Ivanhoé Cambridge invests in Mount Auburn Multifamily
Ivanhoé Cambridge, a real estate company of Canada’s CDPQ, has invested $150 million of preferred equity into Mount Auburn Multifamily, a firm focused on acquiring and developing well-located multifamily assets.
With $2 billion in assets under management, Mount Auburn’s investment strategy is focused on millennial migration to secondary markets exhibiting low-cost, business friendly environments, high population growth, and low cost of living. The firm’s primary target markets include Atlanta; Austin; Charlotte, N.C.; Columbus, Ohio; Dallas/Fort Worth; Denver; Houston; Indianapolis; Jacksonville, Fla.; Louisville, Ky.; Nashville, Tenn.; Orlando; Phoenix; Raleigh, N.C.; Salt Lake City; San Antonio; Tampa, Fla.; and Washington, D.C., suburbs.
As part of the investment, Ivanhoé Cambridge will join the board of Mount Auburn and gain exposure to a diversified portfolio of multifamily properties. This builds on an existing partnership between the two companies, which