One of CapitaLand's new holdings in the US.SINGAPORE–CapitaLand International has acquired a portfolio of 16 multifamily properties in the US for $835 million, or $220,000 per unit–the group's first investment in the US multifamily asset class. The 3,787-unit, Class B portfolio is located in suburban communities around Seattle, Portland, Los Angeles and Denver. CapitaLand sees the acquisition as a value add play and plans to refurbish the portfolio in phases over the next few years.
“The stable, reliable cash flows of these Class B multifamily properties make this suburban portfolio more attractive than the higher-priced urban core segment,” Gerald Yong, CEO of CapitaLand International, said in a prepared statement.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
