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Chicago & Midwest  + Midwest  + Apartments  |  April 4, 2024
Jasmine Kilman
By: Jasmine Kilman

Värde Partners, David Weekley Homes Form Land Banking JV

Värde Partners, a Minneapolis-based global alternative investment firm specializing in credit and credit-related assets, and David Weekley Homes, one of the largest privately-held national home builders, have formed a joint venture to land bank residential communities for David Weekley Homes across the nation.

The land banking facility, provided by Värde, offers the significant capacity to acquire and develop residential lots in high-demand U.S. markets, such as Phoenix, Tampa, Atlanta, Orlando and Charlotte. David Weekley Homes will manage the sourcing and land development.

The joint venture has already closed on two projects in Phoenix, totaling over $100 million of project costs, and expects to scale the partnership with a pipeline of deals projected to close over the coming months. Värde’s investments in U.S. residential real estate and home building include strategic land banking partnerships and a portfolio of master-planned communities.

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Varde PartnersDavid Weekley Homes

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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