About
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.
Hear from Paul Moore, Founder of Wellings Capital
The firm’s investment process emphasizes operator selection, diversification, conservative risk management, and a 26-step due diligence process that focuses on operators and their teams, markets, property underwriting and analysis, debt structures, and business plans.
Paul Moore
Founder
Benjamin Kahle
Managing Partner
Our Leadership
Paul Moore founded Wellings Capital in 2015 and led the firm until November 2024. He is the author of Storing Up Profits and The Perfect Investment, and as Founder he now focuses on vision, culture, and relationships.
Benjamin Kahle has been with Wellings Capital since its first year, joining as an intern in 2015 and becoming Managing Partner in November 2024. He leads the firm day to day, including investment strategy, asset management, and operations.
Our Team
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Carlos Allen
Administrative Coordinator
Read Bio
Core values
Humility
No jerks allowed. No one has all the answers. We rely on each other, mentors, and advisors to ensure we make the best possible decisions.
Adaptability
We shift the sails, but stay the course. The market and investment opportunities will always shift, however we will stay focused on our mission and remain entrepreneurial.
Transparency
We are open when communicating with investors, sponsors, vendors, and team members about matters related to our business.
ROI > AUM
We’re not focused on chasing AUM growth for the sake of growth. We’re focused on delivering returns to investors. If we do that, growth will happen as a byproduct.