SFO completes the acquisition of 645 student housing beds in Lexington, Kentucky
SFO has completed the acquisition of a student-housing property comprising of 645 beds located in Lexington, Kentucky. The asset is among the closest off-campus student accommodations that cater to students enrolled at the University of Kentucky.
The University of Kentucky, one of the oldest higher education facilities in the USA, is a flagship university in the state currently accommodating over 30,000 students for the academic year 2016-17.
Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “Student enrollment has increased at a significantly higher pace than new supply for student accommodation in the US, creating an encouraging supply/demand imbalance. This, coupled with the strong historical performance of the sector, is expected to continue to deliver superior risk-adjusted returns to the investors.
We look forward to building on this successful acquisition to expand our footprint across the student-housing market in the US.”
About SFO Capital Partners: SFO Capital Partners is a London-based global real estate investor and investment manager, committed to achieving superior risk-adjusted returns and focused on establishing and maintaining long-term relationships with its global clients and partners. SFO Capital Partners applies its global mindset, in-depth sector experience and local knowledge to unlock international real estate investment projects in Europe and the USA across a select range of investment strategies including income-generating, value-add and development schemes. As of December 2022, SFO Capital Partners has acquired a diversified portfolio comprising more than $2.1 billion in assets located primarily in the USA and Europe, including 7,000 apartments and more than 9 million square feet of commercial real estate under management.