The partnership will develop two to four projects per year.
Dallas — Fountain Residential Partners has partnered with Commodore Student Housing for the purposes of developing of new student housing projects. Commodore, which specializes in venture capital and private equity investments, will provide an equity investment as well as a long-term credit line to Fountain Residential for future projects. Fountain has completed more than $1 billion in purpose-built student housing projects over the past 40 years for companies such as JPI, Place Properties and others.
The partnership plans to develop two to four projects per year in markets with high barriers to entry.