Carpathian Capital Management and Onyx+East Acquire Residential Development in Cincinnati

MINNEAPOLIS - Jan. 3, 2024 - PRLog -- December 14, 2023 – Minneapolis, MN Carpathian Capital Management is pleased to announce the closing of Everly, a 29-unit townhome development project in Cincinnati, OH, in partnership with Onyx+East.

The site is located 2.5 miles northeast of downtown in the East Walnut Hills neighborhood, a top sub-market of Cincinnati, with walkability to restaurants, bars, and boutiques and some of the top schools in the metro area nearby.

A Joint Venture has been formed between Onyx+East and CCM to acquire the land, develop the site, and construct 29 townhomes for sale to end buyers.

Headquartered in Indianapolis and operating out of four offices in the Midwest and Florida, Onyx+East excels as a full-service home builder, handling development, construction, marketing, design, and sales. Executives have collectively built over 7,500 for-sale and build-to-rent homes to date. Everly represents the first project in an anticipated ongoing partnership between CCM and Onyx+East.

About CCM: Carpathian Capital Management is a real estate private equity firm headquartered in Minneapolis, MN, with over $150M of real estate assets under management. Specializing in joint venture residential development opportunities, CCM leverages decades of experience in the industry to identify best-in-class operating partners with projects needing equity financing.

About Onyx+East: Onyx+East, established in 2015, is a comprehensive homebuilder with operations across the Midwest and Florida. They specialize in developing modern living spaces in prime locations, focusing on customer satisfaction. Their commitment to creativity, innovation, and sustainability is reshaping living experiences in cities and suburbs. Visit onyxandeast.com (https://carpathiancapital.sharepoint.com/sites/IRTeam/Sha...) for more details.

Contact:

Name: Ben Frederickson, Investor Relations Director

Mobile: 612.564.6047

Email: bfrederickson@carpathiancapital.com