Qatar’s leading investment bank QInvest will develop a land plot located in South Boulevard in Charlotte, North Carolina, USA into a residential complex of 200 apartments encompassing an area of 165,000 square feet, Invest-Gate reports.

The project will be developed through a partnership with a Gulf investor and will be completed in 2018, according to the bank’s released statement.

“We are excited to be investing in this project. The city of Charlotte has excellent investment fundamentals and we expect this development to yield highly attractive risk-adjusted returns,” QInvest Chief Executive Officer Tamim Hamad Al-Kawari said.

Al-Kawari added that the investment represents an important milestone for QInvest, which looks to expand its presence in the multifamily real estate market.