Waterton JV to Buy $800M in US Apartments

In a JV, Chicago apartment landlord Waterton Associates (CEO David Schwartz is pictured), Clal Insurance Enterprise Holdings, and Europe's largest insurer, Allianz SE, will buy up to $800M in US apartments in Chicago, New York, Boston, Northern California, Seattle and DC. The venture serves two purposes for Allianz. It not only increases Allianz's presence in the US multifamily market, but it also broadens its network of strategic partners, Crain's Chicago Business reports. Allianz is one of many investors looking at the US economy in today's favorable environment. It is also working with Manulife Financial Corp. on a $1B venture. [CCB]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown