LOS ANGELES—Arc Capital Partners LLC has entered into a strategic partnership with Columbia Pacific Advisors to pursue value-add investment opportunities on the West Coast. Columbia Pacific contributed operating and investment capital to Arc Capital Partners, a company that regularly invests in middle investment markets with high employment demand.
The partnership will allow both companies to tap into millennial demand and the ongoing demographic shift. According to Arc Capital Partners managing director Neville Rhone, the shift in demographics provides an opportunity to reimagine the culture and sustainability of an asset by adding value. The firm currently has a pipeline of $400 million in investment opportunities, and has already made its first purchases: a 139-unit multifamily building in Austin, TX, and a Sears Distribution center in Dallas, CO. Both of the transactions were purchased off market.