SFO completes the acquisition of a student-housing portfolio with 1,100 beds in Florida and Texas as part of its US housing strategy

SFO has completed the acquisition of a student-housing portfolio totaling 1,100 beds located in Florida and Texas. This transaction is part of SFO’s strategy to invest in the US housing market in general with a specific focus on student accommodation which still benefits from strong macro and micro-economic trends, favorable supply/demand imbalance and defensive characteristics.

This latest acquisition comprises of two assets catering to more than 125,000 students primarily enrolled in two top US state universities namely the University of Florida in Gainesville and the University of North Texas in Denton.

Commenting on the transaction, Mohamad Abouchalbak, CEO of SFO, said: “This represents the next sizeable transaction for SFO, having acquired more than 1,000 multifamily housing units and 1,800 student-housing beds in the USA. We are accelerating the delivery of our US housing investment strategy by continuing to acquire high quality, well-located and defensive assets in key locations across the USA.

We are committed to selectively expand SFO’s diversified global portfolio of residential and student-housing assets with the objective of offering both current income and capital appreciation to our investors”.