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FrontRange Capital Forms Co-GP Partnership with Concord Capital Partners

FrontRange Capital (“FrontRange”) announced today it has formed a $20 million programmatic joint venture with Concord Capital Partners (“Concord”), of which FrontRange has committed $15 million. Concord is a California-based vertically integrated real estate investment firm with 100+ years of combined executive leadership experience. Since 2003, Concord has acquired over $1.5 billion of real estate, including more than 7,500 residential units and 1 million square feet of commercial space throughout the United States. The FrontRange-Concord venture will focus on workforce housing, seeking to acquire and reposition well-located Class B and C value-add multifamily communities built between the 1970’s and 2000’s. Concord’s target markets include Dallas-Fort Worth, Denver, Phoenix, and Las Vegas. Concord will use the proceeds to invest in its active acquisition pipeline of multifamily properties. The joint venture expects to have the capacity to acquire communities with an aggregate value of $500 million, inclusive of LP capital and mortgage debt.

About Concord

Concord is a real estate investment and development firm founded in 2003. Since its inception, Concord has acquired over $1.5 billion in real estate, including 1 million square feet of commercial space and more than 7,500 residential and student housing units throughout the United States. Concord draws on decades of combined experience to identify and acquire unique investments and ground up development opportunities. For more information, please visit concordcompanies.com.

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