Bain Capital Real Estate and Cherry Tree Capital Partners Form Joint Venture to Develop Rental Townhome Communities in Southern California
Bain Capital Real Estate and Cherry Tree Capital Partners today announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California.
- Bain Capital Real Estate and Cherry Tree Capital Partners today announced the formation of BCT Development, a strategic joint venture focused on the ground-up development of premier rental townhome communities throughout Southern California.
- The joint venture launches with the objective of deploying several hundred million dollars of gross capital over the next several years.
- “Bain Capital Real Estate has a long-standing reputation as a thoughtful, thematic investor who shares our conviction in the multifamily housing space.
- The Cherry Tree Capital Partners team also includes Principals Austin Maleki, Mike Wu, and John Bosco.