Varia US, Brookfield Launch $694M Multifamily Joint Venture
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Varia US, Brookfield Launch $694M Multifamily Joint Venture
Varia US Properties AG, the Swiss-listed investor in the U.S. multifamily sector, externally managed by Stoneweg, an SWI Group Company, has formed a US$693.9 million two-vehicle joint venture with affiliates of Brookfield Asset Management for 13 of Varia’s 17-property U.S. multifamily portfolio. The JV provides access to up to US$200 million equity capital to fund future acquisitions, enabling Varia US to expand its portfolio and reposition the …
Originally published in Brains Real Estate News Stoneweg and Brookfield create a joint venture for their residential portfolio in the United States 18 Stoneweg has signed an agreement with Brookfield Asset Management to refinance 13 of the 17 assets that form part of Varia US Properties’ multifamily residential portfolio in the United States. The operation envisages the creation of a joint venture consisting of two vehicles, with a combined valu…
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