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Cypress Equity Expands Development/Acquisition Platforms
Cypress Equity Investments (CEI) has formed a joint venture partnership with Winter Properties, a related business of Standard Industries, to expand its housing, life science and other real property development and acquisition platforms in leading cities across the country, according to Michael Sorochinsky, founder and chief executive officer of Cypress Equity Investments. The new partnership enhances the breadth of CEI’s capabilities to meet housing needs at all levels of the economic spectrum.
“With the nation facing a critical housing shortage, it is imperative that we build as much quality housing as we can at every price point, from affordable to workforce to market rate to luxury,” says Sorochinsky. “Leveraging our development expertise, and Winter’s investment acumen and financial strength will allow us to accelerate our pace of growth in major cities across the United States.”
CEI’s current pipeline for 2021-2022 starts totals more than $1.75 billion in capitalization. With the new partnership, CEI expects to increase output by more than 50 percent.
- ◦Development
- ◦Financing
