L&G, a large British asset management company, through its dedicated U.S. Real Estate team, has acquired The Alder apartments, a newly constructed, 300-unit multifamily community in Parker, from Century Living. According to a special warranty deed filed in Douglas County, L&G paid $97.2 million for the property. This acquisition was made on behalf of L&G’s Institutional Retirement business, which will be the sole investor. The deal follows the purchase of Outlook Golden Ridge for the U.S. business in November and further demonstrates L&G’s strategic focus on growing its U.S. real estate portfolio and global Private Markets platform.
L&G is accelerating the expansion of its global Private Markets platform in the U.S. By leveraging deep sector expertise and a disciplined investment approach, L&G is building a diversified portfolio of high-quality, sustainable assets across key U.S. markets. This growth reflects the firm’s ambition to become a leading player in US private markets and the opportunity to deliver long-term value for clients and stakeholders while supporting vibrant communities and economic development.
As a long-term strategic partner, Taurus Investment Holdings, LLC will oversee the execution of The Alder’s business plan, focusing on guiding the asset to full stabilization and supporting the asset’s long-term value. Taurus will also work alongside its strategic energy affiliate, EcoSmart Solution, to implement energy solutions, including the installation of solar PVs intended to maximize operational efficiency.
“We are delighted to add The Alder to our US portfolio, building on the momentum from our other acquisitions this year,” said Alexia Gottschalch, head of U.S. Real Estate Equity, Asset Management – America, L&G. “This investment exemplifies our commitment to identifying high-quality, resilient assets that deliver value for our clients and support thecontinued growth of our global Private Markets platform in the U.S.”
