GSA enters US market through acquisition of 8,000 beds across 27 assets

Global Student Accommodation Group (“GSA”) has today announced the acquisition of twenty seven US based properties from UCAL, the joint venture with University Communities LLC (‘University Communities”) and the California State Teachers Retirement Fund (“CalSTRS”). This transaction accelerates GSA’s growth ambitions by adding 8,000 beds across 19 cities and 18 states from coast to coast in the US. Price is not disclosed.

GSA has also acquired the property management company (“UComm”) and has entered a forward arrangement with University Communities to work together in partnership on acquiring and developing future student housing properties in the US …

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