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Fundraising - JANUARY 13, 2014

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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

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