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Värde Partners has formed a JV with David Weekley Homes to invest in land bank residential communities. The land banking facility, provided by Värde, offers significant capacity to acquire and develop residential lots in high-demand U.S. markets, such as Atlanta; Charlotte, N.C.; Orlando; Phoenix; and Tampa, Fla. David Weekley Homes will manage the sourcing and land development. The JV has closed on two projects in Phoenix, totaling more than $100M of project costs, and expects to scale the partnership with a pipeline of deals projected to close over the coming months.