Lates News

Morgan Stanley Investment Management and Global Student Accommodation have acquired a portfolio of American student housing assets worth over $1 billion from the Abu Dhabi Investment Authority and Landmark Properties. According to a statement released on Wednesday, this acquisition includes eight assets and 6,200 beds located near schools such as the University of Virginia and Penn State University. Morgan Stanley has been heavily investing in student housing buildings and now owns 50 properties in the US, expanding their investments to new markets such as Virginia, Georgia, and Pennsylvania. Real estate investors entering the student housing sector are betting that the continued growth in US university enrollments for the third consecutive year will drive demand for student apartments. Will Milam, Head of Real Estate Investments for Morgan Stanley in the US, stated that the latest acquisition with GSA "perfectly fits our strategy of acquiring prime, high-quality, and flexible assets."