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Ascott Residence Trust acquires four student accommodation properties in the US

Jovi Ho
Jovi Ho12/27/2021 07:52 AM GMT+08  • 3 min read
Ascott Residence Trust acquires four student accommodation properties in the US
With the new acquisition, ART has built a portfolio of eight student accommodation assets with about 4,400 beds in under a year.
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Ascott Residence Trust (ART) will acquire four student accommodation assets in the USA for US$213.0 million ($291.2 million), announced the company on Dec 27.

The four assets have a total of 1,651 beds, serving more than 100,000 students across five universities in three states.

The Link University City is located in Pennsylvania, while Latitude on Hillsborough and Uncommon Wilmington are in North Carolina, and Latitude at Kent is in Ohio.

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