Big bet on the student housing market
From Inside Higher Ed: “One of the largest investment firms in the world is betting big—nearly $13 billion—that interest in attending residential colleges and universities isn’t fading anytime soon. Blackstone on Tuesday confirmed a Wall Street Journal report that it would spend $12.8 billion to buy American Campus Communities, among the largest owners of student housing on and off campus. American Campus says it has more than 200 residential communities on and near about 100 college and university campuses.”View the full article from Inside Higher Ed.
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