Global Student Accommodation And Morgan Stanley Acquire 6200-Bed Student Housing Portfolio For $1B

A student housing portfolio consisting of eight properties with a total of 6,200 beds has been sold. The properties are located across Oregon, Pennsylvania, Virginia, Florida, Texas, Georgia, and North Carolina. The sale price for this nearly fully occupied student housing portfolio was $1,000,000,000.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $1,000,000,000
• Buyer: Nicholas Porter - Global Student Accommodation
• Buyer: Lauren Hochfelder - Morgan Stanley Real Estate Investing
• Seller: Wes Rogers - Landmark Properties
• Seller: Mohamed Al Qubaisi - Abu Dhabi Investment Authority
• Market: Oregon, Pennsylvania, Virginia, Florida & Texas, Georgia & North Carolina
• Asset Type: Student Housing
• Beds: 6,200

The transaction involved Global Student Accommodation and a fund from Morgan Stanley Real Estate Investing acquiring the assets from a joint venture between the Abu Dhabi Investment Authority and Landmark Properties. This acquisition expands their U.S. presence to 50 properties in 36 cities, totaling nearly 24,000 beds, while entering new markets including Virginia, Georgia, and Pennsylvania.