122 Capital Advisors is a real estate capital advisory firm dedicated to delivering equity capital solutions and strategic advisory services to real estate sponsors, investors and financial institutions.
We partner with sponsors and investors nationwide to source and structure institutional joint venture equity capital for real estate developments, acquisitions, and recapitalizations at the property, portfolio, fund, and company-level. In addition, we provide consulting and advisory services to industry participants, including real estate sponsors, family office investors, and financial institutions, on strategic alternatives, partnerships, market positioning, and growth objectives.
​
With over two decades of experience in investment banking and real estate private capital advisory, we provide sponsors access to a broad network of institutional investors while helping capital partners identify differentiated opportunities across property types, strategies and geographic markets.
Our approach combines deep industry expertise, long-term relationships, and a focus on creating alignment between sponsors and investors.
​
Headquartered in Richmond, VA
Smith Mountain Lake, Virginia
Equity Capital Advisory
122 Capital works with real estate companies to access, structure, and raise equity capital that facilitates our clients' strategic growth initiatives through joint venture partnerships, equity recapitalizations, and entity-level investments. 122 invests significant time to understand our clients' investment strategy and growth objectives in order to provide highly customized solutions that deliver optimal results.
We leverage over two decades of building a broad and deep network of institutional investor relationships that are accessed through a targeted and efficient process to deliver the right capital partner and solution for our clients.
Capital Markets Execution
We connect clients with institutional equity capital, tailoring structures that align with project needs and real-time investor objectives. From ground-up development to recapitalizations and acquisitions, we deliver tailored solutions that optimize value and achieve our client's growth objectives.
Transaction Capabilities
Joint Venture Equity
Programmatic Growth Capital
Entity-Level Investments
Co-GP Capital
Secondaries
Preferred Equity
Broad Investor Reach
Family Offices
Hedge Funds
Insurance Companies
Investment Managers
Pensions/Endowments
Private Equity
REITs
Sovereign Wealth Funds
Advisory & Consulting Services
122 Capital leverages over two decades of experience working with public and private real estate companies seeking guidance on capital raising alternatives, liquidity options, strategic partnerships, capital markets, investment strategies and M&A opportunities.
​
We combine institutional expertise with a focused, efficient process. By aligning strategy, capital, and execution, we ensure that every transaction is positioned to deliver long-term success.
Strategic Advisory
122 Capital Advisors provides institutional-grade advice to real estate owners, operators, and developers across the capital stack. We leverage deep market knowledge and transaction experience to help clients structure, capitalize, and execute projects with precision.
Consulting Services
Our consulting practice offers targeted support across every stage of the real estate lifecycle, including:
-
Business Plan Analysis & Market Studies – evaluating investment viability and company positioning.
-
Capital Structure Optimization – designing efficient and scalable capital stacks.
-
Strategic Partnerships & Joint Ventures – identifying and negotiating institutional relationships.
-
Transaction Advisory – guiding clients through acquisitions, dispositions, and recapitalizations.
-
Marketing & Underwriting Support – assisting with creating/enhancing company presentations and underwriting models.
Property Type Experience
122 Capital has successfully completed capital raising and advisory transactions across numerous property types and geographic markets, with a specific emphasis on niche sectors. We possess the experience and track record to understand, position, and execute complex, strategic assignments across investment strategies.
Industrial
Multifamily
Office
Retail
Hospitality
Self-Storage
Industrial Outdoor Storage
Cold Storage
Single-Family
Rentals
Build-for-Rent
Boat & RV Storage
Marinas
Medical Office
Manufactured Housing
Single-Tenant
Student
Housing
Senior
Housing
Strip Centers
Capital Markets Experience
122 Capital Advisors brings extensive capital markets experience completing over 300 public and private real estate transactions representing $125+ billion in value since 2015.
122 Capital's extensive transaction experience ranges include programmatic joint ventures, recapitalizations, entity-level investments, REIT IPO's, follow-on offerings, and M&A transactions across property types and markets.
Select Representative Transactions
Programmatic Joint Venture
​​
Industrial Outdoor Storage West Coast
​
Exclusive Advisor​
​
Programmatic Joint Venture
​​
Midwest Multifamily Acquisition Strategy
​
​Exclusive Advisor
​
Joint Venture Equity
​​
Luxury Resort & Branded Residential Development
​
Exclusive Advisor​​
​
Strategic Advisory
​​
CRE Bridge Lender Nationwide
​
Exclusive Advisor​
​
Programmatic Joint Venture
​​
Cold Storage Platform Nationwide
​​​
Exclusive Advisor​
​
Programmatic Joint Venture
​​
Single-Family For Rent Sunbelt
​
​Exclusive Advisor
​
Equity Recapitalization
​​
RV Park Portfolio Southeast/Mid-Atlantic​
​
Exclusive Advisor​​
​
Joint Venture Equity
​​
Mixed-Use Development Philadelphia, PA
​
Exclusive Advisor​
​
Entity-Level Recapitalization
​​
Boat & RV Storage Texas
​​​
Exclusive Advisor​
​
Strategic Advisory
​​
GSA Office REIT
Reg A Advisor​
​
​Exclusive Advisor
​
Equity Recapitalization
​​
Office Portfolio
Mid-Atlantic​
​
Exclusive Advisor​​
​
Strategic Advisory
Self-Storage Portfolio​​
North Carolina
​
Exclusive Advisor​
​
Note: Several transactions listed above were completed at prior firms.
David M. Wojdyla | Managing Partner
804.426.8256
David Wojdyla has over 20 years of investment banking experience focused on raising equity capital for real estate operating companies, REITs and financial services companies. David’s experience includes joint venture formation, entity-level investments, initial public offerings and equity recapitalizations of properties, funds and companies. David maintains active relationships with a broad universe of institutional investors including real estate private equity groups, family offices, investment managers, insurance companies, sovereign wealth funds, foundations, endowments and other institutional investors.
Prior to founding 122 Capital Advisors, David was a Managing Director and head of Private Capital Advisory for Truist Securities’ Real Estate Corporate and Investment Banking group where he led the real estate advisory and private capital raising efforts. David was previously Managing Director and Head of Real Estate Investment Banking for BB&T Capital Markets where he oversaw public and private capital raising for publicly-traded REITs and real estate operating companies. Earlier in his career he advised community banks and financial services companies on mergers and acquisitions, initial public offerings and follow-on offerings.
David holds a BS in Finance with a concentration in Financial Accounting from Virginia Tech. David currently serves as an Advisory Board Member on the Blackwood Department of Real Estate at Virginia Tech. David resides in Richmond, Virginia with his wife Brittany and daughters Ava and Lucy.