QuadReal Property Group has acquired a 50 percent interest in CA Ventures’ U.S. student living platform.
The transaction formalizes the conversion of QuadReal’s existing student, entity-level investments with CA Ventures, to an ownership stake in the company. QuadReal’s commitment with CA Ventures is $1.6 billion including other CA Ventures investment vehicles strategically designed to support the continued growth of the firm’s student housing portfolio.
“Student housing is an area of investment conviction for us based upon our research and our experience in the U.S. working with a dedicated team like CA,” commented Jonathan Dubois-Phillips, QuadReal’s president of international real estate. “Even as this year is delivering unexpected dynamics to the landscape of higher education, students studying in the United States need safe and comfortable homes away from home, close to campus and their social and academic networks. CA has long understood the nee
