August 16, 2016
Los Angeles-based CityView closed CityView Western Fund I, L.P., a $150-million equity fund that invests in multifamily housing in select markets. CityView will focus the fund on creating new multifamily housing developments, and renovating existing buildings.
CityView’s Sean Burton says the fund “enables us to build on our experience in the Western and Southwestern U.S., and gives us the ability to put an additional $400 million to work as we continue to take advantage of opportunities in supply constrained markets.”
The firm says opportunities are being driven by Millennial demand for apartments that put them in close proximity to jobs, shopping and entertainment options.
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Tags: Apartments & Multifamily