Vancouver, British Columbia — QuadReal Property Group has acquired the U.S. student housing business of CA Ventures, which totals 25,000 beds. Under QuadReal’s ownership, the CA Student Living portfolio — which includes 48 properties across 38 university markets — will operate under a new banner, Article Student Living. QuadReal first partnered with CA Student Living in 2017 and has held an indirect and passive stake in its business since September 2020. “We are thrilled to launch Article Student Living, which represents a key part of QuadReal’s long-term investment strategy in the U.S.,” says Dennis Lopez, CEO of Vancouver, British Columbia-based QuadReal Property Group. “Article’s 500 employees are passionate about elevating student living and delivering operational excellence, and we will continue to build on their existing momentum and commitment to bring a best-in-class experience to our residents and partners.” Further details on the acquisition were not announced.
QuadReal Property Group Acquires CA Ventures’ Student Housing Portfolio, Launches Article Student Living