TPG and Lennar Announce Strategic Partnership to Recapitalize Quarterra

SAN FRANCISCO & MIAMI--(BUSINESS WIRE)--Lennar Corporation (NYSE: LEN and LEN.B) ("Lennar"), one of the nation’s leading homebuilders, and TPG Real Estate (“TPG”) announced today that TPG has acquired a majority interest in Quarterra, an established developer of high-quality multifamily communities that combines institutional scale with local market expertise to deliver thoughtfully designed rental offerings in high-growth markets. Lennar has retained a minority stake in the platform and contin