GIC joint venture buys US student housing portfolio for US$1.1b
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Singapore
The joint venture formed by Singapore sovereign wealth fund GIC, the Canada Pension Plan Investment Board (CPPIB) and The Scion Group has acquired a student housing portfolio in the United States for approximately US$1.1 billion.
The portfolio consists of 24 assets located in 20 university campus markets across the US, comprising 13,666 beds.
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