Portfolio Overview

At the end of June 2025, the portfolio comprised 24 assets spread across 10 different states in the United States of America with a total value (appraised value by Colliers as of June 30, 2025) of approximately USD 1.143 billion.
The portfolio is 100% residential and comprises 7’120 units.
The value of Varia US’ real estate portfolio appraised by Colliers International decreased to USD 1.143 billion as of June 30, 2025. On a like for like basis, this represents a slight increase of 1.1% compared to the end of 2024.

Property Details as of June 30th 2025

Units7’120across 24 properties
Market Units7’120100% of units are market rent units
Leasable Square Feet6’653’913934 average sq ft/unit
Leasable Square Meter618’16987 average sqm/unit
Total Market ValueUSD 1’143’000’000USD 154’515per unit
Average Monthly RentUSD 1’266 per unit
Occupancy Rate94.3 %
Loan to Value at Property Level63.1 %

Geographical Split of Varia’s Property Portfolio

At the end of June 2025, the value of Varia’s portfolio was USD 1.143 billion.
The Portfolio’s assets are located in 10 States namely: Arizona, Indiana, Kentucky, Missouri, Nebraska, New Mexico, North Carolina, South Carolina, Tennessee and Texas.