Greystar Acquires UK Student Housing Portfolio

CHARLESTON, SC, and LONDON-Greystar Real Estate Partners in partnership with Goldman Sachs, has acquired a portfolio of student housing assets in the United Kingdom. The portfolio comprises 21 assets principally located in London, Manchester, Leeds and Liverpool and represents the first acquisition undertaken by Greystar in the UK. The transaction closed on October 23.

“We are responding to continued strong demand from renters for professionally managed, institutional quality residential communities and that is our strength,” said Bob Faith, founder and CEO of Greystar. “Overall residential investment remains a very attractive near and long term growth market not just in the US, but also in other select markets globally, like the UK.  Our operational strategies and expertise have positioned us for significant and sustained growth for many years ahead.”