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The governor states that $12 billion of the $13 billion investment will come from the private sector. The Port Authority of New York and New Jersey has committed $1 billion to the JFK Vision Plan.
The portfolio includes 23 properties in Missouri, 10 in California, six in Arkansas and two in Nevada, all of which represents nearly the entirety of the company's operational real estate.
The deal marks the third multifamily acquisition between Tower 16 Capital and the US subsidiary of UK-based investment firm Henley that has amassed a portfolio of nearly 1,300 units in Las Vegas so far this year.