Diversified US StudentHousing Portfolio

A Portfolio of Student Housing Assets Located in Flagship Universities

We acquired a c. $115 million student housing portfolio affiliated to top rated universities located in the United States. The acquisition is in partnership with Student Quarters, an Atlanta based specialist asset manager, who is the sixth largest purchaser of student housing assets in the US and has completed transactions in the space with a total value in excess of US$ 1.4 billion.

The assets acquired include student housing buildings and facilities from the University of Arkansas and Florida State University. The assets are within walking distance to their respective affiliated universities and are fully amenitized having been designed specifically to cater to the needs of the modern student. They offer resort-style pools and sun decks, grilling stations, courtyards, coffee shops, study rooms and fitness centers. Unit layouts are generally one to four single bedrooms with private bathrooms.

The assets fall in line with our investment strategy for student housing assets, which is based on building a diversified portfolio that targets universities within the top 150 universities in the US and that are considered flagship universities in their respective states with strong sporting and academic facilities. These universities have steady growth in enrolments over long periods of time and have large student populations in excess of 20,000.

Investment Features

Tier 1 Public Universities

Assets in flagship state universities considered among the “Power 5”, benefiting from solid brand recognition and revenue generation through sports, academic and research capabilities

Strong Partners

Partnered with Student Quarters, a leading US-based specialist student housing asset manager with a demonstrated track record of value generation and execution

Core/Core Plus Focus

Ability to increase value of assets with minimal capex investment

Prime Location

High proximity to campus due to their on-campus and short walking distance locations

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c. US$115

Deal Value ($mn)