CapitaLand Ascott Trust fully acquires student accommodation property Standard at Columbia to boost income resilience

CapitaLand Ascott Trust (CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, USA. The earnings before interest, taxes, depreciation and amortisation (EBITDA) yield on total development cost is expected to be approximately 7%.

https://www.capitaland.com/en/about-capitaland/newsroom/news-releases/international/2024/june/CLAS_fully_acquires_Standard_at_Columbia_to_boost_income