City View urban capital fund

CityView, based in Los Angeles and founded by former HUD secretary Henry Cisneros, is a capital fund that invests in urban real estate, with $2 billion in urban investments in 45 communities in 13 states as of August 2011. A recent example is West 27th Place, a seven-story building that hugs the corner of West 27th and Figueroa streets in Los Angeles, a neighborhood with a Walk Score of 95, within a short walk from multiple transit stops.

The building contains 161 apartments for students at the University of Sourthern California, plus 10,000 square feet of ground-floor retail. The building was certified LEED Platinum, the first student housing to be so certified the company says, and was fully leased on its grand opening. Symphony Development developed the building along with CityView, which gets its capital largely from pension funds.