CapitaLand announced on Dec 7 that it has formed a programmatic joint venture (JV) to invest in multifamily assets in the US’s Southeast and Southwest markets with an initial focus on Austin, Texas.

Under the JV, CapitaLand and its JV partner will acquire and develop multifamily assets totalling some US$300 million ($416.1 million) in gross asset value.

The partner is an Austin-headquartered real estate investment, development and property management firm, which has developed over 25,000 multifamily units across the US since its inception 25 years ago.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook