August 29, 2019
Newport Beach, CA-based 3G Capital Advisors LLC formed a joint venture with Watermark Residential called Watermark 3G Partners LLC, an entity focused on Class A multifamily development. The venture seeks to develop communities in stable growth markets across the United States that have demonstrated a need for additional multifamily housing.
3G Capital Advisors’ Christopher Hilbert says, “Our combined organizations bring together specialized expertise in multifamily real estate development, construction, management and finance, with a singular focus on delivering high quality projects for the benefit of the communities and partners with whom we work.”
Watermark 3G Partners plans to develop six Class A multifamily communities in Colorado, Arizona, Michigan, Missouri, and Alabama.
One of the communities is in Huntsville, AL (rendering above), and once necessary approvals are secured, the developer anticipates breaking ground in early 2020.
For comments, questions or concerns, please contact Dennis Kaiser