Manulife Buys 49% Interest In Multifamily Asset Manager QMLP

Manulife Asset Management Private Markets has acquired a 49% interest in Q Management LP, the asset and property management arm of Conundrum Capital Corp. Conundrum oversees $875M in invested and committed equity, representing a $1.3B multifamily portfolio of 38 properties and 7,100-plus units in Ontario (including 2240 Weston Rd, above). MAMPM CEO Kevin Adolphe says the QMLP portfolio will give his group the opportunity to broaden its global private asset management platform by diversifying and expanding its equity real estate capabilities and product offering.

Continue reading this story with a free account

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

Bugatti Lends Brand To 60-Story Miami Condo Tower

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Dublin BTR Had A €1B Summer

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44