Global Student Accommodation acquires second U.S. student housing portfolio
Global Student Accommodation (GSA) has purchased its second U.S. student housing portfolio of more than 8,100 beds from Harrison Street.
The portfolio sits across 10 states and 12 cities, stretching from the East to West coasts, doubling the size of GSA’s presence in North America. The acquisition reinforces GSA’s strategic plan for selective growth across the United States and reflects the wider business plan to further diversify geographically and increase assets under management in the largest student market in the world.
All properties are positioned in prime locations close to large universities, with five of the properties situated next to Power-5 schools in Alabama, Arizona, Kentucky, Oregon and Washington state. The portfolio is more than 93 percent occupied and has a strong track record of consistent rental growth across all locations.
“We are delighted to secure our second major asset acquisition in the U.S. market. This opportunity perfectly ali