Summary:
- Subtext has acquired District Flats, a 259-bed student housing community near the University of Missouri, its first acquisition deal, marking an expansion beyond its $2.5B development track record.
- The property, previously owned by Global Student Accommodation (GSA) as part of a large U.S. portfolio, is 89% occupied and is now undergoing a brand repositioning and capital improvements, including upgraded amenities and study spaces.
- The acquisition aligns with Subtext’s broader growth strategy in top-tier university markets, adding to a pipeline of major developments in Texas, Arkansas, and Missouri as the company accelerates both acquisitions and new projects.
Original article:
https://www.multihousingnews.com/subtext-makes-first-student-housing-acquisition/
