#USA #Amsterdam #Brookfield #SWI Group #Varia US

Strategic Partnership Between SWI Group and Brookfield

In a significant move within the real estate sector, SWI Group has announced a definitive partnership with Brookfield Asset Management aimed at enhancing its multifamily portfolio in the United States. The agreement involves 13 out of 17 properties that constitute Varia US Properties AG's portfolio, totaling approximately $693.9 million.

Details of the Partnership

The newly formed joint venture will tap into equity capital of up to $200 million, crucial for future acquisitions and portfolio expansion. This alignment is poised to allow Varia US to pivot towards higher-quality assets, increasing both value and financial flexibility.

Steven Brink, COO of Varia US, highlighted the firm’s intention to actively manage these assets, optimizing their value for planned future dispositions. The proceeds from these sales will then be reinvested into new, higher-quality acquisitions throughout the U.S. multifamily market.

Enhanced Focus on Quality and Scale

The 13 properties in question comprise 4,112 units spread across nine states within the U.S. Interestingly, four of these properties will remain wholly owned by Varia US, with a total gross asset value of around $694 million. This move reflects SWI Group's commitment to focusing on high-end residential complexes, aiming to make decisive strides within the evolving U.S. residential real estate landscape.

Max-Herve George, co-founder and CEO of SWI Group, remarked, "This partnership with an institution like Brookfield clearly illustrates the quality of Varia US's portfolio and our platform. This joint venture provides us the means and flexibility we need to concentrate on high-end residential complexes while allowing Varia US to grow decisively as the U.S. residential real estate sector continues to emphasize scale and rigor."

About SWI Group

SWI Capital Holding Ltd, listed on Euronext Amsterdam under the ticker SWICH, operates as an international investment group focused on various sectors, including data centers, real estate, credit, and finance. The group is guided by in-depth research, firsthand knowledge, and the capability to effectively implement strategies aimed at maximizing return potential across global markets.

Currently, SWI Group manages assets worth about €11 billion and employs more than 280 people across 26 offices worldwide, championing local operational teams to identify and seize emerging opportunities in real estate and investment management.

About Varia US Properties AG

Founded in 2015 and based in Switzerland, Varia US Properties AG solely invests in the multifamily market in the U.S., prioritizing secondary and tertiary markets noted for their robust demographic and employment growth. The company’s asset manager is Stoneweg SA, an international property manager based in Geneva. Varia US Properties AG is publicly traded on the SIX Swiss Exchange under the symbol VARN.

Conclusion

As the partnership unfolds, both SWI Group and Brookfield are set to redefine standards in the U.S. multifamily real estate sector. With a focus on quality investment strategies and scalability, the new joint venture promises a robust infrastructure for future growth, signaling their commitment to maximizing value in a competitive market.