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Brookfield affiliates form $693.9M joint venture for Varia U.S. multifamily

Brookfield Corporation logoBrookfield Corporation
Sig3.33Sen+3.65Env0.00Soc+0.33Gov0.00

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.

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