CORAL GABLES, FL – The Florida-based subsidiary of the Libra Group, Elandis and London-based asset manager, M&G investments, have entered into joint-venture partnership, to launch a multifamily platform.
The joint-venture partnership will focus on US multifamily assets between Libra Group and M&G Investments. The platform represents M&G Investments' entry into the US multifamily market.
M&G Investments has committed an initial $50 million in equity to the partnership, to be used to acquire and reposition undervalued multifamily communities throughout the Sunbelt region. The partnership plans to invest and grow beyond the initial equity commitment.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
