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ArcWest Partners, a joint venture between Arc Capital Partners and Belay Investment Group, has received an additional $100 million in capital from Belay. As a result, the firm plans to acquire $400 million to $425 million in urban infill projects in the Western US. ArcWest is particularly bullish on urban infill markets in both California and Texas.

“We specialize in creating urban mixed-use environments in primarily California and Texas to target millennial growth,” Quincy Allen, co-founder and managing partner of ArcWest Partners, tells GlobeSt.com. “There are more than 95 million millennials coming of age and they are the largest and most diverse age group in U.S history. Their strong preference is for urban mixed-use that offers amenities, good food, diversity, walkability, close access to job centers and transit. We pursue this demand with curated value-add repositioning that impact infill locations.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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