New York City — Blackstone has entered into an agreement to acquire U.K.-based student housing firm iQ Student Accommodation from a partnership between Goldman Sachs and Wellcome Trust for $6 billion. This sale is said to be the largest ever private real estate transaction in the U.K. IQ Student Accommodation owns and manages more than 28,000 beds across the U.K. and has a development pipeline of over 4,000 beds. The company’s portfolio is concentrated in London. “This acquisition is a continuation of our strategy to invest in high-quality assets and …
Goldman Sachs
Landmark Properties, Goldman Sachs Acquire Two Communities Near the University of Alabama
by Katie Sloan
Tuscaloosa, Ala. — A joint venture between Landmark Properties and affiliates of the Goldman Sachs Merchant Banking Division has acquired two student housing communities located near the University of Alabama. Acquisitions include My House on Caplewood, a 150-bed student housing property, and My House on the 50, a 161-bed student housing property. The communities were acquired from South City Partners for an undisclosed price.