Summary:
- Morgan Stanley Investment Management and Global Student Accommodation completed a $1 billion off-market acquisition of eight student housing assets totaling 6,200 beds near top-tier U.S. universities, marking one of the largest single transactions in the sector this year.
- The portfolio spans seven states, including new markets Virginia, Georgia, and Pennsylvania, and expands the partnership’s U.S. footprint to 50 properties across 23 states with nearly 24,000 beds, strengthening their position in the largest global student housing market.
- Yugo has been appointed as manager to oversee the assets, bringing operational scale and expertise aimed at enhancing student experiences and driving value across the expanded portfolio.
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