A Korean investor is partnering with Cottonwood Group on its $950 million EchelonSeaport development with plans to invest together future projects in the U.S.

Hana Alternative Asset Management has taken a debt position in the 1.3 million-square-foot development under construction on Seaport Boulevard and selected Cottonwood Group as its strategic real estate investment and asset manager. The two companies seek opportunities in markets including Boston, New York, Los Angeles, San Francisco and Seattle, the companies said.

The first phase of the 1.3 million-square-foot EchelonSeaport, built on parcels M1 and M2 in the master-planned Seaport Square, is scheduled to open in late 2019.

EchelonSeaport is marketing 447 condos in the 1.3 million-square-foot development and recently opened a sales office at 101 Seaport.

The debt placement is the first in the U.S. by Hana Alternative Asset Management, a subsidiary of the Hana Financial Group that has over $6.2 billion in assets under management.