Ivanhoé Cambridge Expands Investment in Mount Auburn in Apartment Play
It will focus on millennial migration, secondary markets with low cost of living.
GlobeSt.com | Oct. 6, 2021
Ivanhoé Cambridge is expanding its relationship with Mount Auburn Multifamily by investing $150 million of preferred equity directly into the company.
Mount Auburn’s investment strategy is focused on millennial migration to secondary markets exhibiting low-cost, business friendly environments, high population growth, and low cost of living.
Ivanhoé Cambridge, which owns 45,000 residential units, has been particularly active lately in the US residential market. Last month, for example, it formed a programmatic joint venture with Walker & Dunlop Investment Partners to make preferred equity investments in multifamily, student housing, and manufactured housing properties throughout the US.View Full Article