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CAMBRIDGE, MA-Behringer Harvard and Wood Partners have launched construction of a 392-unit luxury rental apartment community on a 2.4-acre infill site here. It marks the second joint venture between Dallas-based Behringer and Atlanta-based Wood in as many months on multifamily development in Boston’s suburbs.

According to SEC filings, Behringer Harvard Multifamily REIT I Inc. is providing about $191 million of equity capital toward development of the 15-story high-rise, tentatively called 22 Water Street. The JV expects to finish construction in the first quarter of 2015.

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