3G Capital Advisors and Watermark Residential For New JV
The joint venture partnership will focus on developing class-A multifamily in US growth markets.
3G Capital Advisors and Watermark Residential have formed a joint venture agreement to develop class-A multifamily in US growth markets. The joint venture will operate as Watermark 3G Partners.
To start, the entity will build six class-A multifamily communities in Colorado, Arizona, Michigan, Missouri, and Alabama. According to 3G, the venture will work to maximize opportunities through customized financial solutions.
Watermark has built more than 10,000 units since 2010, while 3G formed in January of this year.
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