Alignvest Student Housing acquires first asset in Waterloo
Alignvest Student Housing Real Estate Investment Trust (ASH REIT) has acquired an 18-storey, 455-bed student residence located near the University of Waterloo and Wilfred Laurier University. Terms weren't disclosed. The Waterloo property acquisition is the first deal of ASH REIT, which last month raised $65 million to invest in Canada's purpose-built student accommodation real estate sector. ASH REIT is managed by Alignvest Student Housing, an affiliate of Canadian alternative investment manager Alignvest Management Corp. Alignvest Student Housing said it will introduce amenities and services to the building over the next few months.
17 August 2018•3 mins read
