11.03.22 | This week we recognized 2 capital-related transactions with a disclosed value of $1.5 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $0.9 | Hines Interests, Cadillac Fairview to Invest $965 Million in Aussie BTR Sector |
| $0.6 | Campus, Clarion Selling $550 Million Student Housing Portfolio |
| $1.5 | Total |
Summary of Transaction Headlines
Deal Street Asia | “Hines Interests, Cadillac Fairview to Invest $965 Million in Aussie BTR Sector”
North America-based real estate developers Hines Interests and Cadillac Fairview will jointly buy and develop up to A$1.50 Billion
($965 Million) of assets in the Australian build-to-rent (BTR) sector, the companies said on Wednesday. The investment will be the first by Canada-based Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, in the country and the region, where U.S.-based Hines Interests is strengthening its presence as investor interest picks up.
Globe St. | “Campus, Clarion Selling $550 Million Student Housing Portfolio”
A partnership between Philadelphia-based student housing operator Campus Apartments and Clarion Partners is selling a portfolio of five student housing campuses valued at an estimated $550 Million. The portfolio encompasses 2,643 beds across 811 units in Ann Arbor, MI; Clemson, SC; Knoxville, TN and Tallahassee, FL, according to a report in greenstreet. The units average 1,150 SF and are 99% occupied. CBRE, which is marketing the portfolio, says the owners will accept bids on the properties individually or in combination, but would prefer to sell the package to a single buyer. Amenities in the portfolio include fitness centers, pools, rooftop terraces and business centers.
