ArrowMark Partners and Western National Group have formed a programmatic co-GP venture that will invest in multifamily projects throughout Southern California.
The programmatic venture will provide general partner capital to acquire existing multifamily communities and land sites for the development of new high-quality multifamily projects. Additionally, the venture will strategically use capital to secure control of unentitled land sites using creative structures with land sellers to obtain development approvals, according to Michael Hayde, CEO at Western National Group.
This venture is another important milestone for ArrowMark Partners’ CRE franchise, reported Rob Brown, portfolio manager at ArrowMark Partners.
“We’re excited to partner with a long-tenured best-in-class operator like Western National Group as we look to invest in opportunistic areas of the market,” said Brown.
