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Western National, Banner Oak Form MF Partnership
Irvine, CA-based Western National Group formed a strategic joint venture with Dallas-based Banner Oak Capital Partners, LP that plans to invest in multifamily projects throughout California’s major markets. The programmatic investment vehicle will provide general partner capital, as well as select limited partner capital, for both the acquisition of existing properties and for ground-up development projects.
The venture may also seek the investment of third-party limited partner capital on a project-by-project basis, according to Michael Hayde, CEO of Western National Group (pictured).
“Banner Oak has an excellent track record of successful multifamily real estate transactions, and has a reputation of high integrity,” says Hayde. “We are confident that this partnership is with the right people and has all the necessary elements for future success in the market.”
For comments, questions or concerns, please contact Dennis Kaiser
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