Ascott Residence Trust Doubles Its Student Accommodation Assets with US$213 Million Acquisition of Four Properties in USA
Grows longer-stay lodging assets to 16% of total portfolio to further enhance income resilience.
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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.