SEATTLE-As GlobeSt.com previously reported, the Joshua Green Corp., a Seattle-based investment firm, recently made an investment in locally based real estate operating company Urban Renaissance Group. The transaction includes JGC’s existing $150-million portfolio, which now becomes part of URG, merging JGC’s real estate assets into URG’s operating platform. JGC has also committed up to $50 million in additional investment for URG’s first fund, Urban Renaissance Investment Partners LLC.

GlobeSt.com chatted with URG CEO Patrick Callahan on the deal and he notes that the deal wasn’t driven by timing. “It was more a matter of building a long-term company with a long-term view.”

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