QuadReal Property Group (“QuadReal”), a global real estate investment, development, and operating company acquired 100% direct interest in two manufactured housing communities, both located in key submarkets of Colorado. The purchase price was USD $240 million.
“As a leading provider of housing globally, QuadReal is committed to expanding its portfolio of quality housing options across a variety of residential types,” said Daniel Gliksman, Managing Director at QuadReal. “This latest acquisition enhances our growing U.S. manufactured housing portfolio and reflects our strong residential conviction, globally.”
Located in Colorado, these well-managed, high-quality, stabilized communities offer residents large community centers, pools and other outdoor recreation amenities.
The firm’s high-conviction investment strategy and international experience have established QuadReal as a top 20 real estate investor globally. Presently, QuadReal’s global residential portfolio consists of over 124,000 units with over 32,700 located in the U.S. In the next five years, QuadReal will deliver an additional 24,000 units globally.
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management are $89 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating platforms in which it holds an ownership interest.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
