- What QuadReal purchased two manufactured home communities in Colorado
- Why The deal built on an eight-asset portfolio acquisition in November
- What next QuadReal plans to deliver 24,000 residential units in the next five years
QuadReal Property purchased two manufactured housing communities in the U.S. for US$240m (C$343m).
QuadReal, headquartered in Vancouver, acquired a 100% interest in the communities, both in key submarkets of Colorado.
The exact locations of the communities were not disclosed. However, QuadReal said they are high-quality, stabilized communities with large community centers, pools and other outdoor recreation amenities.
The deal follows QuadReal’s November 2024 acquisition of a US$330m, eight-asset manufactured homes portfolio across four U.S. markets: Austin, Dallas, Orlando and Salt Lake City.
QuadReal’s U.S. manufactured housing portfolio now exceeds 3,500 pads.
The firm, under chief executive Dennis Lopez, has $89bn under management. Its global residential portfolio comprises more than 124,000 units, over 32,700 of which are in the U.S.
QuadReal plans to deliver another 24,000 units globally in the next five years.
