LONDON—Greystar has completed the purchase of a portfolio of UK student housing assets, reportedly for more than $293 million (£174 million.)

The portfolio is comprised of Woodland Court, Wedgwood Court and Great Suffolk Street, three assets in Central London consisting of 1,129 beds in total. Greystar's acquisition follows a previous acquisition of 21 properties and over 6,900 beds throughout London and the UK that Greystar acquired from the administration of Opal in October, 2013.

“This transaction aligns perfectly with Greystar's strategy to acquire well-located, high-quality assets that will benefit from our organization's track record of repositioning and improving assets in order to provide a superior living experience for our residents,” said Bob Faith, founder and CEO of Greystar. “We are committed to building a world-class platform in the U.K. for the management, development and investment of both the student accommodation and private rented sector assets.”