Lennar’s multifamily business, Quarterra, is shopping a nearly 4,000-unit portfolio with units across eight states. 
Quarterra has hired JLL to market 3,746 units across 10 buildings. It is looking for someone to take some or all of the properties but is open to individual property sales, CoStar Group reported.  
It’s the second large portfolio sell-off in two years and a sign that Quarterra and new majority owner TPG Real Estate are working to rejigger the business’ overall portfolio. Quarterra posted losses of $75M in 2025. 
TPG announced in January that it intended to take a majority stake in Quarterra, backed by a $1B capital commitment, giving the private equity…