Lone Star Funds to acquire a portfolio of nine properties from Unite Students for £212m.

Lone Star Funds, a private equity firm, agreed to acquire a portfolio of nine properties from Unite Students, an owner, manager and developer of student accommodation, for £212m. "These disposals increase the alignment of our portfolio to the strongest university cities and continues our disciplined approach to recycling capital. Purpose-built student accommodation continues to attract institutional capital as the growing UK 18-year-old population and improving trends in international recruitment underpin demand for high-quality student accommodation," Joe Lister, Unite Students CEO.