Peakhill Capital is forming a joint venture with Declaration Partners to collaborate on various multifamily investments, providing up to $25 million per deal.
While they did not specify any projects at this time, the duo plans on entering student housing, build-for-rent, and other multifamily segments. The JV estimates spending between $5 million and $25 million on preferred equity investments.
Peakhill Capital in a statement said that they plan on providing "gap capital" through CMBS and LifeCo. to residential and property owners with active loans. According to the private real estate group, it has set a $300 million mark for production goals with Declaration Partners. The latter of the two firms manages roughly $2.2 billion in assets.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
