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Real Estate - DECEMBER 15, 2021

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Partners Group forms $1b JV to develop and acquire properties across Austin, Dallas, Denver and Seattle

by Andrea Zander

StoryBuilt, an urban infill specialist developing communities in four of the fastest growing real estate markets in the country, has entered into a joint venture with Partners Group.

The joint venture will capitalize and develop 17 of StoryBuilt’s existing pipeline projects in addition to funding future acquisitions and development across Austin, Dallas, Denver and Seattle. In aggregate, the joint venture is expected to capitalize and complete more than $1 billion of multifamily, residential for sale, and mixed-use real estate projects over the next four to seven years.

Anthony Siela, co-founder of StoryBuilt, said, “Strategically, this joint venture propels StoryBuilt forward in its goal to serving the current and future residents of the most dynamic neighborhoods and cities in the United States, while becoming a leading national infill developer, owner, and operator of residential and mixed-use communities. It will also enable StoryBuilt to execute more efficient

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