GMH Communities and CBRE GI form student housing JV
GMH Communities (GMH) and a fund sponsored by CBRE Global Investors have entered into a programmatic joint venture to acquire existing core and value-add student housing assets for GMH’s Student Living vertical in select markets across the United States. As the joint venture’s first investment, GMH and CBRE Global Investors have acquired SOVA Student Living, a 248-unit student housing community in Marietta, Ga., that services Kennesaw State University.
“Our partnership with CBRE Global Investors enables us to rapidly grow our student housing portfolio and bring a global institutional platform to a long-term asset class,” said Gary Holloway Jr., President of GMH Communities. “As a pioneer and one of the nation’s leading owners, developers and managers of highquality student housing, GMH has a proven track record of 36 years and overcoming multiple market cycles in this highly specialized sector. We believe that CBRE Global Investors is the ideal, experienced partne