Oct
29

Clemson Student Housing Complexes Sold As Part of Portfolio

By
– GSA Daily

Kayne Anderson Real Estate Partners I LP, a private equity real estate fund managed under Kayne Anderson Capital Advisors, acquired nine properties for off-campus student housing from Education Realty Trust Inc. The acquisition includes Berkley Place and Clemson Place serving Clemson University.

“Our acquisition of the EDR portfolio was an extremely compelling investment for us as the deal components were in line with our overall investment strategy and allowed us to buy at an opportunistic price,” said Al Rabil, managing partner of KAREP. “We are pleased that the deal came through a referral from a close operational partner, which speaks to the team’s strong reputation for closing speed, efficiency and a highly specialized knowledge of the student housing space. We expect this investment to generate sustainable and growing cash flows on behalf of our investors.”

ARTICLE SHORTENED DUE TO LENGTH….

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