QuadReal Property Group, a global real estate investment, operating, and development company, has recently acquired four Class A multifamily properties in key U.S. markets: Denver, Charlotte, Phoenix, and Washington, D.C. This acquisition adds 1,400 residential units to QuadReal’s portfolio, aligning with its focus on high-demand submarkets with strong economic fundamentals.
Strategic Asset Acquisition
The new properties are positioned in areas that offer significant retail amenities, access to public transportation, and proximity to employment hubs, which supports QuadReal’s strategy in the multifamily sector. Daniel Gliksman, Managing Director at QuadReal, stated that these assets are well-situated to benefit from local market conditions, which are conducive to long-term value creation.
Operational Strategy and Management
QuadReal will oversee the operations, leasing, and capital investments for these properties, with day-to-day property management handled by an external third-party provider. This approach aligns with the company’s strategy of building a diversified, directly-owned, and self-managed residential portfolio in the U.S.
Focused on Quality and Returns
Jonathan Dubois-Phillips, President of International Real Estate at QuadReal, highlighted that the company remains selective in its acquisitions, emphasizing quality assets that align with its portfolio goals. He noted that the investment in these U.S. submarkets is expected to deliver strong, risk-adjusted returns.
Details of the Acquired Properties
Company Overview
QuadReal Property Group, headquartered in Vancouver, British Columbia, manages assets valued at $77.6 billion. The company has expanded from its Canadian origins to invest in both public and private markets globally, with a focus on equity and debt investments. QuadReal’s mission is to generate strong investment returns while fostering sustainable environments that benefit communities now and in the future.
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By Proptechbuzz
By Ravi Kumar
