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New Deal


Announced

GFH Financial Group and Student Quarters to invest $100m in US student housing portfolio.

Financials

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Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Friendly

United States

Real Estate Holding and Development

Pending

Acquisition

Majority

Domestic

real estate services

student housing

Single Bidder

Synopsis

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Private equity firms GFH Financial Group and Student Quarters, agreed to invest $100m in US student housing portfolio. GFH’s investment strategy in student housing assets is based on building a diversified portfolio that targets universities within the top 150 universities in the US and that are considered flagship universities in their respective states with strong sporting and academic facilities. These universities have steady growth in enrolments over long periods of time and have large student populations in excess of 20k. "Student Quarters and GFH Financial Group are really excited to be purchasing these high-quality well-located assets in exceptional Power Five markets. These will be the first acquisitions for the new partnership, which will bring compelling investment opportunities and demonstrated results to GFH," Stephanie J. Lynch, Student Quarters CIO.

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