Keep pulling the thread on Jonathan Wang.
Approximately three years ago, EOS Investors expanded its business by launching a separate residential real estate platform with partner Nicole Sermier.
A few months ago, EOS Investors launched a hotel credit business to address a financing gap created by bank regulations and the structure of private real estate credit.
The launch of EOS Investors' credit business was catalyzed by a partnership with Christopher Jordan, who formerly ran and built Wells Fargo's hotel hospitality lending unit.
In 2023, U.S. hotel demand declined, breaking a 40-year trend where demand had only fallen during years of major global shocks.
The United States has shifted from being a net importer of travel to a significant net exporter, with more people leaving the U.S. to travel abroad than coming in.
EOS Investors has built three real estate investment platforms totaling $2 billion in assets under management across the hotel and residential sectors.
Jonathan Wang founded EOS Investors in 2017 with financial backing from individuals he knew from his time at Goldman Sachs.
Analysis by Jonathan Wang shows that demand for hotel rooms across the U.S. has grown at approximately 2% annually for 40 years, dating back to 1987.
In his investment underwriting process, Jonathan Wang assigns a weight of 75% or higher to correctly identifying market dynamics, viewing it as more critical than asset-specific details.
Historically, 90% of EOS Investors' investments have been concentrated in seven large urban markets (Boston, New York, DC, Miami, Chicago, San Francisco, LA) and coastal resorts.
EOS Investors has been the most active investor in the Florida Keys since 2011, having bought and sold 17 hotels in the region.
EOS Investors currently owns 45 hotels, primarily in the resort and high-end urban asset classes.