The companies teamed up to develop a 350-unit, Class A residential building in Covington, Ga.: A joint venture of Haven Communities and Asia Capital Real Estate (ACRE) has kicked off construction of The Cove at Covington Town Center, a 350-unit luxury apartment community in suburban Atlanta. According to the partnership, the residential project is the first market-rate development to rise in the area in more than 20 years. Financing for the community is being provided by IberiaBank and Great Southern Bank. Terms of the financing were not disclosed.