Global Student Accommodation buys 1,450-bed portfolio

Global Student Accommodation (GSA) has purchased a portfolio of 1,450 beds across four student housing assets from real estate investment and development firm Rael Development Corporation. The financial terms were not disclosed.

GSA’s portfolio is now present in 29 cities and 22 states across the United States. All properties in the latest transaction are excellently located close to Power-5 or Group of 5 schools and demonstrate the strong fundamentals that underpin this resilient sector.

The acquisition also marks GSA’s entry into Fayetteville, Ark., adding the prestigious Power-5 school of the University of Arkansas to its expansive portfolio. The remaining three assets are located in GSA’s existing markets, consolidating the company’s presence and creating significant operational synergies.

GSA has experienced unparalleled growth in the United States since entering the market in December 2020 and is ideally positioned to secure further pipeline opport