Trending...
- California: Governor Newsom proclaims Independence Day 2025
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Transgender Visual Artist Debuts New Work
LOS ANGELES & MONTREAL - Californer -- Ivanhoé Cambridge and Mount Auburn Multifamily have formed a programmatic joint venture to invest in preferred equity for ground-up multifamily developments throughout the U.S. In a context where the lack of housing can be an issue in some cities, the venture is aimed at developers to provide an easy path to complete their capital structures and bring more housing to the market.
The partnership will further Mount Auburn's existing investment strategy focused on millennial migration to secondary markets exhibiting low-cost, business friendly environments, high population growth, and low cost of living. The partnership's primary target markets include Atlanta, Austin, Charlotte, Columbus, Dallas/Fort Worth, Denver, Houston, Indianapolis, Jacksonville, Louisville, Nashville, Orlando, Phoenix, Raleigh, Salt Lake City, San Antonio, Tampa, and Washington, D.C. suburbs.
Ivanhoé Cambridge has been particularly active in the U.S. residential market lately with more than 40,000 units in assets. It plans to continue growing its residential asset class with targeted partners in different areas, increasing the number of development projects to meet community needs and demographic changes.
Mount Auburn, with $2 billion in assets under management representing more than 10,000 units across the country, intends to utilize existing, and create new, relationships with best-in-class regional developers and owners.
More on The Californer
"Partnering with Ivanhoé Cambridge is a transformational relationship that allows Mount Auburn to capitalize on the explosive demand growth in secondary markets that we have seen for over a decade," says Matt Pavlovich, Executive Vice President for Mount Auburn. "Ivanhoé Cambridge is a sophisticated, long-term oriented partner and we look forward to assembling a distinguished portfolio together. This is only the beginning for our partnership together."
"U.S. multifamily continues to offer compelling returns for Ivanhoé Cambridge and the partnership with Mount Auburn provides us with an opportunity to diversify our U.S. multifamily portfolio into markets that are well-positioned for durable growth," said Charles-Antoine Lussier, Ivanhoé Cambridge Senior Vice President. "We are happy to partner with Mount Auburn on this joint venture. This is a first step and we look forward to expand our relationship in the future."
About Mount Auburn
Mount Auburn is a vertically integrated private real estate company owning and managing a multi-billion dollar portfolio of stabilized, high-quality multifamily assets in high-growth U.S. secondary markets. Mount Auburn, along with its property management arm, Bluestone Property Management, was an early entrant to US secondary markets. Mount Auburn leverages its 20+ year relationships in the industry and is hallmarked by its innovative, proprietary software technology and its pioneering cultural approach that combines traditional office with remote work, creating career opportunities for top multifamily industry professionals without geographic restriction. For more information: mtauburn.net.
More on The Californer
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint. Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,100 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held C$60,4 billion in real estate assets as at December 31, 2020 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
media@ivanhoecambridge.com
The partnership will further Mount Auburn's existing investment strategy focused on millennial migration to secondary markets exhibiting low-cost, business friendly environments, high population growth, and low cost of living. The partnership's primary target markets include Atlanta, Austin, Charlotte, Columbus, Dallas/Fort Worth, Denver, Houston, Indianapolis, Jacksonville, Louisville, Nashville, Orlando, Phoenix, Raleigh, Salt Lake City, San Antonio, Tampa, and Washington, D.C. suburbs.
Ivanhoé Cambridge has been particularly active in the U.S. residential market lately with more than 40,000 units in assets. It plans to continue growing its residential asset class with targeted partners in different areas, increasing the number of development projects to meet community needs and demographic changes.
Mount Auburn, with $2 billion in assets under management representing more than 10,000 units across the country, intends to utilize existing, and create new, relationships with best-in-class regional developers and owners.
More on The Californer
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- First Partner highlights apprenticeship program helping underrepresented youth break into careers in California's iconic entertainment industry
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Cal State LA secures funding for two artificial intelligence projects from CSU
"Partnering with Ivanhoé Cambridge is a transformational relationship that allows Mount Auburn to capitalize on the explosive demand growth in secondary markets that we have seen for over a decade," says Matt Pavlovich, Executive Vice President for Mount Auburn. "Ivanhoé Cambridge is a sophisticated, long-term oriented partner and we look forward to assembling a distinguished portfolio together. This is only the beginning for our partnership together."
"U.S. multifamily continues to offer compelling returns for Ivanhoé Cambridge and the partnership with Mount Auburn provides us with an opportunity to diversify our U.S. multifamily portfolio into markets that are well-positioned for durable growth," said Charles-Antoine Lussier, Ivanhoé Cambridge Senior Vice President. "We are happy to partner with Mount Auburn on this joint venture. This is a first step and we look forward to expand our relationship in the future."
About Mount Auburn
Mount Auburn is a vertically integrated private real estate company owning and managing a multi-billion dollar portfolio of stabilized, high-quality multifamily assets in high-growth U.S. secondary markets. Mount Auburn, along with its property management arm, Bluestone Property Management, was an early entrant to US secondary markets. Mount Auburn leverages its 20+ year relationships in the industry and is hallmarked by its innovative, proprietary software technology and its pioneering cultural approach that combines traditional office with remote work, creating career opportunities for top multifamily industry professionals without geographic restriction. For more information: mtauburn.net.
More on The Californer
- Colbert Packaging Announces WBENC Recognition
- New Mobile Car Detailing Platform Connects Drivers with On-Demand Local Pros
- Over the past three months, California seized $476 million worth of unlicensed cannabis products
- California scores more clean energy records: 9 in 10 days this year partially powered by 100% clean energy
- "Mobile Suit Gundam" Takes Over San Diego Comic-Con 2025
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint. Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,100 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held C$60,4 billion in real estate assets as at December 31, 2020 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
media@ivanhoecambridge.com
Source: Mount Auburn Multifamily
0 Comments
Latest on The Californer
- Voices for Humanity Builds a Better Future for Ghana with Richmond Atta-Williams
- Haunted Doll House at The Gregangelo Museum
- Mystical Insights at the Gregangelo Museum
- Ben Pouladian, CEO of BEP Holdings, to Join ISPE Los Angeles Biomanufacturing Panel
- Raksmart: Promoting Security in Global Hosting Service
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Local Pub Grows Unique Community Ownership Program
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- California: Acting Governor Eleni Kounalakis proclaims Disability Pride Month
- CHRIS EDMONDS JOINS CITY NATIONAL BANK AS EXECUTIVE VICE PRESIDENT, HEAD OF COMMERCIAL AND NATIONAL CORPORATE BANKING
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- California: $35 million to law enforcement partners to keep communities safe from impaired driving
- Curtis Sergeant's Book The Only One Continues to Equip Christians to Live Fully in by and for God
- IFYA Announces New Froyo Heaven Art Contest
- BKM Capital Partners Publishes Case Study on Hughes Airport Center, Showcasing Strategic Value-Add Execution in Las Vegas
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- Auto Careers Online Secures Top Dealers' Choice Award for Eighth Consecutive Year
- MANTL Becomes First Fintech to Offer Plaid Layer
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber