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Investcorp buys US student housing assets for $160m

By Pramod Kumar
Investcorp owns and manages more than 16,500 beds across 25 student housing investments 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.

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“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.

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.

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