TPG Real Estate has acquired a majority interest in Quarterra, a developer of high-quality multifamily communities. In addition, Lennar Corp. has retained a minority stake in the platform and continues to provide differentiated insights and synergies to Quarterra.
TPG has made an additional $1 billion strategic commitment in connection with the acquisition and expects to raise additional capital to fund future growth and the development of Quarterra’s multifamily pipeline, with a focus on Emblem communities, which aim to deliver attainable class A, strategically located housing purpose-built for modern workforces and families.
Quarterra’s portfolio spans the full residential rental spectrum — from amenity-rich multifamily buildings to full-scale, single-family communities. Since its launch in 2011, the platform has delivered more than 43,000 rental residences across the United States, with approximately 13,000 additional units in the development pipeline.
