Singapore realty major CapitaLand buys US rental housing assets for $835m

Singapore realty major CapitaLand buys US rental housing assets for $835m

Marquessa Villas in Greater Los Angeles. Photo: CapitaLand website

CapitaLand, one of Singapore’s largest real estate players, has acquired 16 freehold multi-family properties in the US for a consideration of $835 million, marking its foray into the asset class.

The move takes CapitaLand’s investment in the US to over $1.5 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter