PCCP and Cityview announce Belle on Bev recapitalization

A syndicated press release reports that PCCP and Cityview formed a joint venture to recapitalize Belle on Bev, the 243-unit Los Angeles community developed by Cityview. It reports no transaction price. This is a recapitalization, not a full Cityview exit. October 31 is this release’s publication date, not a confirmed closing date.