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GIC JV buys student-housing portfolios in US for US$1.6b

Saturday, March 18, 2017 - 05:50

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The portfolios include assets in Charlottesville, Virginia, (above) and in Tampa, Florida.

BT_20170318_LMXGIC181Z81_2797507.jpg
The portfolios include assets in Charlottesville, Virginia and in Tampa, Florida (above).

Singapore

SINGAPORE sovereign wealth fund GIC and two partners announced on Thursday (US time) that their student-housing joint venture (JV) has bought another three US student-housing portfolios for about US$1.6 billion.

The portfolios now owned by Scion Student Communities, which

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