CPPIB grows equity investments in U.S. multifamily portfolio to $1.3 bln
Canada Pension Plan Investment Board (CPPIB) has further expanded its U.S.-based multifamily portfolio with more than US$330 million in equity investments in the past year. Recent activity has focused on six Class-A multifamily developments in California, Georgia and Massachusetts with a gross asset value of approximately US$740 million. CPPIB's multifamily portfolio now comprises direct joint venture interests in more than 8,400 units in eight U.S. markets. Since 2011, CPPIB's equity commitments in the sector have totaled US$1.3 billion, representing a gross asset value of US$4.5 billion at full ownership share.
11 August 2014•3 mins read
