Global Student Accommodation has formed a joint venture with a fund advised by Morgan Stanley Real Estate Investing (MSREI), the global private real estate investment arm of Morgan Stanley Investment Management.
The alliance is founded on a strategic vision to become a leader in U.S. student housing. The joint venture marks the beginning of a long-term relationship that will pursue strategic growth across the full spectrum of the student housing industry.
To begin the partnership, GSA brings $1.6 billion of initial seed assets to the joint venture, with close to 15,000 beds across 21 states and 29 cities. These properties include GSA’s existing U.S. portfolio acquired in 2020, along with the recently closed acquisition of more than 8,100 beds across prime locations from coast to coast. Together, nearly two-thirds of the portfolio are at prestigious Power Five schools.
Under the partnership, Yugo, GSA’s global brand and operating platform, will drive greater
