TPG Real Estate Partners (TREP) and Round Hill Capital have acquired two residential complexes for student living in Germany. The assets, situated in the cities of Munich and Dresden, were acquired for total consideration of €68 million ($81 million) through TREP and Round Hill Capital’s strategic joint venture formed in July 2019.
The two assets acquired by the venture will further strengthen TREP and Round Hill Capital’s growing portfolio of high-quality student accommodation assets in Germany. The student housing platform now totals over 2,500 units across the country’s major university cities including Berlin, Stuttgart, Munich and Dresden.
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