Wander REIT’s Q1 2023 Performance

If you're new to the Wander Atlas REIT (the "Wander REIT"), welcome! For a quick refresher, we built Wander with the goal of delivering the ultimate guest experience and helping as many people as possible “Find Their Happy Place”™. With that in mind, we've established a network of high-end homes that brings the quality and consistency of a luxury home with the space and privacy of your own vacation rental. Earlier this year, we launched the Wander REIT to provide our members, guests and existing investors with a vehicle to invest in Wander's high-end network of homes.

Wander REIT is the first vacation rental REIT, and its edge lies in its affiliation with Wander. Because Wander controls every aspect of the guest experience — from the home, to the booking platform and the total guest experience — we're well-positioned to drive higher occupancy and higher customer satisfaction, which ultimately has the potential to translate into higher returns for investors.

Wander REIT gives investors the opportunity to invest in vacation rentals without the hassle of individual vacation home ownership. It targets annual income of 7-8% and a total annualized return including appreciation of 14%. Individual investors not only get the benefit of potential returns, but also tax-advantaged income, so they can keep more of what they earn, diversification, and access to exclusive investor perks that allow them to enjoy the underlying product: the Wander homes.

Q1 Results

Each quarter, we reach out to our valued Wander REIT investors, to share performance information. We wanted to make this information available to prospective investors, so you can get a better understanding of the product and its performance. With that being said, late last month, the Wander REIT was pleased to distribute its first quarterly dividend of $0.20 per share (an 8.0% annualized return) and to report that during the first quarter, the portfolio benefited from a 5.1% increase in NAV following updated appraised values. 

Overall the REIT portfolio outperformed market occupancy by more than 4% and market ADR by more than 9% during the traditionally slower winter months.  Additionally, January through March marked our strongest months yet in terms of booking activity and ADR growth, indicating continued momentum into the spring and summer.

Our Home Ops team continues to delight our guests with a 93% customer satisfaction rating, and our Acquisitions team continues to evaluate numerous homes for addition to the Wander portfolio.

Thank you to current and future investors for your continued trust in the Wander team and your support of Wander REIT.

Legal disclosures and risk factors-please read

An investment in our common stock involves a high degree of risk. Before making an investment decision, you should carefully consider the  risks described in “risk factors” beginning on page 37 of the PPM before investing in our common stock. If any of the risks discussed in the PPM occur, our business, prospects, financial condition, results of operations and ability to make cash distributions to our stockholders could be materially and adversely affected. In that case, the value of our common stock could decline significantly, and you could lose all or a part of your investment. Some statements in the PPM, the risk factors in the PPM and statements in this update constitute forward-looking statements. See “cautionary note regarding forward-looking statements” in the PPM.  There is no current public market for our common stock. The shares of our common stock offered hereby have not been registered under the securities act or the securities laws of any other jurisdiction. Until such shares have been registered, they may be transferred only in transactions that (a) are exempt from registration under the securities act and the applicable securities laws of any other jurisdiction and (b) bind such transferees to the terms and conditions upon which such transferring stockholder is bound. See “summary of material agreements, our stock and our corporate governance - restrictions on ownership and transfer.” Hedging transactions involving our common stock may not be conducted.

This update is intended solely to provide investors with an overview of how Wander.com, inc. (“Wander”), the sponsor of Wander Atlas REIT, inc. (“Wander REIT”) approaches the short-term rental business.  It is not intended as a supplement to the PPM and no investor should rely on this update in making their investment decision in connection with Wander REIT.  For the avoidance of any doubt, the PPM is the sole controlling document for all information concerning investment in Wander REIT. Investors are referred to the PPM for a description of the relationship between Wander and its affiliates and Wander REIT, and the related risks associated with an investment in Wander REIT. Neither Wander nor Wander REIT can guarantee future performance or any return on investment.  Like any investment, an investment in Wander REIT entails the risk of loss of some or all of one’s invested capital.  The PPM explains in detail the risks associated with an investment in Wander REIT and the related terms and conditions of the investment and it should be read carefully and in detail before investing. The PPM is the sole and exclusive source of information concerning investment in Wander REIT.

You should rely only on the information contained in the offering memorandum/ppm. None of us, or any of our subsidiaries or affiliates (or wander.com and its subsidiaries and affiliates) have authorized anyone (including employees of Wander and its subsidiaries and affiliates), to provide you with information different from that contained in the offering memorandum. We do not take responsibility for, nor can we provide any assurance as to the reliability of any information that anyone may give you that is not otherwise contained in the offering memorandum.