Fundraising - JANUARY 13, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Henderson extends close date on student housing fund

by Reg Clodfelter

Henderson Global Investors has extended the marketing period of Henderson Student Housing Fund and has a new target close date of Dec. 31, 2014. Amy Lynch, institutional marketing and client services manager at Henderson, has confirmed the new date.

The fund is targeting an equity raise of $100 million, and is expected to have a buying power of $200 million to $300 million with the use of leverage. It will acquire and operate stabilized and value-add purpose-built by-the-bed off-campus properties in select public university markets with select characteristics such as a Division I football/athletics program or a full-time enrollment that exceeds 15,000 students. Henderson’s fund is expected to acquire the properties through either direct investment or joint ventures.

The fund is seeking two to three institutional investors that will commi

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy