Denver-based ArrowMark Partners, and Irvine-based Western National Group have formed a programmatic co-GP venture that will invest in multifamily projects throughout Southern California. The venture will provide general partner capital to acquire existing multifamily communities and land sites for the development of new high-quality multifamily projects.

Additionally, the venture will strategically use capital to secure control of unentitled land sites using creative structures with land sellers to obtain development approvals, said Michael Hayde, CEO of Western National Group.

This venture is another important milestone for ArrowMark Partners’ CRE franchise, said Rob Brown, portfolio manager at ArrowMark Partners.  “We’re excited to partner with a long tenured best in class operator like Western National Group as we look to invest in opportunistic areas of the market.”

Hayde added, “ArrowMark’s reputation for flexibility and responsiveness in its commercial real estate investments makes it a great partner for the Western National Group. We are confident that this partnership is the right combination of people, capital and expertise to deliver success in our markets.”

Pictured: Western National Group’s Wood Canyon Villa apartments in Aliso Viejo.

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