Elevation Land Announces Strategic Joint Venture with Artemis Real Estate Partners
At formation, Elevation Land Company is pleased to announce a strategic joint venture with a long-time relationship capital partner, Artemis Real Estate Partners. In joint venture, Elevation Land Company will co-invest with Artemis, seeking value-add acquisitions of industrial, life science and R&D buildings, as well as land aggregation for future development. Artemis has initially allocated $100 million of equity to the venture. The JV will target deals ranging in size from $20 million to $150 million in total cost.
Artemis Real Estate Partners is an investment manager based in metropolitan Washington, DC, with offices in New York City, Los Angeles and Atlanta. Artemis has raised approximately $7 billion of capital across core, core plus, value-add and opportunistic strategies. The firm makes equity and debt investments in real estate across the United States, with a focus on healthcare real estate (including medical office and senior housing), multifamily, industrial, office, retail, hospitality, and self-storage. Artemis specializes in joint venture partnerships with established, diverse and emerging operating partners and direct investments. More information can be found at www.artemisrep.com.