Western National Group, a fully integrated multifamily acquisition, development, construction, and property-management firm based in Irvine, Calif., and Banner Oak Capital Partners, a Dallas-based real estate investment management firm focused on providing growth and investment capital to best-in-class operating partners, have launched a strategic joint venture that will invest in multifamily projects throughout California’s major markets.
The programmatic investment vehicle will provide general partner capital, as well as select limited partner capital, for both the acquisition of existing properties and for ground-up development projects. Additionally, the venture may seek the investment of third-party limited partner capital on a project-by-project basis, according to Michael Hayde, CEO of Western National Group.
