TPG Real Estate acquired an unknown majority stake in Quarterra Services LLC from Lennar Corporation (NYSE:LEN) on January 6, 2026. Lennar has retained a minority stake in Quarterra. Jones Lang LaSalle Securities, LLC acted as financial advisor for Quarterra Services LLC and Lennar Corporation.
TPG Real Estate completed the acquisition of an unknown majority stake in Quarterra Services LLC from Lennar Corporation (NYSE:LEN) on January 6, 2026.
Lennar Corporation specializes in building and marketing homes. Net sales break down by activity as follows:
- construction and sale of single-family homes (95.6%): single-family homes, townhouses, etc.;
- financial services (3.1%): mortgage financing services, insurance services, etc.;
- development and management of community residences (1.2%);
- other (0.1%).
All net sales are generated in the United States.
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