EL PASO, TX-Local developer Hunt Cos. Inc. has joined forces with Carlsbad, CA-based Urban West LLC in an effort to find markets in which to build class A, institutional quality multifamily properties. The partnership plans to focus on areas in the western U.S., specifically Washington, California and Arizona.
"Ideal projects for us are those that are multifamily focused with mixed-use components including some office and retail," said John Ed Easley, president and CEO of Urban West in a press release announcing the joint venture. "This partnership is an ideal fit as Hunt's experience as a multifamily developer, general contractor, investor and manager is synergistic with Urban West's entrepreneurial capabilities."
"Ed and his team are a good compliment to our existing operating and investment platforms, and we appreciate Randal Howard and the Moran & Co. team for the introduction and their expertise in bringing us together," added Ryan Luxon, Hunt’s EVP in the same press release. Representatives with both companies were not able to be reached before deadline.
In addition to the development of new multifamily properties, Urban West and Hunt seek to acquire high-yielding existing, Class A and B properties built within the past 20 years and reposition those properties through unit and common area improvements.
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