Greystar Reaches 4,000 Australian PBSA Beds with Goal of 10,000

Summary:

  • Greystar has integrated 4,084 purpose-built student accommodation beds into its Accolade platform following the $1.6 billion acquisition of GIC’s Australian portfolio, aiming to expand to 5,662 beds across seven sites by 2026, including Brisbane, Sydney, Melbourne, Adelaide, and Canberra.
  • The company targets doubling its Australian PBSA capacity to 10,000 beds within two years through acquisitions, developments, and third-party management, representing about 10% of Greystar’s global 100,000-bed portfolio.
  • The Australian government’s plan to increase international student intake by 25,000 in 2026 supports Greystar’s growth strategy, as public universities may raise enrolment caps by demonstrating PBSA provision amid a market where only 6% of students currently live in purpose-built accommodation.

Original article:

https://www.theurbandeveloper.com/articles/greystar-australia-student-accommodation-expansion

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