SWI Group announces new strategic partnership with Brookfield for U.S. multi family portfolio

14 August 2026 – Varia US Properties AG (“Varia US” or the “Company”), the Swiss-listed investor
in the U.S. multifamily sector, externally managed by Stoneweg, an SWI Group Company, has
signed a definitive agreement with affiliates of Brookfield Asset Management (“Brookfield”) in
relation to 13 of Varia’s 17-property U.S. multifamily portfolio, through a newly formed USD 693.9
million two-vehicle joint venture.
The joint venture provides access to up to USD 200 million equity capital to fund future
acquisitions, enabling Varia US to expand its portfolio and reposition the Company towards a
higher-quality portfolio. Varia US will actively invest in the JV assets to maximise value ahead of
planned disposals, with proceeds recycled into higher-quality acquisitions, enhancing liquidity
and financial flexibility while reducing capital requirements associated with older, more capitalintensive assets.
The 13 properties, comprising 4,112 units located across nine U.S. states, have been divided into
two newly formed vehicles, with an aggregate gross asset value of approximately $694 million,
and four properties will remain wholly owned and consolidated by Varia US.
Max-Herve George, co-founder and CEO of SWI Group, commented: “Partnering with an
institution of Brookfield’s calibre is a strong reflection of the quality of Varia US’s portfolio and of
our platform. This joint venture gives us the firepower and the flexibility to concentrate on highquality residential communities, while positioning Varia US to grow decisively as the U.S. living
sector continues to reward scale and discipline.”