Atlas Residential Management LLC will invest US$1 billion to form a global portfolio of multifamily assets, according to Private Equity Wire.
The assets will comprise thousands of existing Atlas units and newly acquired value-add and development properties in the U.S., the U.K. and mainland China. U.S. properties will make up 65% of the portfolio, while U.K. and China assets will account for the remainder of it, according to the report.
Atlas will make the investment through its affiliate Atlas Residential Holdings (Hong Kong) Ltd.
