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Ascott Residence Trust (ART) is proposing to acquire nine quality serviced residences, rental housing and student accommodation properties across five countries from its sponsor, The Ascott Limited. At an estimated total capitalised cost of S$318.3 million[1], the yield-accretive acquisition is set to increase ART’s distribution by S$9.2 million and its pro forma FY 2021 Distribution per Stapled Security by 2.8%[2].

Ascott Residence Trust (ART) has unveiled plans to invest about 10.4 billion yen to acquire four rental housing properties and its first student accommodation property in Japan. Three of the rental housing properties are located in central Osaka with the other in Fukuoka, on...

Expands longer-stay lodging properties to 17% of total portfolio value to boost income stability

Ascott Residence Trust (ART) will invest about JPY 10.4 billion (S$125.0 million) to acquire four rental housing properties and its first student accommodation property in Japan. The yield-accretive acquisitions are set to increase ART’s pro forma FY 2021 Distribution per Stapled Security by approximately 1.7%. The average NOI yield is...

Ascott Residence Trust (ART) will invest about JPY 10.4 billion[1] (S$125.0 million[2]) to acquire four rental housing properties and its first student accommodation property in Japan. The yield-accretive acquisitions are set to increase ART’s pro forma FY 2021 Distribution per Stapled Security by approximately 1.7%[3]. The average NOI yield[4] is expected to be about 4.0%. The five properties will be acquired on a turnkey basis from two different sellers on a willing buyer and willing seller ...

Grows longer-stay lodging assets to 16% of total portfolio to further enhance income resilience.

Grows longer-stay lodging assets to 16% of total portfolio to further enhance income resilience

Ascott Residence Trust (ART) will acquire four student accommodation assets in the USA for US$213.0 million (S$291.2 million). The four assets have a total of 1,651 beds, serving more than 100,000 students across five universities in three states.

Ascott Residence Trust (ART) will acquire four student accommodation assets in the USA for US3.0 million  (S1.2 million).

Ascott Residence Trust will acquire a freehold 548-bed student accommodation asset, named Seven07 in Champaign, Illinois, USA for US.25 million.