Real Estate Investcorp buys US student housing assets for $160m By Pramod Kumar July 12, 2024, 5:11 AM Unsplash.com/Marcus Loke Investcorp owns and manages more than 16,500 beds across 25 student housing investments Investcorp, Bahrain’s alternative asset manager, has acquired two student housing properties in the US for $160 million, as university enrolment numbers surge. The two properties, the University of Florida in Gainesville and the University of Texas at Austin, have a combined 914 beds. The two universities are ranked among the top 10 public universities in the US in terms of academic quality and enrollment, the company said, quoting a US News & World report. NewsletterGet the Best of AGBI delivered straight to your inbox every week “Our national student housing portfolio is 99 percent occupied for the 2023/2024 academic year,” said Michael O’Brien, co-head of real estate for the US at Investcorp. These new acquisitions appear to be far outpacing market averages in pre-leasing for the 2024/2025 academic year, he said. Investcorp buys Indian tech company for $120m Investcorp to invest in $4.2bn JFK terminal 6 overhaul Investcorp to strengthen US presence with $526m venture Since 1996, Investcorp has acquired over 1,300 properties for a total value of over $25 billion. The company, among the top-five largest cross-border buyers of US real estate over the past five years, owns and manages more than 16,500 beds across 25 student housing investments.
