Summary:
- Philadelphia student-housing powerhouse Campus Apartments is trying to raise as much as $400 million in fresh capital, marketing a new private-equity vehicle aimed at funding development and acquisition projects around the country, CEO David Adelman said.
- The proposed fund would bundle pieces of Campus Apartments’ existing development pipeline into an institutional vehicle, giving the company extra firepower to chase both ground-up projects and value-add opportunities at a time when investors are warming back up to rental-focused “living” assets.
- Campus Apartments bills itself as one of the largest student-housing companies in the United States, with more than $2.0 billion in assets under management and operations in markets across more than a dozen states, according to Campus Apartments.
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