- What QuadReal has acquired four apartment complexes in the U.S.
- Why The assets are expected to deliver strong risk-adjusted returns
- What next The firm will oversee the operations, leasing and capital investments
QuadReal Property Group has purchased four Class-A multifamily properties totaling 1,400 units in the U.S.
The properties comprise the 343-unit Beacon85 in Denver; the 432-unit Bradham in Charlotte; the 293-unit Maris in Annapolis, Md.; and the 399-unit Nexa in Tempe, Ariz. All are close to shopping, public transportation and employment areas.
The assets are expected to deliver strong risk-adjusted returns and support the firm’s growing direct-owned and self-managed residential portfolio in the U.S.
QuadReal will oversee the operations, leasing, and capital investment for the assets. It will outsource property-management services to a third party.
