Lendlease launches $2B multifamily fund

Australia-based construction giant Lendlease has co-launched a multifamily investment fund to create a $2 billion portfolio in the U.S. The company and its partner, Australian superannuation fund First State Super, each contributed $500 million in equity to the investment vehicle, the companies announced Wednesday. They plan to create a $2 billion portfolio that includes properties in New York City, Boston, Chicago, Los Angeles and San Francisco. The portfolio already includes Southbank, a $1.2 billion mixed-use […]

from The Real Deal New York https://ift.tt/2nX0byw