Packaged Living, the specialist UK Build to Rent (BtR) investor, developer and operator has announced today that it has entered into a new joint venture with USAA Real Estate, the global asset manager with experience in rental housing development and asset management, to develop a portfolio of multifamily BtR assets across the UK.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
