The JV will pursue a serviced apartment development strategy. : A value-add fund managed by CBRE Global Investors has joined forces with CR Investment Management to develop apartment assets in Germany. CBRE Europe Value Partners 2 (EVP2) has partnered with CR, which has an established partnership with apartments firm Stayery, to pursue a serviced apartment development strategy. CBRE said the project developments will be concentrated on cities with major employer clusters, or underdeveloped hotel markets, adding that there will be a focus on university cities.