QuadReal Property Group has acquired a 100% direct interest in two manufactured rental-housing communities in Colorado for US$240 million.

Vancouver-based QuadReal did not specify the exact locations of the MHCs, noting that they are situated in “two key Colorado submarkets.” The deal adds to QuadReal’s growing U.S. manufactured-housing portfolio, which now exceeds 3,500 pads.

The acquisition follows the company’s US$330-million purchase of an eight-asset manufactured-housing portfolio in November 2024.

“As a leading provider of housing globally, QuadReal is committed to expanding its portfolio of quality housing options across a variety of residential types,” said Daniel Gliksman, managing director at QuadReal. “This latest acquisition enhances our growing U.S. manufactured- housing portfolio and reflects our strong residential conviction, globally.”

The Colorado properties are well-managed, stabilized communities featuring large community centres, pools, and other outdoor recreation amenities, said QuadReal. The company’s global residential portfolio consists of over 124,000 units, including more than 32,700 in the U.S.

QuadReal plans to deliver an additional 24,000 units worldwide over the next five years.

QuadReal is the real estate investment and development arm of the B.C. Investment Management Corporation, with assets under management totalling $89 billion. The firm invests in equity and debt across public and private markets through direct ownership, programmatic partnerships, and operating platforms in which it holds an ownership interest.

Photo: Courtesy of QuadReal