Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has announced the acquisition of a portfolio of three purpose-built student housing assets with approximately 2,300 beds in partnership with Cardinal Group.
The portfolio’s assets are located on average 0.1 miles from campus at four-year public universities across the Sun Belt with an average enrollment of approximately 40,000 students. The class A properties feature a wide range of best-in-class amenities and were built on average in 2020.
Stonepeak’s real estate team invests thematically in real estate assets that demonstrate infrastructure characteristics. The team invests in high conviction sectors including supply chain, residential, healthcare and technology real estate. With the benefit of the strength and insights of the broader Stonepeak platform, the team targets opportunities supported by strong macro tailwinds that have durable cash flow profiles, embedded demand d
