Who owns Upward America Venture LP

Upward America Venture LP - Profile

Upward America Venture is an American single family rental platform announced in March 2021 by the homebuilder Lennar with the private investment firm Centerbridge Partners as lead investor, alongside Allianz Real Estate and other institutional investors. It was capitalised with 1.25 billion dollars of equity and, with borrowing, was set up to buy more than 4 billion dollars of newly built houses and townhomes, mostly from Lennar itself, in fast growing markets across the Sun Belt and the South. The venture rents those homes to households at around the median income in each market and offers a rent to own path on part of the portfolio for tenants who cannot raise a deposit. Lennar supplies the houses through its Quarterra arm, the financial partners supply the capital, and from April 2024 the roughly 4,400 home portfolio has been managed by Invitation Homes.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Lennar Corporation (LEN), as of 31 May 2026. Upward America Venture LP is a single-family build-to-rent investment fund. Carrying value of Lennar's investment was $12.8 million as of 31 May 2026 (10-Q), down from $13.8 million at 30 Nov 2025 (both filed figures). Upward America can raise total equity commitments of up to $1.0 billion, of which Lennar committed $78.1 million (10-K). Modelled ownership: $78.1m / $1.0bn = 7.81%. This is a commitment-based proxy for ownership share, not a stated ownership percentage, and is explicitly modelled per the brief's rule 5. sourcesource 2