June 30th, 2025 – 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.

Capitalizing on the longer-term structural trends benefiting the US multifamily sector, L&G is acquiring and enhancing existing multifamily assets with the aim of delivering sustainable income and long-term value for its clients. Building on its strategic purchase of Arkadia, a 350-unit premier apartment building located in the West Loop neighborhood of Chicago, L&G is growing its US multifamily offering with the acquisition of Lynnfield Commons, a 200-unit garden-style apartment community.

Built in 2009, Lynnfield Commons is situated in the affluent North Shore submarket of Boston and offers spacious one- and two-bedroom units with modern amenities, including a clubhouse, fitness center, pool and walking trails. The property benefits from proximity to top-rated public schools, the offices of major employers such as Raytheon and Oracle, and regional transportation corridors including Routes 1 and 128. With 25% of units designated as affordable housing, the community also supports long-term housing stability in the region.

Lynnfield Commons represents L&G’s further collaboration with Taurus, who will oversee the execution of the asset management business plan. Taurus will also work alongside John M. Corcoran & Company as property manager as well as EcoSmart Solution, Taurus’ strategic energy affiliate, to evaluate and apply its tailored retrofit program. This program, which includes HVAC and water heater upgrades, rooftop solar, and low-flow water fixtures, aims to optimize the property’s overall performance, enhancing both its sustainability and resident experience.

Bill Hughes, Head of Private Markets, Asset Management, L&G:
“Building out our Private Markets platform across the US, Europe, and APAC, is key to achieving our target private markets AUM of £85 billion ($115 billion) by 2028. Multifamily continues to be one of the strongest performing real estate sectors in the US, and by leveraging our strategic partnership with Taurus, we are meeting significant investor demand for exposure to this market, both for our own balance sheet and third-party clients.” 

Alexia Gottschalch, Head of US Real Estate Equity, Asset Management – America, L&G:
“We are excited to add another excellent multifamily asset to our portfolio with the acquisition of Lynnfield Commons. This investment reflects our commitment to identifying high-quality, well-located assets with strong fundamentals and long-term growth potential. With Taurus as our partner, we are confident in our ability to deliver sustainable income and value for our clients.”

Peter A. Merrigan, CEO, Taurus Investment Holdings, LLC:
“We are proud to continue our partnership with L&G through the management of Lynnfield Commons. This property exemplifies the type of high-quality, well-positioned multifamily asset where we can apply our expertise in value-add strategies, including decarbonization solutions to create long-term value for residents and investors alike.”