Ascott Residence Trust has agreed to acquire four more US student accommodation assets for $213 million, bringing the Singapore-listed REIT’s portfolio of North American university housing to eight properties as it continues to expand beyond its roots in serviced apartments… Read More>>
Ascott REIT Buying Carlyle-Backed Illinois Student Housing Project for $83M
Ascott Residence Trust has agreed to acquire an apartment building near the main campus of the University of Illinois, marking the Singapore-listed REIT’s fourth investment in the US student accommodation market this year.
ART will pay $83.25 million for the… Read More>>
CapitaLand’s Ascott Group Adds to Rental Empire With Texas, Australia Deals
Singapore-based CapitaLand’s rental housing division made a pair of overseas bets this week, with the managers of SGX-listed Ascott Residence Trust announcing the purchase of a Texas student accommodation asset and Ascott Ltd taking full ownership of Quest, Australia’s biggest… Read More>>
Mapletree Buys Four UK Student Housing Assets From Vita Group for $227M
With universities in reopening mode as the COVID-19 crisis recedes in Britain, Singapore’s Mapletree Investments has taken the opportunity to acquire four purpose-built student housing assets in England for a total consideration exceeding £165 million ($227 million).
The 917-bed portfolio… Read More>>
GIC JV Acquires Two London Student Housing Projects for $472M
Singapore’s GIC has made its third major real estate investment this month, as the sovereign wealth fund doubles down on a four-year-old bet on student housing in the UK.
Unite Students, Britain’s largest provider of purpose-built student accommodation, said Friday… Read More>>
SC Capital, Nuveen, Scape to Lead Rental Residential Panel on Tuesday
Asia Pacific’s rental residential sector is rapidly growing up with acquisitions of multi-family assets in Japan alone reaching $8.5 billion last year, according to Real Capital Analytics. However, that increase in demand is also raising asset prices and squeezing yields… Read More>>
Student Housing Fund Backed by Singapore’s Metro Buys UK Asset for $41M
Singaporean property group Metro Holdings has added a second asset to its student housing fund with the purchase of a 181-bed accommodation near the University of Bristol in southwest England.
The fund, Paideia Capital UK Trust, bought the six-storey Dean… Read More>>
Korean-backed Ocean West Adds Texas Student Housing to US Portfolio
Ocean West Capital Partners has returned to campus with the acquisition of an 18-storey student housing tower at a flagship Texas university.
The California-based fund manager led an investment group comprising South Korean firms KIS and Tiger Alternative Investors, as… Read More>>
Scape Seals A$2B Aussie Student Digs Deal and More Asia Real Estate Headlines
An Australian mega-deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the Australian arm of a London-based student accommodation provider buys a portfolio of university digs down under.
In other news around the region, an… Read More>>
Greystar Sells America’s Priciest Student Housing Block to Korean Consortium
Greystar Real Estate Partners has sold a university residential complex at the University of California at Davis to an investor consortium powered by Korea Investment & Securities in the largest ever trade of a single US student housing asset.
California-based… Read More>>