ARA Forms Joint Venture With CWCapital

a-headquartered Apartment Realty Advisors (ARA), a multifamily investment advisory brokerage firm, has formed ARA Finance – a joint venture of ARA and CWCapital LLC. The national venture will provide a full range of mortgage finance services to ARA clients and will leverage CWCapital's existing multifamily, agency lending platform, according to the companies. ‘The formation of the venture is in response to our clients' growing need for financing services," says ARA's chairman, Gary Kachadurian. "Our clients certainly had their pick of any multitude of financing platforms, but they made it clear that they wanted ARA to provide the financing services. At the end of the day, this is a natural expansion of ARA's platform where we're enhancing our service delivery model to include the very critical financing component." ARA Finance is managed by the venture's executive committee made up of three CWCapital executives and three ARA executives. The committee plans to recruit a seasoned multifamily lender/manager to serve as cheifl operating officer (COO) in Dallas, Houston or Denver. The COO will assist with the growth and future direction of the venture. SOURCES: Apartment Realty Advisors, CWC


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