GSA enters U.S. market with major 8,000 bed acquisition across 27 assets
Global Student Accommodation Group (GSA) has acquired 27 U.S. based properties from UCAL, the joint venture with University Communities and the California State Teachers’ Retirement System (CalSTRS). This transaction accelerates GSA’s growth ambitions by adding 8,000 beds across 19 cities and 18 states from coast to coast in the United States. A price was not disclosed.
GSA has also acquired the property management company (UComm) and has entered a forward arrangement with University Communities to work together in partnership on acquiring and developing future student housing properties in the United States.
Will Rowson, CEO of GSA Investment Management, said, “Entering the U.S. market and building a presence is another significant step for GSA. We have been patient to source the right opportunity that fits with our