Summary:
- Centurion Accommodation REIT (CAREIT) has completed the acquisition of EPIISOD Macquarie Park, a newly developed 732-bed purpose-built student accommodation (PBSA) asset in Sydney, Australia.
- The deal represents CAREIT’s first PBSA asset investment in Sydney and follows its initial public offering in September 2025. It also marks the Reit’s entry into a second Australian city after Adelaide, where it owns another PBSA asset.
- The property will operate under EPIISOD, a new premium student accommodation brand by Centurion Corp, CAREIT’s sponsor. CAREIT has entered into a master lease agreement with Centurion Properties and Centurion Corp for the property, with the lease ending on Dec 31, 2027.
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