Ares Management Corporation and Core Spaces, a leading real estate company and student housing developer, owner and operator, announced a partnership through funds managed by the Ares Real Estate Group to acquire a portfolio of five purpose-built student housing assets valued at over $400 million.
This represents the initial transaction for the partnership that will seek to grow an attractive student housing portfolio targeting premier college and university markets across the U.S.
The acquired properties are high quality student housing assets totaling approximately 2,700 beds and include attractive amenities for residents.
