QuadReal Property completed the acquisition of a 50% stake in CA Student Living from CA Ventures for $1.6bn.

QuadReal Property, a global real estate investment, operating and development company, completed the acquisition of a 50% stake in CA Student Living, a student living platform, from CA Ventures, a vertically integrated real estate investment management company, for $1.6bn. "Student housing is an area of investment conviction for us based upon our research and our experience in the U.S. working with a dedicated team like CA. Even as this year is delivering unexpected dynamics to the landscape of higher education, students studying in the U.S. need safe and comfortable homes away from home, close to campus and their social and academic networks. CA has long understood the needs and expectations of students and their families. What CA offers is as relevant today as ever. We are pleased to be working together even more closely now with our investment in the operating company," Jonathan Dubois-Phillips, QuadReal President of International Real Estate.