CityView closes multifamily investment fund
CityView, an investment management and development firm focused on urban multifamily real estate in the Western and Southwestern United States, has closed CityView Western Fund I. The $150 million equity fund will invest in multifamily housing in select markets. CityView will focus the fund on creating new multifamily housing developments and renovating existing buildings.
“We are very pleased to have closed this fund as it enables us to build on our experience in the western and southwestern U.S. and gives us the ability to put an additional $400 million to work as we continue to take advantage of opportunities in supply constrained markets,” said Sean Burton, CEO of CityView. “These urban markets are experiencing strong population and job growth, making this an ideal time to bring new multifamily inventory to the market. Much of this opportunity is due to the demand of millennials, who are now entering their prime earning and spending years. They ar