RXR has formed a new $500 million strategic discretionary separate account with the North Carolina Investment Authority (NCIA) to provide structured equity solutions for more than $2 billion (at full capitalization) of high-quality residential development and transitional real estate projects across the United States. Investments will be made via RXR’s capital solutions platform, which is designed to provide flexible, bespoke capital solutions to sponsors, leveraging RXR’s vertically integrated development, construction, and operating platform.
The partnership’s investment strategy utilizes RXR’s track record in residential and mixed-use development to pursue well-located projects in high-growth markets. The partnership’s structured equity investments will focus on long-term housing demand trends and the capital dislocation now impacting the nation’s housing infrastructure, while promoting both investment and affordability.
The partnership is seeded by a $6
