Announced
Financials
Sources
Tags
United States
Domestic
Acquisition
Majority
Private
Pending
Real Estate Holding and Development
student housing
Private Equity
Real Estate
Friendly
Single Bidder
Synopsis
KKR, a global investment firm, agreed to acquire 19 purpose-built student housing properties from BREIT, a real estate investment trust company, for $1.64bn. “Student housing is a sector that we have long-term conviction in. We are pleased to be working with Blackstone to complete this transaction which will add a diverse mix of high-quality properties to our portfolio. The operating capabilities we have built with University Partners over the past decade and our ability to transact at scale, position us to create value for our investors and to continue investing in great living experiences across these communities. We are deploying into what we view as a compelling market environment to purchase quality real estate,” Justin Pattner, KKR Partner and Head of Real Estate Equity in the Americas.
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