Ivanhoé Cambridge and Mount Auburn Multifamily have formed a programmatic joint venture to invest in preferred equity for ground-up multifamily developments throughout the United States. In a context where the lack of housing can be an issue in some cities, the venture is aimed at developers to provide an easy path to complete their capital structures and bring more housing to the market.
The partnership will further Mount Auburn’s existing investment strategy focused on millennial migration to secondary markets exhibiting low-cost, business friendly environments, high population growth, and low cost of living. The partnership’s primary target markets include Atlanta, Austin, Charlotte, Columbus, Dallas/Fort Worth, Denver, Houston, Indianapolis, Jacksonville, Louisville, Nashville, Orlando, Phoenix, Raleigh, Salt Lake City, San Antonio, Tampa, and Washington, D.C., suburbs.
Ivanhoé Cambridge has been particularly active in the U.S. residential market lately with
