Varia US Properties to Transfer 13 US Multifamily Properties to Two JV Vehicles with Brookfield Affiliates

01:58 AM EDT, 08/13/2026 (MT Newswires) -- Varia US Properties (VARN.SW) said Thursday it agreed to transfer 13 of its multifamily properties in the US to two joint venture vehicles established with Brookfield Asset Management affiliates. The properties at the center of the transaction are part of a 17-property portfolio and comprise 4,112 units. The gross asset valuation of the properties under the deal is $693.9 million. The Swiss real estate investment company expects to net $48.6 million from the deal and gain access to up to $200 million of acquisition capital. It earmarked the funds for future investments. Completion of the transaction is expected early in the fourth quarter of 2026, subject to customary closing conditions. Within 12 months of closing, Varia US expects to earn another $101.9 million from the unencumbered and all-cash sale of two more properties.