to national, regional, and large local and custom builders as well as the public. His strength has been in identifying growth markets and executing plans. Over the years, his family of companies has financed its projects by raising hundreds of millions of dollars from high-net-worth individuals and family offices seeking superior investment returns. Mr. Allen is a graduate of the University of North Carolina, Chapel Hill.