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

    Published Fri, Mar 17, 2017 · 09:50 PM

    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 holds one of the largest privately held portfolios of student-housing assets in the US, comprise:

    GICstudent accommodation

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