flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Investment firm Blackstone makes $13 billion acquisition in student-housing sector

Multifamily Housing

Investment firm Blackstone makes $13 billion acquisition in student-housing sector

Plans new developments under American Campus Communities flag to meet growing demand.


By Peter Fabris, Contributing Editor | April 26, 2022
Screen capture of Blackstone meeting
Screen capture of Blackstone meeting

Blackstone Inc., a New York-based investment firm, has agreed to buy student-housing owner American Campus Communities Inc.
 
The deal values the company at about $12.8 billion, indicating the firm expects rents to continue to rise as more college students return to campus. Austin, Texas-based ACC is the largest publicly traded owner and developer of student housing in the U.S.
 
Blackstone plans to build new properties under ACC’s platform, signalling the firm’s optimism that demand will continue to grow. The ACC deal is Blackstone’s largest student housing investment to date. Last summer, it agreed to buy a majority stake in eight student-housing properties for $784 million.
 
ACC owns 166 buildings across the U.S., including properties near Arizona State University and the University of California, Berkeley. Roughly one-quarter of its properties are on campus.

Related Stories

| Jan 19, 2020

Pioneer introduces new Lux-Flow showerhead

Pioneer Industries has launched the Pioneer Lux-Flow showerhead.

| Dec 18, 2019

Making contacts that lead to "true partnerships" is key to Student Housing ProCONNECT event for Pfister's Tracey Qualteri

Tracey Qualteri, Pfister Faucets, at Student Housing ProConnect in Denver, November 11 2019

Multifamily Housing | Dec 11, 2019

8 noteworthy multifamily projects to open in late 2019

From a prefab high-rise in Denver to a seaside village in Oxnard, Calif., these projects highlight the innovative multifamily developments to open their doors in late 2019.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021