Lendlease to Sell Off U.S. Military Housing Portfolio

July 2, 2024
On Base

Lendlease will get out of the U.S. military housing business in early 2025, according to an  announcement to investors. The Australia-based company is selling that part of its portfolio to Omaha Beach Investment Holdings, LLC, which is part of Guggenheim Partners Investment Management, LLC.

Omaha Beach Investment Holdings will pay US$320 in the deal, which includes the transfer of about 150 employees.

Lendlease currently owns around 40,000 military units across 24 U.S. states, most of which it designed and built, according to Sky News Australia.

Army photo by Samantha Harms

July 2, 2024
On Base

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