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$1 billion sale of Serenitas will be a record for the land lease sector

Serenitas, the land lease joint venture between private equity firm Tasman Capital Partners and Singaporean sovereign wealth fund GIC, is close to finalising a sale of its portfolio for around $1 billion. Serenitas has 28 land lease communities, including four greenfield communities that it will launch in the next six months. There are still homes being built and sold in 10 of the existing commun...

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