Atlanta — Student Quarters has announced the close and final deployment of its inaugural value-add fund, SQ Student Housing Properties I LP. The fund has acquired and managed student housing assets proximate to major public universities in the United States, including the Georgia Institute of Technology, University of Tennessee, University of Arkansas and Florida State University. The vehicle included direct and co-investment commitments of $165 million in equity from institutional investors, including GFH Partners. The Atlanta-based firm notes that it sees strong opportunities for acquisition in the student housing space as growth in enrollment at top-tier public universities has outpaced new deliveries. Student Quarters plans to launch a second value-add fund later this year. CBRE Global Investment Banking served as financial advisor to Student Quarters in the transaction. The company was also represented by Alston & Bird.
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