Joining Forces

CASTO Lifestyle Properties, an affiliate of CASTO, formed a joint venture with JPMorgan Asset Management's Strategic Property Fund. The partnership will acquire, develop and redevelop mixed-use lifestyle and multi-family properties throughout southeastern and midwestern U.S. As part of the transaction, JPMorgan's Strategic Property Fund will acquire a 50 percent stake in five of CASTO Lifestyle Properties' existing holdings, with an estimated value of $300 million.