Almanac Realty Investors commits $400m to Key Real Estate Co.

Almanac Realty Investors has committed up to $400 million of capital to Key Real Estate Co.

This investment will allow Key to pursue new and existing development and acquisition opportunities while the firm continues its strategic expansion throughout the Southeastern United States.

Led by Anthony “TJ” Iarocci , managing principal and CEO, and headquartered in New Orleans, Key Real Estate has developed or acquired 5,100-plus multifamily units, has an existing portfolio of 4,500-plus multifamily units and has additional development sites with the potential to add another 2,500-plus units to the portfolio.

Madeline Wick, a managing director at Almanac, said, “Key is a proven organization with a successful track record investing in multifamily real estate. The company’s strong leadership and in-house acquisition and development teams make it well positioned to take advantage of the current economic environment. We are pleased to partner with Key and support