TPG Acquires Majority Interest in Multifamily Housing Developer Quarterra

Dow Jones01-06

By Nicholas G. Miller

Alternative asset manager TPG acquired a majority stake in Quarterra, a multifamily housing developer, and formed a strategic partnership with homebuilder Lennar, which retained its minority stake in Quarterra.

TPG made an additional $1 billion commitment to Quarterra and will raise additional capital to fund future growth and the development of Quarterra's multifamily pipeline. The capital will be used particularly for Quarterra's "Emblem Communities," which focuses on the development of high-quality rental housing options.

The partnership between TPG and Lennar will combine TPG's institutional capital and real estate expertise with Lennar's building and community-development expertise, Lennar Chief Executive Stuart Miller said.

"As demand for modern, attainable rental housing continues to grow, we are excited to partner with the Lennar and Quarterra teams to position this platform for success as an independent company with expanded resources to deliver housing supply to families and communities across the country," said Dan Frydman, business unit partner with TPG Real Estate.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

January 06, 2026 09:44 ET (14:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n\n\n \n\n\n  Alternative asset manager TPG acquired a majority stake in Quarterra, a multifamily housing developer, and formed a strategic partnership with homebuilder Lennar, which retained its minority stake in Quarterra. \n\n\n  TPG made an additional $1 billion commitment to Quarterra and will raise additional capital to fund future growth and the development of Quarterra's multifamily pipeline. 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