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FrontRange Capital Forms Joint Venture with Fountain Residential

FrontRange Capital announced today it made a $20 million Co-GP commitment to a programmatic joint venture with Fountain Residential Partners (“Fountain”). Fountain is a Dallas-based private real estate company specializing in the development of purpose-built student housing located across national markets, with products ranging from cottage style apartments to urban mid-rises. Since 2010, Fountain has developed nearly 7,400 beds with a total capitalization of over $650 million. Fountain’s current pipeline contains potential developments at Tier 1 and Tier 2 Research Universities that are projected to experience outsized rent growth due to growing university enrollments and an undersupply of beds. The investment is being made by FrontRange, and Fountain will use the proceeds to invest in its growing pipeline of student housing developments.

About Fountain Residential Partners

Fountain Residential Partners is a privately held development and asset management company specializing in luxury, mixed-use, and affordable apartment homes in university and collegiate markets across the United States. Specializing in student housing since 2001, the principals of Fountain Residential have completed over $2 billion in new student housing construction across the country. For more information, please visit fountainresidential.com.

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