Brookfield affiliates form $693.9M joint venture for Varia U.S. multifamily
Brookfield Asset Management affiliates signed a definitive agreement to acquire 13 of Varia US’s 17 U.S. multifamily properties through a newly formed USD 693.9 million two-vehicle joint venture. The structure provides access to up to USD 200 million equity to fund future acquisitions, supporting Varia US’s push toward a higher-quality residential portfolio and portfolio growth.