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GIC and Greystar acquire Student Roost from Brookfield

GIC, a global institutional investor, and Greystar Real Estate Partners, (Greystar), a specialist in the investment, development, and management of rental housing, have formed a joint venture is to acquire Student Roost, the UK’s third largest purpose-built student accommodation (PBSA) provider from one of Brookfield’s real estate private funds.

The transaction is expected to close in the third quarter of 2022 and is subject to customary closing conditions.
 
Student Roost’s high-quality portfolio comprises over 23,000 beds with a secured development pipeline of approximately 3,000 further beds covering key UK university cities, many of which are home to prestigious Russell Group institutions. Student Roost is well-positioned to benefit from strong demand growth in the leading UK higher education accommodation market.

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