(Disclosure: Rose Law Group represents Lennar.)
By Leslie Shaver | Multifamily Dive
Two months after selling 5,200 units to New York City-based global investment firm KKR, Irving, Texas-based developer Quarterra Multifamily, a subsidiary of home building giant Lennar, is jettisoning another 1,400 apartments to QuadReal Property Group.
QuadReal, a Vancouver, British Columbia-based global real estate investment, operating and development company, owns 62,000 units globally and just over 14,000 apartments in the U.S. Overall, it has $77.6 billion under management. It partnered with Quarterra on previous developments, including the four properties it recently acquired.
“The living sector is a key area of conviction for QuadReal, and we are focused on building a best-in-class living portfolio in the U.S. and around the world,” Daniel Gliksman, managing director, Americas-East at QuadReal, told Multifamily Dive.
