(Disclosure: Rose Law Group represents Lennar.)
By Steve Ladurantaye | Builder
Lennar Corp. is reducing its exposure to the rental housing market, selling a majority interest in its Quarterra business to TPG Real Estate.
Quarterra is a developer of multifamily communities that combines institutional scale with local market expertise to deliver rentals in high-growth markets. Lennar has retained a minority stake in the platform.
“For nearly 15 years, we have prided ourselves on building homes and communities where people love to live,” says Quarterra CEO Brad Greiwe, who will stay on in the role. “With the continued support of Lennar and the business-building experience and investment expertise of our new partners at TPG, we are confident that the Quarterra platform is positioned to deliver on this mission at scale, expanding access to quality housing nationwide.”
