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CapitaLand forms $416.1 mil JV to scale multifamily asset portfolio in US

Felicia Tan
Felicia Tan12/7/2020 07:37 AM GMT+08  • 3 min read
CapitaLand forms $416.1 mil JV to scale multifamily asset portfolio in US
With this new investment, CapitaLand will have S$4.7 billion of assets under management in the US.
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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.

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