Investors’ $16 million preferred equity commitment anchors construction of 409-unit multifamily project, marking the first phase of a 14-acre master-planned development
DALLAS and Newport Beach, Calif. - April 10, 2018 – Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, in partnership with Minneapolis-based CarVal Investors, has made a $16 million preferred equity investment in the $74 million development of Jefferson Alpha West, a 409-home Class A apartment community in the Dallas-Fort Worth Metroplex city of Farmers Branch, Texas. The project is a co-development between JPI and Dallas-based Bridgeview Real Estate, master developer of the 14-acre Alpha West mixed-use project near the Galleria Dallas regional mall.
