Värde Partners has formed a joint venture with David Weekley Homes to invest in land bank residential communities.
The land banking facility, provided by Värde, offers significant capacity to acquire and develop residential lots in high-demand U.S. markets, such as Atlanta; Charlotte, N.C.; Orlando; Phoenix; and Tampa, Fla. David Weekley Homes will manage the sourcing and land development.
The joint venture has closed on two projects in Phoenix, totaling more than $100 million of project costs, and expects to scale the partnership with a pipeline of deals projected to close over the coming months.
Värde has 30 years of experience investing in real estate credit and assets with deep expertise across all major asset classes. The firm’s investments in U.S. residential real estate and home building include strategic land banking partnerships and a portfolio of master-planned communities. Värde’s global real estate team is supported by in-house asset manageme
