Dune Real Estate is teaming up with TF Cornerstone to form a $1 billion venture that will focus on transforming office assets into residential sites to meet the housing demand.

Through Alta Residential, the two real estate firms will analyze, and source those opportunities. The initial target will be for various major regions in the nation including New York City, Washington, DC, Boston, Atlanta, Dallas, San Francisco, Los Angeles, Charlotte, and Raleigh.

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