Alignvest launches $65 mln student accommodation REIT
Alignvest Management Corp has launched Alignvest Student Housing Real Estate Investment Trust (ASH REIT) to acquire assets in the Canadian purpose-built student accommodation (PBSA) real estate sector. ASH REIT has been capitalized with $65 million in commitments and will access additional resources from Alignvest, a Canadian alternative investment manager, as well as subsequent offerings. It is slated to buy its first property in Waterloo, Ontario this month. Alignvest said ASH REIT is positioned to become the largest owner and operator of assets in Canada's fragmented PBSA sector.
3 July 2018•5 mins read
