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The Wardman Group


a boutique real estate investment and asset
management firm

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The Wardman Group


a boutique real estate investment and asset
management firm

About Us


About Us


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The Wardman Group is a boutique real estate investment and asset management firm founded by Thad Paul in 2016.  

Investment Management - The Wardman Group focuses on opportunities in the hospitality and senior housing sectors, where it targets under-valued assets, whether due to property condition, management capabilities, capital flows, or cycle timing.  Wardman acts as the sponsor, or operating partner, in these investments and raises joint venture equity to capitalize the projects.

Asset Management - The firm asset manages properties on behalf of third parties in areas that align with its core competencies.  It takes its experience as a principal side investor and works with investors to help protect and improve value at their properties over the desired hold period. 

 

Wardman is registered as a Certified Business Enterprise (CBE) by the District of Columbia Department of Small and Local Business Development (license #LSZR1905122019).

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Leadership


Leadership


Thad Paul is the Founder and CEO of The Wardman Group.  As CEO of The Wardman Group, a Washington, D.C.-based firm, Thad oversees the sourcing, transactions, and asset management functions of the company. 

Prior to founding The Wardman Group, Thad was a Managing Director in the U.S. Real Estate group at the Washington, D.C.-based Carlyle Group.  While there, he sourced over 50 acquisitions with a total capitalization of approximately $2.3 billion between 2003 and 2015, and worked on an additional 33 acquisitions in various other capacities.  Some notable investments Thad worked on include: (1) the acquisition and renovation of the B2 Hotel, a 242-room hotel in downtown Miami, (2) the acquisition and redevelopment of the Amara Cay Resort, a 110-room, luxury resort in Islamorada, (3) the acquisition and repositioning of the Renaissance on Peachtree, a 228-unit senior housing property in Atlanta, and (4) the acquisition of the Camellia at Deerwood, a 180-unit senior housing property in Jacksonville.

Before joining Carlyle, Thad was an analyst at LaSalle Hotel Properties.  

Thad has a B.S. from the School of Hotel Administration at Cornell University.  Thad was raised in Fort Worth, Texas, and has lived in Washington, D.C. since 1998.  He is married and has two young sons.