Invesco Real Estate and Bozzuto have announced a $330 million multifamily real estate investment program with an overall investment capacity of approximately $1 billion. The new joint venture will pursue investments across key East Coast markets looking to create value by utilizing Invesco Real Estate’s data-driven investment process and Bozzuto’s operational, construction, and management capabilities.

“Performance is our top priority when investing on behalf of our clients, and this venture is anticipated to capitalize on recovering market fundamentals focusing on assets possessing multiple value creation levers,” says Greg Kraus, managing director and head of U.S. transactions, Invesco Real Estate. “We’re happy to expand our relationship with Bozzuto on this joint venture that will leverage our time-tested investment process and their operational capabilities.”

The venture recently closed its first acquisition, Enders Place, a 220-apartment home communi