Investcorp has completed four student housing acquisitions totaling nearly 3,000 beds for a gross transaction cost of more than $300 million.
The investments strengthen Investcorp’s student housing presence in key college markets and advance the firm’s strategy to build a diversified portfolio of off-campus housing at flagship state universities across the country.
The acquisitions include:
A 792-bed, 99 percent occupied property at Texas A&M University in College Station, Texas;
A 486-bed, 98 percent occupied property at Texas State University in San Marcos, Texas;
A 699-bed, 96 percent occupied property at the University of Kentucky in Lexington, Ky.; and
A 684-bed, 99 percent occupied property at the University of Oklahoma in Norman, Okla.
“The student housing sector continues to perform well, and we believe the robust fundamentals of this asset class will translate into strong performance and compellin
