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| Tom Scott |
CHICAGO, IL (June 8, 2016)
— CA Residential LLC, the multifamily investment and development division of CA
Ventures, together with The Habitat Company today announced the launch of a
programmatic partnership through which Habitat will assume management of a five-building,
1,215-unit apartment portfolio owned by CA.
In addition, the Chicago-based firms will draw
on more than half a century of collective experience in the multifamily sector
to pursue co-development and investment opportunities in select markets throughout
the U.S., targeting properties between $40 million and $120 million.
“Since our inception, we
have worked tirelessly to unearth opportunity in niche markets – both
geographically and in various sectors of commercial real estate – where few other
developers have thought to look,” said Tom
Scott, CEO of CA Ventures.
“Our strategic alliance
with The Habitat Company is one of many relationships we’ve established along
the way and will supplement our development and investment expertise with high-quality
development experience and the best-in-class management services for which
Habitat has been known for the past 45 years.”
For a complete copy of the company’s news release,
please contact:
Sara Williams,
swilliams@taylorjohnson.com, 312-267-4510
Kim Manning,
kmanning@taylorjohnson.com, 312- 267-4527
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