Wellings Capital
Wellings Capital
Wellings Capital is a private investment firm founded in 2015 by Paul Moore, based in Forest, Virginia. It invests directly in its own deals and reports 29 realized investments.

About Wellings Capital
Wellings Capital is a real estate private equity firm founded in 2015 by Paul Moore and led by Managing Partner Benjamin Kahle. Based in Central Virginia, the firm has over $225 million of investor equity and over $500 million of assets under management (as of June 30, 2026).
The firm helps high-net-worth individuals, family offices, Registered Investment Advisors, and wealth managers access diversified private commercial real estate investments through professionally managed funds and co-investment vehicles.
Wellings Capital invests preferred equity and JV equity alongside experienced commercial real estate operators rather than operating properties directly, with a focus on asset types such as manufactured home communities, multifamily apartments, small bay and flex industrial, open-air retail, and select self-storage properties.
Team
The people behind the firm.
Paul Moore
Founder
Paul Moore is the Founder of Wellings Capital. After graduating with an engineering degree and then an MBA from Ohio State, Paul entered the management development track at Ford Motor Company in Detroit. After five years, he departed to start a staffing company with a partner. They scaled and sold the company to a publicly traded firm in 1997. After a brief “retirement” in his early 30s, Paul began investing in real estate in 1999 to protect and grow his own wealth. He completed over 100 real estate investments and exits, appeared on HGTV’s House Hunters, rehabbed and managed dozens of rental properties, and developed a subdivision. After completing three successful real estate developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project, Paul narrowed his focus to commercial real estate in 2011. Paul is married with four children and lives in Central Virginia. Press Paul was a finalist for Ernst & Young’s Michigan Entrepreneur of the Year two years straight (1996 & 1997) and has contributed to BiggerPockets and Fox Business. He is the author of two real estate books: The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing and Storing Up Profits: Capitalize on America's Obsession with Stuff by Investing in Self-Storage. Paul also co-hosted a wealth-building podcast called How to Lose Money and he’s been a featured guest on 300+ other podcasts including the BiggerPockets Podcast, The Real Estate Guys, and Entrepreneur on Fire.
Benjamin Kahle
Managing Partner
Benjamin is the Managing Partner of Wellings Capital. He is responsible for the overall management of the firm and its investment offerings, including eight funds and multiple sidecar entities. In this role, Benjamin helps shape the company’s investment strategy and guides asset management initiatives. Since joining Wellings Capital as an intern in 2015, Benjamin has played an instrumental role in the firm’s growth, driving it from $0 to over $225 million in investor equity under management and over $500 million of assets under management (as of June 30, 2026). His leadership has helped establish Wellings Capital as a trusted name in the commercial real estate private equity space. Benjamin’s real estate career began early—he became a licensed realtor during his junior year of college. He earned his Bachelor’s degree in Business Administration from Liberty University and continues to reside in Central Virginia with his wife and son.
Matt Baker
Director of Capital Formation and Investor Relations
As the Director of Capital Formation and Investor Relations, Matt is responsible for developing and maintaining relationships with investors and strategic partners. He also leads the Investor Relations team. Before joining Wellings Capital in 2026, Matt had spent over 17 years in commercial real estate investments, capital raising, and investor relations. He has been involved in over $1 billion in commercial real estate transactions across debt, equity, multiple asset classes, and investment structures. Matt graduated from Drake University with a B.S. in Finance and has an MBA from DePaul University. He lives in St. Louis, MO, with his wife and three kids.
Troy Zsofka
Managing Director
Troy Zsofka is Managing Director, Investments at Wellings Capital, where he leads operator sourcing, due diligence, and final investment selection. He brings both operator and capital markets experience to the role. Troy has owned and operated a portfolio of residential rental properties in New Hampshire since 2009, and before that worked in commercial real estate finance, originating and structuring large-balance commercial mortgages. He has also invested personally as a limited partner in 27 commercial real estate private equity placements, giving him a firsthand view of how sponsors actually perform after the capital is committed. Troy holds a B.A. in Economics from Vanderbilt University.
Headquarters
Forest, Virginia
Meet them live
Webinars
Videos and past sessions
2 videos
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