Ashland Pacific and Integrated Capital Management form $150m real estate JV

Ashland Pacific, a Los Angeles-based vertically integrated real estate firm, recently announced that it has formed a joint venture with Integrated Capital Management (ICM), that will focus on acquiring and managing $150 million of student housing properties on the West Coast.

Ashland Pacific will be the managing member of newly formed Ashland Pacific Integrated (API) with primary responsibility for the venture’s day-to-day operations.

API staked its first claim with the acquisition of an $18 million portfolio of student housing assets located less than one mile away from the University of Southern . . .

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