KKR, a global investment firm, acquired a substantial multifamily real estate portfolio from Quarterra Multifamily, a subsidiary of Lennar Corporation, for approximately $2.1 billion.

This portfolio comprises 18 newly constructed, Class A properties totaling over 5,200 units. The assets are located across several U.S. states, including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey.

The properties feature a mix of mid-rise and high-rise buildings with modern amenities and are noted for their energy efficiency.