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AUSTIN, TEXAS — A newly formed joint venture between two international real estate firms, Canyon Partners Real Estate and Gilbane Development Co., will develop Aer, a 375-unit multifamily project in Austin. Gilbane is the lead developer of Aer, and Canyon Partners is a preferred equity investor. The development will be located approximately three miles south of downtown Austin along South Lamar Boulevard. Residences will come in studio, one- and two-bedroom units, with the leasing campaign expected to commence in early 2027.