What We Do
Wandery Capital manages an investment fund that owns and operates luxury short-term rentals with an emphasis on enhancing the travel vacation experience for larger groups through thoughtful design and bespoke amenities.
Philip and Danny had been real estate veterans for over 20 years when the pandemic struck in 2020. During the lockdown, Philip, Danny, and a third family formed a COVID bubble, ensuring their families maintained social interaction and healthy mental wellness. To celebrate life's milestones together, they frequently found refuge in short-term rentals to escape the social lockdown and the closed economy.
In late 2020, Philip and Danny recognized a significant opportunity in the traditional short-term rental market. They saw a growing need for families and larger groups to travel and celebrate life events in luxurious settings with unique amenities. Leveraging their extensive real estate experience, they quickly realized this was not just a temporary pandemic-driven trend but a lasting shift in the preferences of modern travelers, who increasingly sought large group accommodations and high-quality experiences.
This realization led Philip and Danny to co-found Wandery Capital in 2021, a real estate fund focused on large luxury short-term rentals. After successfully raising a first fund comprised of friends and family, they raised a substantially larger Fund II to expand their investment in large short-term rentals.
Our Story
Founders
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Co-Founder and Managing Partner
Philip has over 20+ years of real estate experience with 15+ years focused in multi-family/apartment investing. His roles have included Vice President of Redevelopment at Essex Property Trust, Inc., Senior Vice President of Investments at The Picerne Group and most recently Chief Investment Officer at E&S Ring Management. Mr. Kang has experience in asset management, operations, reinvestment, redevelopment, acquisition, disposition, and refinancing transactions, worth over $20B+ of total asset value across multiple states including California, Seattle, Nevada, Arizona, Texas and Colorado. Mr. Kang holds an MBA from the Wharton School of the University of Pennsylvania with majors in Real Estate and Finance and a Bachelors degree from UC Berkeley - Haas School of Business.
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Co-Founder and Managing Partner
Danny has over 20 years of private equity real estate investment experience worth over $2B including acquisitions, development, asset management and capital raising with a strong focus on hospitality. Most recently, Mr. Lee served as a Managing Director for Frontier Group, overseeing the real estate portfolio for a family office. Danny has also worked at LaSalle Investment Management and HSBC Securities in addition to other independent, entrepreneurial ventures. Mr. Lee holds a Bachelor of Science in Industrial Engineering and Management Sciences from Northwestern University.
Management Team
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Director of Construction
Licensed General Contractor in CA with over 30 years of experience. He has repositioned 100+ multi-family communities (~20,000 apartment units) and more than 35 luxury homes in Southern California. As the Redevelopment Division Manager for Essex Property Trust, Mr. Palacios managed over $1B in renovation and construction costs for over 20 years.
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Acquisitions
Owner and Broker of Pacific Moon Real Estate, Inc with over 10,000 homes sold in SCA with an insititutional list including Fannie Mae, Freddie Mac, Chase Bank, Hudson Homes and US Bank, among others. Mr. Moon also founded Gemstone Capital, Inc, a family office overseeing acquisition and investment in 300+ real estate notes as well as owning and operating multiple STR homes. Mr. Moon holds an MBA from IE Business School, Madrid Spain.
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Acquisitions
Mr. Ratliff has been licensed and working in the real estate industry for over 10 years. With over $20M in sales and purchases in Sedona, he also specializes in the Scottsdale and Phoenix regions with a focus on STR homes and empty lots for STR developments. As a Sedona native who grew up hiking and purveying building sites, Mr. Ratliff is a heritage Sedonian with deep rooted knowledge of the Arizona real estate market.
