Almanac Realty Investors makes $350m commitment to Davlyn Investments

Davlyn Investments and Almanac Realty Investors announced the formation of DA InvestCo (Davlyn), a company dedicated to the acquisition, redevelopment, repositioning and management of multifamily assets in the Western United States.

Almanac’s commitment of up to $350 million in client funds will provide capitalization that will allow Davlyn to further its growth strategy and scale operations.

Headquartered in San Diego, Davlyn has a 30-year track record of owning and managing apartment communities throughout California.  Under the leadership of Jon Williams and Paul Kerr, Davlyn has acquired more than 7,500 multifamily units at a total cost exceeding $1.3 billion.  An experienced executive team has been instrumental in producing attractive results for its partners.

Since forming its partnership with Almanac, Davlyn has closed on the acquisition of four properties totaling nearly 1,200 units with an aggregate capitalization of more than $420 million. Davlyn h