TPG Recapitalizes Quarterra with Lennar Retaining Minority Stake
January 6, 2026
TPG Real Estate has acquired a majority interest in Quarterra, recapitalizing the multifamily platform while Lennar Corporation retains a minority stake and will continue to provide synergies. The partnership includes a $1 billion strategic commitment from TPG to support Quarterra’s growth and the development of its pipeline of attainable multifamily rental housing across the United States.
- Buyers
- TPG Real Estate (TPG)
- Targets
- Quarterra
- Sellers
- Lennar Corporation
- Industry
- Real Estate
- Location
- North Carolina, United States
- Transaction Type
- Recapitalization
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