Real estate
Seeking to enhance existing multifamily assets to deliver sustainable returns
Our approach to real estate investing
L&G – Asset Management, America’s real estate equity business launched in 2023 to broaden US real estate capabilities for clients. With a focus around multifamily real estate, our experienced team seeks to deliver sustainable income and long-term value by acquiring and enhancing existing high-quality, well-located multifamily apartment communities in key US markets.
Our team targets assets with strong supply-demand fundamentals, stable cash flows and value-add potential through energy efficiency upgrades, modernization and amenity improvements, utilizing a robust research-backed process to select areas and
properties for investment. The top-down research-based approach focuses on markets with:
- Constrained supply parameters
- Strong economic and demographic growth prospects
- Low exposure/resilience to climate change
These efforts are supported by L&G’s strategic partnership with Taurus Investment Holdings.
Our partnership with Taurus
L&G bolsters private markets platform with equity stake in Taurus
Taurus’ operational experience is focused on driving energy efficiency through tailored decarbonization-strategies for new development and the built environment, which we believe is a key differentiator in the US market. Combined with our depth of expertise in these sectors, we are squarely aligned in driving the clean energy transition. As a result of this partnership, we aim to identify growth opportunities in the real estate market that are capable of being decarbonized to support a carbon free energy transition.1
Partnering with us
We believe the following set us apart from our competition:
We start by analyzing macro indicators to identify trends then narrow down to regional and sector-specific analyses. This comprehensive perspective is designed to ensure investments are aligned with broader economic movements, minimizing risks and identifying opportunities that might be overlooked by bottom-up strategies focused solely on property-specific characteristics.
Our entry into the US market comes with a focus on decarbonization and eco-retrofitting. By reducing cost through integrating energy efficient technologies, leveraging tax incentives and catering to the increasing demand for lower-cost living spaces, we seek to enhance returns versus comparable properties.
Drawing on the fundamental need for housing, residential real estate offers stability and growth potential. Our expertise enables tailored strategies across the affordability spectrum maximizing rents and occupancy rates.
Commercial properties can offer a higher return compared to other real estate sectors especially given today’s entry points. Our expertise allows for strategic leases, operational efficiencies and adaptability to market trends.
Our latest news
L&G Acquires Development Site and Plans to Begin Construction on 201-Unit Multifamily Community in Greater Boston
L&G – Asset Management, America has acquired a development site in Concord, Massachusetts for a planned two-building, 201-unit multifamily community. The project, L&G’s first US ground-up development, will support new housing supply in a supply-constrained Greater Boston submarket and include 25% affordable housing, sustainability features.
L&G acquires The Alder apartments in Denver Metro, marking fourth multifamily acquisition in 12 months
L&G, through its dedicated US Real Estate team, has acquired The Alder apartments, a newly constructed, 300-unit multifamily community in Parker, Colorado. This acquisition was made on behalf of L&G’s Institutional Retirement business, who will be the sole investor. The deal follows the purchase of Outlook Golden Ridge for the US business in November and further demonstrates L&G’s strategic focus on growing its US real estate portfolio and global Private Markets platform.
L&G acquires US multifamily complex in Golden, Colorado
L&G announces the acquisition of Outlook Golden Ridge, a premier multifamily complex located at 544 Golden Ridge Rd in Golden, Colorado. This marks the third property L&G has acquired over the last 12 months via its long-term partnership with Taurus Investment Holdings, LLC (“Taurus”), delivering on its ambitions to internationalize its Private Markets capabilities whilst addressing investor demand for US real estate equity exposure.
L&G adds to US private markets portfolio with further real estate investment in multifamily sector
As L&G continues to build out its international footprint, its Private Markets platform today announces that it has acquired Lynnfield Commons in Lynnfield, Massachusetts, through its dedicated US investment arm. The transaction, completed in partnership with Taurus Investment Holdings, LLC (‘Taurus’)[1], demonstrates L&G’s continued momentum in growing its US real estate capabilities and achieving scale globally for its Private Markets platform.
Read our latest market commentary
The case for US multifamily commercial real estate
Investors choosing to diversify their portfolios with US property have a wide array of property types on offer. However, there is one subsector that we believe is especially attractive in today’s investment environment: US multifamily. Multifamily investments have delivered essentially the same degree of portfolio diversification as US commercial real estate (CRE) as a whole in recent years, while also outperforming the broader US CRE market. Looking forward, we see this trend continuing.
Poised for a positive 2026 | Real Estate Pulse
The US commercial real estate (CRE) cycle upturn continued in the fourth quarter of 2025 as expected, according to NCREIF-Expanded Index metrics. Overall, currently available metrics show solid footing for CRE investment performance in 2026, but with weakening forward momentum.
1. L&G – Asset Management, America took a minority holding with future options in Taurus Investment Holdings, LLC in Oct. 2024.
2. Source: Legal & General Investment Management Ltd. AUM as of December 31, 2025 and based on managed AUM. AUM figures converted using the spot rate as of the relevant date. Real Estate AUM encompasses Global Private Markets data from L&G - Asset Management, America and Legal& General Investment Management Ltd.
This material is intended to provide only general educational information and market commentary. Views and opinions expressed herein may change based on market and other conditions. The material is for informational purposes only and is not intended as a solicitation to buy or sell any securities or other financial instrument or to provide any investment advice or service. Legal & General Investment Management America, Inc. does not guarantee the timeliness, sequence, accuracy or completeness of information included. Past performance should not be taken as an indication or guarantee of future performance and no representation, express or implied, is made regarding future performance.
Certain of the information contained herein represents or is based on forward-looking statements or information, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and information are inherently uncertain and actual events or results may differ from those projected. Therefore, undue reliance should not be placed on such forward-looking statements and information. There is no guarantee that L&G – Asset Management, America’s investment or risk management processes will be successful.
Unless otherwise stated, references herein to “LGIM”, “we” and “us” are meant to capture the global conglomerate that includes Legal & General Investment Management Ltd. (a U.K. FCA authorized adviser), Legal & General Investment Management America, Inc. (a U.S. SEC registered investment adviser) and Legal & General Investment Management Asia Limited (a Hong Kong SFC registered adviser). The LGIM Stewardship Team acts on behalf of all such locally authorized entities.