USAA Real Estate (USSARE) and U.K. build-to-rent (BTR) investor Packaged Living have entered into a new joint venture to develop a portfolio of multifamily BTR assets in the United Kingdom.
The joint venture will pursue the acquisition, planning, construction and operation of multifamily BTR assets in the United Kingdom. It has closed on its first land acquisition in Liverpool.
Packaged Living will be responsible for acquisitions and delivery of the joint venture’s portfolio.
Source: https://irei.com/news/usaa-real-estate-packaged-living-form-u-k-btr-jv/, on 9 November 2022