#United States #New York #InterVest Capital #Castle Lanterra #multifamily projects

Castle Lanterra and InterVest Capital: Major New Investments in the US

Castle Lanterra (CL), a prominent real estate investment firm headquartered in New York, and InterVest Capital Partners (ICP), a global alternative investment manager, have just announced a significant milestone in their partnership. This collaboration marks their second investment initiative in the United States, focusing on multifamily housing projects that will greatly enhance urban living conditions.

Financing Overview

On January 14, 2026, the companies revealed they secured over $77 million in capital with the closing of a $62.3 million senior bridge loan intended for Z Modular's Flatz 512 project located in San Marcos, Texas. This deal follows an earlier investment in 2024, which involved a subordinate loan aimed at completing Phase II of the Tahoe Beach Club, a luxurious condominium project on the scenic South Shore of Lake Tahoe in Stateline, Nevada.

Elie Rieder, the CEO and Founder of Castle Lanterra, emphasized the importance of strategic partnerships, stating, "We recognize the significance of collaborating with industry leaders like InterVest to ensure mutual success for our financed projects." He further noted that this investment exemplifies their capability to provide financial resources for promising developments in challenging market environments.

Project Details: Flatz 512

The Flatz 512 project features a modern apartment complex comprising 384 units, with options ranging from studio apartments to three-bedroom residences. The community is designed with luxurious finishes and top-tier amenities, making it an attractive option for residents. As of now, Flatz 512 is in the leasing phase and has shown robust demand, benefiting from the strategic location between two major cities—Austin and San Antonio—along the burgeoning I-35 innovation corridor. The area is experiencing robust job growth and a steady influx of new residents, strengthening the project's potential for long-term success.

Castle Lanterra’s Credit Platform

Castle Lanterra inaugurated its credit platform in 2023, focusing on originating and acquiring senior bridge loans, mezzanine loans, and preferred equity investments. With the success of the recent joint projects with InterVest, the firm has totalled approximately $101.3 million in credit investments to date. Their approach combines deep operational and acquisition expertise to provide a tailored, borrower-focused model in credit investing.

The firm is dedicated to exploring a wide range of opportunities within the commercial real estate space, maintaining a core focus on multifamily acquisition strategies that are value-add and opportunistic in nature.

About Castle Lanterra

Founded in 2009 by Elie Rieder, Castle Lanterra (CL) has established itself as a reputable player in the real estate investment landscape. Specializing in repositioning multifamily communities and acquiring newly constructed properties, the firm pursues promising investment opportunities in growing markets throughout the United States. Thanks to its credit platform, the firm has been focused on sourcing mezzanine financing and preferred equity deals, having closed over $3 billion in transaction volume across 12,000 residential units and 890,000 square feet of commercial space since its establishment.

About InterVest Capital Partners

InterVest Capital Partners operates as a registered investment advisor based in New York, specializing in asset-based lending, leasing, and various structured finance avenues. Formerly known as Wafra Capital Partners, InterVest focuses on private credit, real estate investments, and debt opportunities, including those that comply with Shari'ah principles.

The collaboration between Castle Lanterra and InterVest Capital Partners marks a pivotal movement in their strategies toward ensuring strategic financing solutions targeted at the multifamily sector, setting a precedent for future investment opportunities in the evolving real estate market.