Wetrock Resources, LLC is a diversified real estate development, farming, and financial services company based in Durham, NC.
We are dedicated to catalyzing innovative solutions for the new economy and creating and promoting cutting-edge development models. We develop community-oriented projects that address the evolving needs of people in a changing world. We also help other sponsors secure equity financing for projects that do the same.
Our mission is to provide unique resources and novel solutions to deliver higher value for both partners and communities.
Rick Bagel, Managing Partner
Managing Partner Rick Bagel founded Wetrock Resources, LLC to implement innovative and thoughtful development projects in the Southeast. His pilot project, Wetrock Farm, is already breaking the cookie cutter model for residential development by bringing the Research Triangle its first agrihood.
Rick has a strong background in finance, development, planning, and sales. He has a passion for shifting traditional suburban models, conserving natural resources, and making new concepts more accessible for established real estate industry partners. Previously, Rick worked as a Land Development Coordinator at K. Hovnanian Homes in the Raleigh Division and as an Associate for a private real estate developer in Miami, FL. Rick holds a B.S. in Economics from Duke University and an MBA with a concentration in real estate from the University of Miami. He is an active member of Urban Land Institute, Carolina Farm Stewardship Association, and the NC Agritourism Networking Association.