What sectors does Wheelock Street focus on?

Wheelock Street focuses on PropTech.

Where is Wheelock Street located?

Wheelock Street is headquartered in Greenwich, US.

Wheelock Street

Private equity

Greenwich · 4 people tracked

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Investment thesis

Wheelock employs a hybrid, multi-asset-class model that it views as a competitive advantage, combining hands-on vertical integration with the structuring experience of its investment team. It seeks alpha through focus, deep investment knowledge, and internal platforms (verticals) such as hospitality, retail/mixed-use, and industrial real estate, which provide specialized asset expertise and drive off-market deal flow. Capital is deployed across two strategies: the Opportunistic/Value-Add Flagship Fund Series and the Long Term Value Fund. The firm prioritizes safety and preservation of capital, and continues to explore new verticals targeting asset classes with large, scalable opportunities and the potential for competitive advantage through vertical integration.

Invests inPropTechUnited States

Source: firm website, verified Aug 6, 2026.

Greenwich, US

Instruments

Equity

Founded

2008

Tracked investments

Team · 4 people

from the firm's website

Jonathan H. Paul

Co-founder of Wheelock Street Capital and a veteran real estate private equity investor with over 30 years of transaction experience across major asset classes.

Merrick R. Kleeman

Co-founder of Wheelock Street Capital and a veteran real estate private equity investor with over 30 years of transaction experience across major asset classes.

Claude Chandonnet

Retail and commercial real estate veteran with nearly 35 years of experience across retail, office and multi-family; formerly President and CEO of Marx Realty and Improvement Co. Joined Wheelock's investment team in 2016.

Patrick Campbell

Oversees Wheelock's hospitality vertical; previously led acquisitions and asset management at Highland Hospitality Corporation and has hotel operating experience from Crestline and Bristol Hotels and Resorts.

Investments · 3 tracked

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John Wieland Homes

Homebuilding company acquired by Fund III in 2012 from the founder via a discounted debt payoff; substantially all assets sold to affiliates of Pulte Group in January 2016.

Renaissance Las Vegas

548-key non-gaming hotel adjacent to the Las Vegas Convention Center, acquired July 2015 and sold in early 2018 after a $6.6M renovation and significant NOI improvement.

The Cavalier Resort

A Virginia Beach resort acquired by Wheelock Street Capital in partnership with HEI Hotels & Resorts.

Fund performance · per public LP disclosures · 2

as of Sep 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
WHEELOCK STREET REAL ESTATE FUND V LPLPs: District of Columbia Retirement Board, University of Texas Investment Management Company	2017	—	8.3%	1.31x	1.02x
WHEELOCK STREET REAL ESTATE FUND II LPLPs: District of Columbia Retirement Board, University of Texas Investment Management Company	2014	—	18.3%	1.65x	1.86x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does Wheelock Street focus on?: Wheelock Street focuses on PropTech.
Where is Wheelock Street located?: Wheelock Street is headquartered in Greenwich, US.