TPG Buys Majority Stake in Quarterra From Homebuilder Lennar, Commits Additional $1 Billion

TPG and Lennar Announce Strategic Partnership to Recapitalize Quarterra

SAN FRANCISCO & MIAMI--(BUSINESS WIRE)--Jan 6, 2026-

TPG buys majority stake in Quarterra from homebuilder Lennar, commits additional $1 billion

Lennar sells majority control of multifamily division to TPG after years of losses

TPG committed to a $1 billion investment, and Lennar will keep a minority stake in the struggling multifamily division. Quarterra.

TPG Takes Majority Stake in Lennar’s Multifamily Development Arm

Lennar Corporation and TPG Real Estate said Tuesday that TPG has acquired a majority interest in Quarterra, the multifamily development arm of Lennar. Terms were not disclosed. Lennar has retained a minority stake in the platform. TPG has made an additional $1-billion strategic commitment in connection with the acquisition and expects to raise additional capital to fund future growth and the development of Quarterra’s multifamily pipeline, with …

TPG Commits $1B In Deal To Take Over Majority Of Lennar’s Multifamily Business

Lennar will keep a minority stake in Quarterra, its multifamily platform that has developed more than 43,000 apartments in the last 15 years.