Mapletree Investments Gets 3,751-Unit Real estate Portfolio for $1.6 Billion

2nd Deal with Kayne Realty Brings Singapore Investor’s General Trainee Real estate Portfolio to More Than 18,000 Beds

Hiew Yoon Khong, Group CEO of Mapletree.
Hiew Yoon Khong, Group CEO of Mapletree. Singapore-based Mapletree Investments Pte Ltd. announced the acquisition of a 2nd portfolio of student housing possessions from Kayne Anderson Property Advisors.Mapletree noted the
purchase rate for the portfolio at about$1.6 billion. The deal includes 8

student real estate assets including 3,611 beds, including homes found in Fort Collins, CO, near Colorado State University; in Miami near Florida International University; in Minneapolis near the University of Minnesota; in Columbia, MO, near the University of Missouri; in Pittsburgh’s medical and university district; and in Charleston, SC, near The Castle. The purchase also includes four multifamily properties with 1,388 units in the Denver, Miami and Decatur, IL, markets; and one 140-bed student housing home in Canada. This is Mapletree’s 2nd transaction with Boca Raton-based Kayne Real Estate.

Mapletree obtained seven United States trainee real estate properties from Kayne Property in November 2016. Kayne now owns 17 properties with 12,000 beds across 16 cities in the U.S. Mapletree’s total student real estate portfolio now includes 43 assets with 18,024 beds situated across 29 cities in the US, Canada and the UK, consisting of properties held by its sponsored Mapletree Global Student Accommodation Private Trust. “Because 2016, Mapletree has broadened into the trainee real estate asset class on a worldwide scale as it creates steady and consistent earnings, “said Hiew Yoon Khong, Group CEO of Mapletree.”We see chances as there is a space in between enrolment and overall supply of purpose-built trainee real estate. We intend to scale up in this sector internationally consisting of in Australia and continental Europe, aside from the UK and the United States, Khong included. Citigroup Global Markets Inc. functioned as unique financial consultant to Kayne Realty on the entirety of the sale transactions with Mapletree.

For extra details on the most recent purchase, see CoStar Sale Comp ID: 3918622.

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