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Varia reshapes $694 million apartment portfolio with Brookfield deal

Owner plans additional property sales while Dutch parent company doubles down on digital infrastructure
Varia US Properties counts the Residences at Echelon in Lee's Summit, Missouri, among its 17 properties. (CoStar)
Varia US Properties counts the Residences at Echelon in Lee's Summit, Missouri, among its 17 properties. (CoStar)
CoStar News
August 13, 2026 | 8:18 P.M.

Varia US Properties is accelerating its pullback from parts of its U.S. apartment portfolio, forming a joint venture with Brookfield Asset Management and planning additional property sales as parent company SWI Group shifts more of its capital toward data centers and artificial intelligence infrastructure.

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