Mill Creek Residential and QuadReal Property Group form $421m programmatic JV

Mill Creek Residential has formed a programmatic joint venture with QuadReal Property Group. The venture will invest up to $421 million to develop and operate multifamily communities in targeted U.S. markets over the next two to three years.

The venture has closed on its first land acquisition for the development of Modera Six Pines, a proposed class A apartment community with 429 apartment homes in The Woodlands, Texas, area.