CA Ventures’ PBSA portfolio fully leased in first year
CA Ventures announced its initial portfolio of purpose-built student accommodation (PBSA) assets in the United Kingdom has been fully leased for the 2021/2022 school year.
CA Ventures, together with joint-venture partner PGIM Real Estate, first announced the nearly 900-bed portfolio in September 2019 as the U.S. student-housing pioneer’s first foray into the PBSA sector. Despite the countless pandemic-related challenges posed over the past 18 months, all three of CA Ventures’ new communities have achieved 100 percent leasing in year one. All leasing and marketing efforts were managed by CA Ventures’ in-house PBSA operating platform, Novel Student.
“To reach 100 percent leased across a portfolio comprising three different assets in three different markets in its first year despite the significant challenges posed by COVID-19 is nothing short of remarkable, and a testament to the enduring strength of our nimble platform and investment strategy, the quality of ou