Student Housing

The firm has sold a 51-building community near Syracuse University to an affiliate of Champion Real Estate Co.

It joins with the Abu Dhabi Investment Authority to seek value-add opportunities in targeted US markets.

A new study by Avison Young says it depends on investment strategy, sector, and goals.

The portfolio totals 2,248 beds and grows the partnership's student housing portfolio to total more than 9,700 beds.

The lease facilitates the acquisition of a 384-unit student housing property near Arizona State University.

The firm acquired the 96-bed Victory on Ellendale for $12.5 million in 2018, and sold it for $20.5 million this year.

Some colleges are doing fine, but others are feeling a pinch, as student housing in those areas.

The fund already has $590 million in equity commitments, producing $1.5 billion in buying power.