The Village at Rayzor Ranch was far enough along when the pandemic began that it wasn't affected by delays and has been completed on schedule, despite issues that have unfolded on many construction sites.

"Private real estate has historically delivered low volatility and strong diversification benefits," the Black Creek Group said.

AIC Ventures purchased the asset and executed a long-term, absolute net lease with the seller.

The grant will ensure progress continues on the Jordan Downs project as well as the wider Watts community.