Dune, TF Cornerstone Launch $1B Office-to-Residential Venture

12/3/2024

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Connect CRE

• Subcategory: MF: Market Rate, Office: CBD, Office: Urban

• Tag: Conversion | JV-Partnership | Strategy

• Additional Filters-Subcategory: MF: Garden, MF: Highrise, MF: Midrise, Office: Garden, Office: Highrise, Office: Midrise

• Additional Filters-Tags: Conversion: Office-to-Residential

• Company: Dune Real Estate Partners

Dune Real Estate Partners and development firm TF Cornerstone (TFC) said Tuesday they had created a $1-billion venture, Alta Residential, to convert office properties to residential. The venture expects to initially target opportunities in New York City, Washington, DC, Boston, Charlotte, Raleigh, Atlanta, Dallas, San Francisco and Los Angeles.