Private equity firms and asset managers are plowing billions into the student and college housing industry as they look to further capitalize on rising real estate values and an unprecedented global student housing shortage.
Led by Blackstone’s April agreement to take American Campus Communities private for $12.8bn—the largest deal in the sector on record—private equity firms have committed $20.3bn to student housing in 2022 alone, according to PitchBook data. That total exceeds the previous five years combined.
Another major player is Singaporean sovereign wealth fund GIC, which has announced around $6 billion in student housing deals in the UK so far this year, according to PitchBook data. In May, GIC and Greystar Real Estate Partners won a £3.3 billion (about $3.9 billion) bid for Student Roost, a portfolio including over 23,000 student housing beds, according to reports.
Read more: Yahoo Finance
