GSA and Nuveen purchase YouFirst Campus PBSA portfolio
Global Student Accommodation (GSA) has formed a joint venture with Nuveen Real Estate, one of the largest real estate investment managers in the world, on behalf of its parent company TIAA, and signed an agreement to acquire the YouFirst Campus portfolio in France from Gecina for €540m.
The strategic partnership combines GSA’s expertise in all aspects of investing and managing student housing globally, with Nuveen’s experience in real estate investment management.
The joint venture will acquire Gecina’s student housing portfolio of over 3,600 beds across 18 operational assets in Bordeaux, Lille, Lyon, Marseille and Paris, providing immediate scale and market presence across the country’s leading educational cities …